6505 South Peoria, Chicago IL 60621
- Units 3
- Total Beds 9
- Total Baths 3
- Taxes $1,265.96
- Payment Estimate View Mortgage Calculator
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Property Description
A rare opportunity in Englewood: a legally conforming 3-unit masonry building with over 4,600 square feet of interior space and massive long-term upside. Walking distance from the 63rd and Halsted shopping center including a new Starbucks. This is a true value-add play for experienced investors who can see the potential through the clutter. The property will be delivered vacant. Investor Highlights: -Legal 3-unit - no zoning issues or conversions required -9 bedrooms / 3 bathrooms -Over 4,600 SF including full basement -Solid masonry structure with good bones -2.5-car garage -Sits on a 3,500 SF lot. Incentives & Financial Tools (22 Available): This property qualifies for a staggering array of local, state, and federal programs, including: -Purchase assistance (BNAH) -TIF Purchase-Rehab eligibility -Opportunity Zone + New Markets Tax Credits -Solar + energy tax credits (Illinois Solar for All, IRA) -TaxSmart MCC + IHDA Targeted Area bonuses -CRA credit eligibility + multiple grant programs Location & Momentum: -Located in an Enterprise Zone, TIF District, Opportunity Zone, and IHDA Revitalization Area -Minutes from Halsted CTA and other major transit routes -Within the INVEST South/West revitalization corridor -Surrounded by active development and municipal investment This is a high-upside investment in a neighborhood undergoing transformation. Whether you want to rehab and rent, renovate and resell to owner-occupants, or hold as a cash-flowing asset with appreciation potential, this is a solid foundation with the kind of incentives rarely seen in one property. Bring your vision and seize the opportunity.
Features & Information
Key Details
- List Price $149,900
- Property Taxes $1,265.96
- Price/ Sq. Ft. Unavailable
- Year Built 1905
- Parking Type Garage
- Status New
Rooms
- Total Rooms 12
- Basement F
Exterior Features
-
Parking
- Parking Details Garage
- # of Cars: 2
Building Information
- Number of Units 3
- Age of Building 100+ Years
- Exterior Construction Stone
- Heating & Cooling Gas
-
Units
- Unit 1 None
- Unit 2 None
- Unit 3 None
Location
- County Cook
- Township Lake
- Corporate Limits Chicago
- Directions to Property West On 65th St From Halsted, North On Peoria
-
Schools
- Elementary School District 299
- Junior High District 299
- High School District: 299
-
Property Taxes
- Tax 1265.96
- Tax Year 2023
- Parcel Identification Number 20202220020000
Utilities
- Sewer Sewer-Publ
Listed by: Pearson Realty Group | Phone: 773.325.2800
Source: MRED as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 9/18/2025 12:32 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Explore Englewood
Englewood has seen its share of both good fortune and hard luck over the years. Englewood Station was once a stop on the premier New York Central Railroad Line, and had one of the hottest shopping districts in the city. Unfortunately it suffered when many of the once-prominent industries, such as the railroad, left the community. Lately, though, there is a resurgence of interest in Englewood, as developers realize some of the hidden assets of the area, including convenient access to public transportation and expressways, loads of public parkland, and affordable housing. Not to mention free music concerts and outdoor films in the neighborhood's parks during the warm weather months.
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