Seller's Agent in 2025
Janina Farr
Coldwell Banker Realty
(773) 915-3900
3 in this area
47 Total Sales
2537 E 83rd St Chicago, IL 60617
South Chicago Neighborhood
--
Bed
--
Bath
10,980
Sq Ft
10,890
Sq Ft Lot
Highlights
- 0.25 Acre Lot
- Courtyard
- Floor Furnace
- Corner Lot
- Baseboard Heating
- Walk-Up Access
About This Home
As of November 2025Located in the South Chicago area, this impressive 13-unit California-style building presents a rare opportunity to build significant equity. Each unit offers 1/BED 1 BATH, a separate living and dining room, and a spacious kitchen. While all units require a FULL renovation, upgrading the units with stainless steel appliances, in-unit laundry, and modern fixtures could greatly enhance rental potential to $1200 per unit. Once fully stabilized, the property offers forecasted rental income of $15,600 per month ($187,200 annually). The property features a BRAND-NEW steel porch approved by the City of Chicago in July 2025. There's Additional parking alongside the building. Currently, only 4 of the 13 units are rented. This is a prime opportunity for an investor looking to unlock long-term income in a rapidly evolving location. The building is close to grocery stores, U.S. 41, and public transportation making it highly attractive for future tenants. Property is being sold AS-IS.
Last Agent to Sell the Property
Coldwell Banker Realty License #475119631 Listed on: 09/28/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,481
Year Built
- Built in 1967
Lot Details
- 10,980 Sq Ft Lot
- Lot Dimensions are 122x90
- Corner Lot
Parking
- 6 to 12 Parking Spaces
Home Design
- Flat Roof Shape
- Brick Exterior Construction
- Rubber Roof
- Concrete Perimeter Foundation
Interior Spaces
- 10,980 Sq Ft Home
- 2-Story Property
- Walk-Up Access
Outdoor Features
- Courtyard
Utilities
- Window Unit Cooling System
- Floor Furnace
- Radiator
- Baseboard Heating
- Radiant Heating System
Community Details
- 13 Units
- Gross Income $15,600
Listing and Financial Details
- Tenant pays for electricity
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/25/2025 11/25/25 | Sold | $539,900 | 0.0% | $49 / Sq Ft |
| 09/30/2025 09/30/25 | Pending | -- | -- | -- |
| 09/28/2025 09/28/25 | For Sale | $539,900 | -- | $49 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
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 | $9,481 | $66,500 | $10,980 | $55,520 |
| 2024 | $9,481 | $66,500 | $10,980 | $55,520 |
| 2023 | $9,243 | $44,939 | $9,882 | $35,057 |
| 2022 | $9,243 | $44,939 | $9,882 | $35,057 |
| 2021 | $9,037 | $44,938 | $9,882 | $35,056 |
| 2020 | $12,062 | $54,145 | $9,882 | $44,263 |
| 2019 | $10,878 | $54,145 | $9,882 | $44,263 |
| 2018 | $10,695 | $54,145 | $9,882 | $44,263 |
| 2017 | $11,317 | $52,569 | $8,235 | $44,334 |
| 2016 | $10,529 | $52,569 | $8,235 | $44,334 |
| 2015 | $9,633 | $52,569 | $8,235 | $44,334 |
| 2014 | $9,681 | $52,178 | $8,235 | $43,943 |
| 2013 | $9,490 | $52,178 | $8,235 | $43,943 |
Source: Public Records
Agents Affiliated with this Home
-
Janina Farr
-
Kathy OBrien
Buyer's Agent in 2025
Kathy OBrien
eXp Realty
(847) 331-3775
2 in this area
24 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12475012
APN: 21313030540000
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Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID
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