$1,500,000

Estimated payment $8,834/month

Total Views 157
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Very Popular Property
  • Laundry Room
  • Central Heating
  • 10,500 Sq Ft lot

About This Home

This extraordinary rental investment opportunity features six 2-bedroom, 1-bath units, two 1-bedroom, 1-bath units, and a SEPARATE, FREE STANDING 2-BEDROOM, 1.1 BATH SINGLE FAMILY HOME with full basement and two-car garage on the same property PIN number. This classic red brick building is located in the desirable Montclare neighborhood, just blocks from Metra, shopping, restaurants, and nightlife. The buildings have been well-maintained and operated as a family business for many years and fulluy occupied. Most rents have not been increased in years and are below market, offering improved CAP and GRM potential. Two apartments are on a month-to-month basis. This investment property is being discreetly marketed with respect for tenant privacy being a very high priority. Showing appointments will be scheduled with advance notice only and limited to advance verification of funds or pre-approved financing.

Listing Agent

Joseph Woodbury

Baird & Warner License #471000109 Listed on: 11/12/2025

Baird & Warner

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,139

Year Built

  • Built in 1926

Lot Details

  • 10,500 Sq Ft Lot
  • Lot Dimensions are 50x209

Home Design

  • Brick Exterior Construction
  • Concrete Perimeter Foundation

Interior Spaces

  • 2-Story Property
  • Laundry Room

Utilities

  • Central Heating

Community Details

Overview

  • 9 Units

Building Details

  • Electric Expense $960
  • Fuel Expense $2,700
  • Insurance Expense $7,000
  • Maintenance Expense $5,000
  • Trash Expense $3,600
  • Water Sewer Expense $3,600
  • Operating Expense $25,000
  • Gross Income $100,000
  • Net Operating Income $20,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,139

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Corridor-Interior Entrance
  • Stories: 2
  • Year Built: 1926
  • Built Before 1978 (Y/N): Yes
  • Information: No Sign on Property,Highly Confidential
  • Estimated Age: Older
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Unfinished
  • Misc Inside: Laundry Room
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Concrete Perimeter

Utilities

  • Heat/Ventilation: Central Bldg Heat

Fee Information

  • Trash Expense: 3600
  • Water Sewer Expenses: 3600
  • Operating Expense Includes: Fuel,Insurance,Trash,Water/Sewer,Electricity,Gas,Real Estate Tax

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 50x209
  • Lot Size Sq Ft: 10500
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Air Conditioning, Electricity
  • Board Number: 2
  • Tenancy Type: Leases,Month To Month

Multi Family

  • Net Operating Income: 20000
  • Fuel Expense: 2700
  • Insurance Expense: 7000
  • ElectricExpense: 960
  • GrossIncome: 100000
  • Maintenance Expense: 5000
  • NumberOfUnitsTotal: 9
  • OperatingExpense: 25000
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 11139
  • Tax Year: 2023

Map

Range of Values:

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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
11/12/2025 11/12/25 For Sale $1,500,000 -- --
Source: Midwest Real Estate Data (MRED)

Source: Midwest Real Estate Data (MRED)

MLS Number: 12511517

Midwest Real Estate Data (MRED)