$505,000
PENDING $20K PRICE DROP

Estimated payment $3,305/month

Total Views 9,226
6 Beds
4 Baths
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Property is near a park
  • Space Heater
  • 3-minute walk to Park No. 571
  • Patio
  • Paved or Partially Paved Lot

About This Home

Attention investors and house hackers, come see this rare 4-unit in Bridgeport! The building is fully rented with three leases expiring between October and December 2025 while the Unit 2R lease is currently month-to-month to accommodate an owner occupant. The building is generating strong rental income but there is opportunity to add value and raise the rents further! The owner has made several improvements within the last few years - see property notes for detail. Full unfinished basement and attic. Close to Orange Line stop on Ashland, easy access to I-55, and less than a 10 minute drive from Guaranteed Rate Field. The building is well-maintained and presents a great investment opportunity! Building needs some TLC and is sold AS IS.

Listing Agent

Michael Scanlon

eXp Realty License #475188240 Listed on: 04/08/2025

eXp Realty

Co-Listing Agent

Paul deLuca

eXp Realty License #475190985

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,908

Year Built

  • Built in 1876

Lot Details

  • 2,178 Sq Ft Lot
  • Lot Dimensions are 24 x 112
  • Paved or Partially Paved Lot

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 4 Bathrooms

Utilities

  • Space Heater
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Additional Features

  • Basement Fills Entire Space Under The House
  • Patio
  • Property is near a park

Community Details

Overview

  • 4 Units

Building Details

  • Electric Expense $27
  • Fuel Expense $62
  • Insurance Expense $4,884
  • Manager Expense $4,455
  • Professional Management Expense $1,180
  • Water Sewer Expense $1,908

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,908

Year Built

Built in 1876

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Professional Management Expense: 1180
  • Year Built: 1876
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Special Features: UnderContract
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Unfinished, Full
  • Total Bathrooms: 4
  • Total Bedrooms: 6
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 4
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • AppliancesAndFeatures: Stove,Refrigerator
  • Room: 4

Exterior Features

  • Construction Materials: Frame
  • List Price: 505000
  • Patio And Porch Features: Patio
  • Waterfront: No

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Space Heater
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Manager Expense: 4455
  • Community Features: Park, Sidewalks, Street Lights, Street Paved

Fee Information

  • Water Sewer Expenses: 1908

Schools

  • Middle/Junior School District: 299

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.05
  • Lot Dimensions: 24 X 112
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • TenantPays: Electric,Gas

Multi Family

  • Fuel Expense: 62
  • Insurance Expense: 4884
  • ElectricExpense: 27
  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 5907.7
  • Tax Year: 2023
  • Tax Exemptions: None

Map

Range of Values:

Collateral Analytics

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Average Value
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List Price
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
06/10/2025 06/10/25 Pending -- -- --
05/26/2025 05/26/25 Price Changed $505,000 -1.9% --
05/12/2025 05/12/25 Price Changed $515,000 -1.9% --
04/08/2025 04/08/25 For Sale $525,000 +19.7% --
03/11/2022 03/11/22 Sold $438,500 -7.7% $176 / Sq Ft
02/07/2022 02/07/22 Pending -- -- --
01/15/2022 01/15/22 For Sale $475,000 -- $191 / Sq Ft
Source: Midwest Real Estate Data (MRED)

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Source: Midwest Real Estate Data (MRED)

MLS Number: 12331261

Midwest Real Estate Data (MRED)

APN: 17293100320000