$315,000

Estimated payment $1,953/month

Total Views 12,243
-- Bed
-- Bath
5,736 Sq Ft
$55 Price per Sq Ft

Highlights

  • Hot Water Heating System
  • 4-minute walk to Stony Island Station
  • 3-minute walk to Hodes Park

About This Home

Maximize your ROI with this exceptional middle-income rental development opportunity! This solid Chicago brick building, complete with balconies, is strategically located in a transit-connected hub, blocks from Metra, Jackson Park, and the Obama Library site, and just a stone's throw from the lakefront. Though in need of a full rehab, the payoff is immense. Currently set up as six 2 Bed/1 Bath units, the exceptionally high basement provides valuable space for potential expansion and increased revenue. This isn't just any building; it's a solid masonry structure with a steel center beam, built to last, a tank of a building. Plus, enjoy the added convenience of a brick 5-car garage on the alley. Seller willing to offer seller financing for this building.

Listing Agent

Derek Walvoord

Exit Strategy Realty / EMA Management License #475193959 Listed on: 09/09/2025

Co-Listing Agent

Wayne Beals

Exit Strategy Realty / EMA Management License #471018068

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,388

Year Built

  • Built in 1917

Lot Details

  • 6,250 Sq Ft Lot
  • Lot Dimensions are 50x125

Home Design

  • Garden Apartment
  • Brick Exterior Construction
  • Concrete Perimeter Foundation

Interior Spaces

  • 5,736 Sq Ft Home
  • 3-Story Property

Utilities

  • No Cooling
  • Hot Water Heating System
  • Heating System Uses Gas

Community Details

Overview

  • 6 Units

Building Details

  • Other Expense $20,000
  • Operating Expense $11,200
  • Gross Income $86,400
  • Net Operating Income $66,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,388

Year Built

Built in 1917

Lot Details

6,250 Sq Ft Lot

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Garden Complex
  • Stories: 3
  • Year Built: 1917
  • Built Before 1978 (Y/N): Yes
  • Information: List Broker Must Accompany
  • Estimated Age: Older
  • Actual Status: Active
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Concrete Perimeter
  • Misc Outside: Balcony/ies,Courtyard,Security Gate

Utilities

  • Cooling: None
  • Electric: Circuit Breakers
  • Heat/Ventilation: Gas,Hot Water

Condo/Co-op/Association

  • Unincorporated (Y/N): No

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.14
  • Lot Dimensions: 50X125
  • Lot Size Sq Ft: 6250
  • Zoning: MULTI

Rental Info

  • Tenant Pays: None
  • Board Number: 8

Building Info

  • BuildingAreaTotal: 5736

Multi Family

  • Net Operating Income: 66400
  • GrossIncome: 86400
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 11200
  • Type Multi-Family: Garden Complex

Tax Info

  • Tax Annual Amount: 3388
  • Tax Year: 2023

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $3,388 $36,800 $5,625 $31,175
2024 $3,388 $36,800 $5,625 $31,175
2023 $3,291 $16,001 $7,813 $8,188
2022 $3,291 $16,001 $7,813 $8,188
2021 $3,217 $15,999 $7,812 $8,187
2020 $3,797 $17,044 $6,875 $10,169
2019 $3,848 $19,151 $6,875 $12,276
2018 $3,783 $19,151 $6,875 $12,276
2017 $5,692 $26,440 $6,250 $20,190
2016 $5,296 $26,440 $6,250 $20,190
2015 $4,845 $26,440 $6,250 $20,190
2014 $4,211 $22,695 $5,000 $17,695
2013 $4,128 $22,695 $5,000 $17,695
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
03/24/2026 03/24/26 For Sale $315,000 0.0% $55 / Sq Ft
03/21/2026 03/21/26 Off Market $315,000 -- --
09/09/2025 09/09/25 For Sale $315,000 -- $55 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Source: Midwest Real Estate Data (MRED)

MLS Number: 12467147

Midwest Real Estate Data (MRED)

APN: 20262110130000

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