2548 S Homan Ave

For Sale

2548 S Homan Ave, Chicago, IL 60623

This Chicago property for sale is located at 2548 S Homan Ave. The current listed sale price for 2548 S Homan Ave is $3,400,000. 2548 S Homan Ave is situated on a lot that is 0.38 acre in size.

Contacts

Jack Petrando

Kiser Group

Property Details

  • Property Type Multi-Family
  • Property Size 16,983 SF
  • Units 28
  • Lot Size 0.38 Acre
  • Year Built 1920
  • Date Updated Sep 18, 2026
Little VillageKiser Group is pleased to exclusively present for purchase 2548 S. Homan, a 28-unit apartment building located in Chicago’s Little Village neighborhood. The property is situated near 26th Street, one of the neighborhood’s primary commercial corridors, offering convenient access to a variety of restaurants, retail, grocery stores, and local services. Residents also benefit from nearby public transportation and convenient access to I-290, providing connectivity throughout Chicago and the surrounding suburbs. The property is comprised of twelve (12) studio units and sixteen (16) 1Bd/1Ba units. Each unit is equipped with an individual furnace, while the property also offers on-site parking and on-site laundry facilities for residents. 2548 S. Homan currently generates a 6.09% in-place cap rate and a 2.18% cash return. Through continued rental growth and operational improvements, the property is projected to achieve a 7.29% proforma cap rate and a 7.01% proforma cash return, providing investors with meaningful upside and the potential to enhance overall returns.
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Highlights

  • Modern Kitchen & Baths w/ Individual Furnaces
  • Prime Little Village Location
  • Sixteen (16) 1Bd/1Ba & Twelve (12) Studio Units
  • Thirty Four (34) Parking Spaces

Getting around

  • 89/100

    Walk Score ®

  • 65/100

    Transit Score ®

  • 71/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Chicago, IL
  • Neighborhood Little Village
  • Zip Code 60623
  • Market Chicago

Points of Interest

  • Central Park

    0.67 miles

  • Kedzie

    0.68 miles

  • Kostner

    1.33 miles

  • Ashland

    2.35 miles

  • 54th/Cermak

    2.43 miles

  • Cicero

    2.64 miles

  • Western

    3.09 miles

  • Pulaski

    3.20 miles

  • Uber Tent

    3.24 miles

  • UIC-Halsted (Morgan Street)

    3.68 miles

  • Shell

    0.25 miles

  • Mobil

    0.41 miles

  • Exxon

    0.55 miles

  • Power Gas Station

    0.83 miles

  • BP

    1.09 miles

  • Citgo

    1.21 miles

  • Pilot

    1.23 miles

  • Road Ranger

    1.26 miles

  • EVgo

    2.61 miles

  • Electrify America

    3.59 miles

  • Visitor Parking

    0.59 miles

  • Visitor Paerking

    0.91 miles

  • Trailer Parking

    1.81 miles

  • 35th/Archer Park & Ride

    1.89 miles

  • Lot W5

    2.26 miles

  • Lot A4

    2.44 miles

  • Lot C4

    2.46 miles

  • Lot A3

    2.48 miles

  • Karavan Motel

    2.00 miles

  • Cindy Lyn Motel

    2.07 miles

  • Shamrock Motel

    2.28 miles

  • Hyatt Place Chicago - Medical / University District

    2.76 miles

  • Hyatt House Chicago - Medical / University District

    2.81 miles

  • Carlton Inn Midway

    2.90 miles

  • Cicero Motel

    2.92 miles

  • Benedictine Bed and Breakfast

    2.98 miles

  • Courtyard by Marriott Chicago at Medical District / UIC

    3.03 miles

  • The Polo Inn

    3.14 miles

  • Cermak Fresh Market

    0.12 miles

  • Supermercado La Chiquita

    0.23 miles

  • Ross

    0.43 miles

  • Little Village Discount Mall

    0.43 miles

  • ALDI

    0.52 miles

  • Pete's Market

    1.22 miles

  • Fairplay Foods

    1.29 miles

  • Workshop Apothecary

    1.43 miles

  • Freshway Market

    1.58 miles

  • Burlington

    1.59 miles

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