2448 W Iowa St Chicago, IL 60622
Ukrainian Village NeighborhoodEstimated payment $9,892/month
About This Home
Incredible Value-Add Opportunity! 6-unit plus garden in a great location with a lot of new development close to restaurants, shops and transportation. Fully rented with long term tenants. All units have GFA/CA and tenants pay their own heat. Plumbing and electric have been upgraded. 5 units have in-unit washer/dryer and 2 units share laundry in the basement. The three front units are 2 bedroom/1 bath, the three rear units are 1 bedroom/1 bath and the garden unit is a studio. Property being sold AS-IS.
Listing Agent
@properties Christie's International Real Estate License #475132181 Listed on: 08/05/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $30,474
Year Built
- Built in 1878
Home Design
- Brick Exterior Construction
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Gas
- Separate Meters
Additional Features
- 3-Story Property
- Lot Dimensions are 29 x 125
Community Details
Overview
- 7 Units
Building Details
- Electric Expense $1,200
- Fuel Expense $2,400
- Insurance Expense $4,200
- Maintenance Expense $6,000
- Trash Expense $2,400
- Water Sewer Expense $1,200
- Operating Expense $47,874
- Gross Income $114,300
- Net Operating Income $66,426
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/12/2025 08/12/25 | Pending | -- | -- | -- |
| 08/05/2025 08/05/25 | For Sale | $1,395,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12438707
APN: 16014230220000
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