$565,000
SOLD AUG 8, 2025
-- Bed
-- Bath
900 Sq Ft
1962 Built

Recently Sold

$628 Per Sq Ft

8% Below List Price

26 Days on Market

About This Home

As of August 2025

EXCELLENT OPPORTUNITY for a (6) unit income producing MULTI-FAMILY INVESTMENT BUILDING NEAR THE ORANGE LINE train station, Gage Park, soccer field, schools, convenient shopping, CTA, etc. Beautiful property, rarely available!! Well maintained property. Units are spacious & in excellent condition w/many updates in the last 3-4 years. LRs & BRs have hwd floors. Very nice kitchens! Appliances included. Fully occupied. Tenants pay electric & cooking gas. SOLD AS-IS. Rents are low due to long-term tenants, consequently there's an Incredible opportunity for upside in rental income. ESTIMATED POTENTIAL RENTAL MKT VALUE of 1500+ Parking for 6 cars. Roof, y2022. HWT y 2023. Well maintained heating system!! Freshly painted entrance common areas!! Come see!! Don't delay... the high demand for rental apartments & short supply of multi-family properties makes this a true solid investment for you!! Ideal location...nearby ORANGE line to MIDWAY & EXPRESSWAY, schools, etc. ** Preapproved buyers, please**

Last Agent to Sell the Property

Rosa Terrazas

Century 21 Circle Listed on: 04/02/2025

Century 21 Circle

Last Buyer's Agent

Jorge Mariscal

RE/MAX Partners License #475132372

RE/MAX Partners

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,091

Year Built

  • Built in 1962

Home Design

  • Brick Exterior Construction

Additional Features

  • 3-Story Property
  • Lot Dimensions are 46x140
  • Central Heating

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $552
  • Fuel Expense $4,900
  • Insurance Expense $6,800
  • Maintenance Expense $1,200
  • Trash Expense $1,740
  • Water Sewer Expense $4,560
  • Operating Expense $27,243
  • Gross Income $73,200
  • Net Operating Income $45,957

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,091

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Flats
  • Stories: 3
  • Year Built: 1962
  • Built Before 1978 (Y/N): Yes
  • Information: List Broker Must Accompany
  • Estimated Age: Older
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Refrigerators: 6
  • Ranges: 6
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • List Price: 615000
  • Misc Outside: Security Gate

Utilities

  • Electric: Circuit Breakers
  • Heat/Ventilation: Central Bldg Heat

Fee Information

  • Trash Expense: 1740
  • Water Sewer Expenses: 4560
  • Janitor Expense: 3600

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 46X140
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 8

Multi Family

  • Net Operating Income: 45957
  • Fuel Expense: 4900
  • Insurance Expense: 6800
  • ElectricExpense: 552
  • GrossIncome: 73200
  • Maintenance Expense: 1200
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 27243
  • Expense Year: 2024
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 5091
  • Tax Year: 2023

Range of Values:

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Sold Price
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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
08/08/2025 08/08/25 Sold $565,000 -8.1% $628 / Sq Ft
04/28/2025 04/28/25 Pending -- -- --
04/02/2025 04/02/25 For Sale $615,000 +82.2% $683 / Sq Ft
10/30/2019 10/30/19 Sold $337,500 -3.6% --
09/18/2019 09/18/19 Pending -- -- --
08/27/2019 08/27/19 For Sale $350,000 -- --
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: 12327232

Midwest Real Estate Data (MRED)