350 E 50th St Chicago, IL 60615
Grand Boulevard NeighborhoodEstimated payment $8,701/month
Highlights
- Property is near public transit
- 3-minute walk to 51St Street Station
- Central Air
- 6 Fireplaces
- Corner Lot
- Floor Furnace
About This Home
Investor Opportunity in Historic Bronzeville | 6 Fully Rehabbed Luxury Condos with a solid Cap Rate. Rare chance to own a stabilized, income-producing portfolio of six (6) individual 2BD/2.5BA condos within a 15-unit building-each with its own PIN. The units feature modern, open floor plans with high-end finishes, stainless steel appliances, in-unit laundry, and central air. Located near Hyde Park, University of Chicago, Rush Medical, and the lakefront. Ideal for long-term hold or individual resale. Capitalize on Chicago's surging South Side market with this plug-and-play investment.
Listing Agent
Jameson Sotheby's Intl Realty Brokerage Phone: (404) 408-9956 License #475153530 Listed on: 03/07/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $20,190
Year Built
- Built in 1929
Lot Details
- Lot Dimensions are 50 x 75
- Property fronts an alley
- Corner Lot
- Additional Parcels
Home Design
- Flat Roof Shape
- Brick Exterior Construction
- Stone Foundation
- Rubber Roof
- Stone Siding
- Concrete Perimeter Foundation
Interior Spaces
- 3-Story Property
- 6 Fireplaces
- Unfinished Basement
Location
- Property is near public transit
Utilities
- Central Air
- Floor Furnace
- 100 Amp Service
Community Details
Overview
- Association fees include water, insurance, lawn care, scavenger, snow removal
- 6 Units
Building Details
- Insurance Expense $1,704
- Manager Expense $3,576
- Other Expense $1,800
- Operating Expense $8,880
- Gross Income $163,800
- Net Operating Income $134,730
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/07/2025 03/07/25 | For Sale | $1,350,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12306217
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