$315,000

Estimated payment $1,917/month

Total Views 9,178
-- 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

0

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

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

Date Event Price List to Sale Price per Sq Ft
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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