$1,692,600
$243K PRICE INCREASE

Estimated payment $11,399/month

Total Views 7,745
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

About This Home

Exceptional 2006-built 8-units located in the heart of the rapidly appreciating Bronzeville neighborhood. This well-maintained, elevator building features eight spacious units available with separate utilities, ensuring ease of management and lower operating costs. Investors will appreciate the 8 exterior parking spaces, plus a garage space, offering ample tenant parking-a rare find in the area. Positioned for long-term growth, the property is steps from public transit, major expressways, and minutes to the lakefront, making it highly desirable for tenants. Strong rental income and an 8 cap rate make this an ideal addition to any portfolio.

Listing Agent

Loreal Urso

Baird & Warner License #475168893 Listed on: 05/13/2025

Baird & Warner

Co-Listing Agent

Adam Zagata

Real Broker LLC License #475164308

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $30,057

Year Built

  • Built in 2003

Lot Details

  • Lot Dimensions are 178x69
  • Additional Parcels

Parking

  • 6 to 12 Parking Spaces

Interior Spaces

  • 4-Story Property

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Community Details

Overview

  • 8 Units

Building Details

  • Insurance Expense $4,032
  • Maintenance Expense $5,000
  • Operating Expense $64,981
  • Gross Income $180,000
  • Net Operating Income $106,018

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$30,057

Year Built

Built in 2003

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Condo/Townhouse
  • Stories: 4
  • Year Built: 2003
  • Built Before 1978 (Y/N): No
  • Information: 24-Hr Notice Required
  • Estimated Age: 16-25 Years
  • Actual Status: Active
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Room: 0

Garage/Parking

  • Outdoor Parking: 6-12 Spaces
  • Indoor Parking: 1-5 Spaces

Utilities

  • Heat/Ventilation: Forced Air,Gas

Lot Info

  • Additional Parcels: Yes
  • Lot Dimensions: 178X69

Rental Info

  • Board Number: 8

Multi Family

  • Net Operating Income: 106018
  • Insurance Expense: 4032
  • GrossIncome: 180000
  • Maintenance Expense: 5000
  • NumberOfUnitsTotal: 8
  • OperatingExpense: 64981
  • Type Multi-Family: Condo/Townhouse

Tax Info

  • Tax Annual Amount: 30057
  • Tax Year: 2023

Map

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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 List to Sale Price per Sq Ft
11/02/2025 11/02/25 For Sale $1,692,600 0.0% --
10/28/2025 10/28/25 Off Market $1,692,600 -- --
07/15/2025 07/15/25 Price Changed $1,692,600 +16.7% --
05/13/2025 05/13/25 For Sale $1,450,000 -- --
Source: Midwest Real Estate Data (MRED)

Source: Midwest Real Estate Data (MRED)

MLS Number: 12362899

Midwest Real Estate Data (MRED)