$500,000
$425K PRICE DROP

Estimated payment $3,266/month

Total Views 121
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

About This Home

This newly converted 6-unit multifamily property was redeveloped from top to bottom, from the brand-new garden units to the complete tear-off roof replacement. Each unit features 3 bedrooms and 1 bath, engineered hardwood floors in above-ground units, new mechanicals, stainless steel appliances, tenant-paid utilities, and all the necessary amenities including parking and laundry hookups. All redevelopment was completed in accordance with Chicago City Code with permits in 2022. The developer spared no expense on this turnkey investment opportunity. The property is now fully rented and generating approximately $10,000 GMI, offering immediate stabilized cash flow from day one. There's nothing left to do but make it yours and start earning!!!

Listing Agent

Hakeem Sisney

MNK Realty Professionals LLC License #475181707 Listed on: 05/26/2026

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,856

Year Built

  • Built in 1902

Home Design

  • Garden Apartment
  • Flat Roof Shape
  • Brick Exterior Construction
  • Membrane Roofing
  • Rubber Roof

Additional Features

  • 2-Story Property
  • 5,663 Sq Ft Lot
  • Forced Air Heating System

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $840
  • Insurance Expense $7,000
  • Trash Expense $1,320
  • Water Sewer Expense $3,000
  • Operating Expense $20,016
  • Gross Income $132,000
  • Net Operating Income $98,784

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,856

Year Built

Built in 1902

Lot Details

5,663 Sq Ft Lot

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Garden Complex
  • Stories: 2
  • Year Built: 1902
  • Built Before 1978 (Y/N): Yes
  • Information: None
  • Estimated Age: Older
  • Actual Status: Active
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Possible Use: Multi-Family
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Frontage Type: City Street
  • Roof: Membrane, Rubber
  • Roof Structure: Flat

Utilities

  • Heat/Ventilation: Forced Air

Condo/Co-op/Association

  • Conversion YN: Y

Fee Information

  • Trash Expense: 1320
  • Water Sewer Expenses: 3000

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.13
  • Lot Dimensions: 6050
  • Zoning: MULTI
  • Alternate Phone Number: (954) 774-5373

Rental Info

  • Tenant Pays: Air Conditioning, Electricity, Heat
  • Board Number: 10

Multi Family

  • Net Operating Income: 98784
  • Insurance Expense: 7000
  • ElectricExpense: 840
  • GrossIncome: 132000
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 20016
  • Type Multi-Family: Garden Complex

Tax Info

  • Tax Annual Amount: 6856.3
  • Tax Year: 2024

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $2,541 $34,001 $8,773 $25,228
2024 $2,541 $34,001 $8,773 $25,228
2023 $2,477 $12,000 $6,304 $5,696
2022 $2,477 $12,000 $6,304 $5,696
2021 $2,421 $12,000 $6,304 $5,696
2020 $4,826 $21,591 $7,108 $14,483
2019 $4,946 $24,536 $7,108 $17,428
2018 $4,862 $24,536 $7,108 $17,428
2017 $3,210 $24,678 $6,352 $18,326
2016 $3,575 $24,678 $6,352 $18,326
2015 $3,436 $24,678 $6,352 $18,326
2014 $3,406 $23,301 $6,050 $17,251
2013 $3,418 $23,301 $6,050 $17,251
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/13/2026 06/13/26 Price Changed $500,000 -45.9% --
05/26/2026 05/26/26 For Sale $925,000 +516.7% --
07/20/2021 07/20/21 Sold $150,000 +7.2% -- View Prior Sale
05/29/2021 05/29/21 Pending -- -- --
05/13/2021 05/13/21 For Sale $139,900 +27.2% --
06/01/2018 06/01/18 Sold $110,000 -21.4% -- View Prior Sale
04/04/2018 04/04/18 Pending -- -- --
03/30/2018 03/30/18 For Sale $140,000 0.0% --
03/26/2018 03/26/18 Pending -- -- --
03/23/2018 03/23/18 For Sale $140,000 0.0% --
02/27/2018 02/27/18 Pending -- -- --
02/21/2018 02/21/18 Price Changed $140,000 -12.5% --
02/13/2018 02/13/18 Price Changed $160,000 -5.9% --
01/29/2018 01/29/18 For Sale $170,000 -- --
Source: Midwest Real Estate Data (MRED)

Source: Midwest Real Estate Data (MRED)

MLS Number: 12658684

Midwest Real Estate Data (MRED)
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