$510,000
SOLD SEP 19, 2023
15 Beds
6 Baths
6,163 Sq Ft
1908 Built

Recently Sold

$83 Per Sq Ft

19% Below List Price

86 Days on Market

About This Home

As of July 2025

Welcome to this fantastic 10% cap investment opportunity! This brick 6-unit building is a gem for any savvy investor. Situated in a desirable location, this property promises a stable income source and incredible potential for long-term growth. The current tenants are from the Chicago Housing Authority (CHA), ensuring consistent occupancy and reliable rental income. Each unit within this well-maintained building offers a host of attractive features. Hardwood floors throughout provide a timeless and elegant touch, while gas forced air heating ensures comfort and efficiency. The convenience of separate utilities adds to the appeal, making it easier to manage expenses and optimize profitability. The entire building has undergone a thorough gut rehab with meticulous attention to detail, supported by approved plans and permits. This reassures the buyer of the quality and durability of the property, minimizing maintenance and renovation costs in the foreseeable future. With a thoughtfully designed layout, the building comprises three units with 3 bedrooms and 1 bath, and three units with 2 bedrooms and 1 bath. This versatile configuration caters to various tenant needs, appealing to a wide range of potential renters. The current property manager, who has been overseeing the building's operations, is willing to continue working with the new owner. This seamless transition process ensures a hassle-free experience for the buyer, allowing them to focus on maximizing returns and enjoying the benefits of their investment. Don't miss out on this incredible opportunity to add a brick 6-unit building to your investment portfolio. With stable CHA tenants and the support of a reliable property manager, this property is poised to deliver long-term success. Schedule a showing today and discover the potential that awaits you!

Last Agent to Sell the Property

Sam Shah

YBRS Realty Inc. License #475166155 Listed on: 05/21/2023

Last Buyer's Agent

Laura McNellis

McSully Properties LLC License #471002753

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,237

Year Built

  • Built in 1908

Bedrooms and Bathrooms

  • 15 Bedrooms
  • 6 Bathrooms

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Additional Features

  • 3-Story Property
  • Lot Dimensions are 30x125

Listing and Financial Details

  • Tenant pays for electricity, heat

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $240
  • Insurance Expense $2,500
  • Maintenance Expense $7,200
  • Trash Expense $1,560
  • Water Sewer Expense $1,800
  • Operating Expense $17,536
  • Gross Income $84,552
  • Net Operating Income $62,787

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,237

Year Built

Built in 1908

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Flats
  • Stories: 3
  • Year Built: 1908
  • Built Before 1978 (Y/N): Yes
  • Information: None
  • Estimated Age: Older
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 15
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • List Price: 630000

Utilities

  • Heat/Ventilation: Forced Air,Gas

Fee Information

  • Trash Expense: 1560
  • Water Sewer Expenses: 1800
  • Janitor Expense: 0

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 30X125
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity, Heat
  • Board Number: 2

Multi Family

  • Net Operating Income: 62787
  • Insurance Expense: 2500
  • ElectricExpense: 240
  • GrossIncome: 84552
  • Maintenance Expense: 7200
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 17536
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 4236.6
  • Tax Year: 2021

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/07/2025 07/07/25 Sold $650,000 0.0% $105 / Sq Ft
07/06/2025 07/06/25 For Rent $1,600 0.0% --
06/11/2025 06/11/25 Off Market $1,600 -- --
05/27/2025 05/27/25 Pending -- -- --
05/11/2025 05/11/25 For Sale $525,000 0.0% $85 / Sq Ft
05/08/2025 05/08/25 For Rent $1,600 0.0% --
09/19/2023 09/19/23 Sold $510,000 -19.0% $83 / Sq Ft
08/17/2023 08/17/23 Pending -- -- --
05/22/2023 05/22/23 For Sale $630,000 -- $102 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11788774

Midwest Real Estate Data (MRED)

APN: 16231080290000