$1,350,000

Estimated payment $8,701/month

Total Views 7,078
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

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

Melinda Jordan

Jameson Sotheby's Intl Realty Brokerage Phone: (404) 408-9956 License #475153530 Listed on: 03/07/2025

Jameson Sotheby's Intl Realty

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,190

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Condominium, Non Conforming
  • Property Sub-Type: Condo/Townhouse
  • Stories: 3
  • Year Built: 1929
  • Built Before 1978 (Y/N): Yes
  • Information: 24-Hr Notice Required,No Sign on Property
  • Estimated Age: Older
  • Actual Status: Active
  • SomePhotosVirtuallyStaged: No
  • Attribution Contact: (404) 408-9956
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Unfinished
  • Fireplaces: 6
  • Possible Use: Condominium
  • Fireplaces: 6
  • Drive-In Doors: 0
  • Dishwashers: 6
  • Refrigerators: 6
  • Ranges: 6
  • Number of Washers: 6
  • Room: 0

Exterior Features

  • Construction Materials: Brick, Stone
  • Foundation Details: Concrete Perimeter, Stone, Other
  • Frontage Type: City Street, Alley Access
  • Roof: Rubber
  • Roof Structure: Flat
  • Misc Outside: Balcony/ies,Enclosed Stairs

Utilities

  • Cooling: Central Air
  • Electric: Circuit Breakers, Service - 0 to 100 Amps
  • Water Source: Municipal Water
  • Heat/Ventilation: Individual Furnaces

Condo/Co-op/Association

  • Manager Expense: 3576
  • Unincorporated (Y/N): No
  • Conversion YN: Y
  • Owners Association (Y/N): Yes

Fee Information

  • Association Fee Includes: Water, Insurance, Lawn Care, Scavenger, Snow Removal, Other

Lot Info

  • Additional Parcels: Yes
  • Lot Dimensions: 50 X 75
  • Zoning: OTHER
  • Land Amenities: Curbs and Gutters,Sidewalks,Other

Rental Info

  • Tenant Pays: Electricity, Heat
  • Board Number: 8
  • Tenancy Type: Leases,Month To Month

Building Info

  • Building Unit Info: Smoke/Alarm Detector,Some Units Furnished

Multi Family

  • Net Operating Income: 134730
  • Insurance Expense: 1704
  • GrossIncome: 163800
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 8880
  • Type Multi-Family: Condo/Townhouse

Tax Info

  • Tax Annual Amount: 20190
  • Tax Year: 2023

Map

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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
03/07/2025 03/07/25 For Sale $1,350,000 -- --
Source: Midwest Real Estate Data (MRED)

Source: Midwest Real Estate Data (MRED)

MLS Number: 12306217

Midwest Real Estate Data (MRED)