$465,000
$10K PRICE DROP

Estimated payment $2,663/month

Total Views 2,012
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

About This Home

Well maintained five (5) unit building. It has four (4) 1bd/1ba units and one (1) 2bd/1ba garden apartment. The building sits on the corner of a quiet, tree-lined street across from the premier Gwendolyn Brooks College Preparatory campus and one (1) block north of Palmer Park, which features sporting facilities, a fitness center, and an outdoor swimming pool. Each unit features luxury vinyl plank flooring and a spacious floorplan with an oversized living room and electric baseboard heating. Recent improvements to the building include, but are not limited to, copper plumbing, updated electric, and an abundance of masonry and tuckpointing work. The building also features five (5) possible income-producing parking spaces. Total rent is $5600 per month. Property tax is below $3000 per year. It's an idea building for investors.

Listing Agent

Tian Xin

Weichert,Realtors-FirstChicago License #475185197 Listed on: 10/01/2025

Weichert,Realtors-FirstChicago

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,682

Year Built

  • Built in 1960

Home Design

  • Garden Apartment

Additional Features

  • 3-Story Property
  • Lot Dimensions are 71' x 72'
  • Heating Available

Community Details

Overview

  • 5 Units

Building Details

  • Electric Expense $1,271
  • Fuel Expense $588
  • Insurance Expense $2,500
  • Maintenance Expense $2,125
  • Manager Expense $3,135
  • Other Expense $1,997
  • Trash Expense $1,800
  • Water Sewer Expense $1,213
  • Operating Expense $18,810
  • Gross Income $66,000
  • Net Operating Income $43,890

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,682

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Garden Complex
  • Stories: 3
  • Year Built: 1960
  • Built Before 1978 (Y/N): Yes
  • Information: List Broker Must Accompany,48-Hr Notice Required
  • Estimated Age: Older
  • Actual Status: Active
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Room: 0

Utilities

  • Heat/Ventilation: Electric

Condo/Co-op/Association

  • Manager Expense: 3135

Fee Information

  • Trash Expense: 1800
  • Water Sewer Expenses: 1213

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 71' X 72'

Rental Info

  • Tenant Pays: Electricity, Heat, Hot Water
  • Board Number: 8

Multi Family

  • Net Operating Income: 43890
  • Fuel Expense: 588
  • Insurance Expense: 2500
  • ElectricExpense: 1271
  • GrossIncome: 66000
  • Maintenance Expense: 2125
  • NumberOfUnitsTotal: 5
  • OperatingExpense: 18810
  • Type Multi-Family: Garden Complex

Tax Info

  • Tax Annual Amount: 2682
  • Tax Year: 2022

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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 List to Sale Price per Sq Ft
10/15/2025 10/15/25 Price Changed $465,000 -2.1% --
10/01/2025 10/01/25 For Sale $475,000 -- --
Source: Midwest Real Estate Data (MRED)

Source: Midwest Real Estate Data (MRED)

MLS Number: 12484868

Midwest Real Estate Data (MRED)