$559,000
PENDING

Estimated payment $3,519/month

Total Views 5,608
8 Beds
4 Baths
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Property is near park
  • Ceiling Fan
  • Pre-Wired for Electric Vehicle Charging
  • Two Heating Systems
  • Paved or Partially Paved Lot

About This Home

Well-maintained 4-unit corner investment property located in the prime Chatham area, offering strong rental income and excellent investment potential. The building is fully tenant-occupied with security deposits and month to month leases, including several long-term tenants. Tenants pay all utilities, including heat, electricity, and cooking gas. Each apartment features a spacious layout, high ceilings, hardwood floors and front and back access. Each apartment opens with a spacious entry foyer leading to a sunny living room facing the front of the building and hosting a decorative fireplace, two generous bedrooms with closet space, fully equipped kitchen and separate formal dining rooms. Enclosed porch area that can be used for storage and office space. Units are equipped with individual forced-air heating systems with assigned furnaces. Recent improvements include newer windows, a newer back porch and newer roof. The property is surrounded by a wrought iron fence and also includes a finished basement with additional space for the owners family. A 2-car parking pad/tandem is conveniently located on the back the building. Property is being sold as-is.

Listing Agent

Diana Varva

Century 21 Circle License #471022830 Listed on: 05/20/2026

Century 21 Circle

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,425

Year Built

  • Built in 1927

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 50x125
  • Paved or Partially Paved Lot

Home Design

  • Brick Exterior Construction
  • Rubber Roof

Interior Spaces

  • Ceiling Fan
  • Carbon Monoxide Detectors

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Potential Bedrooms
  • 4 Bathrooms

Finished Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry

Parking

  • 2 Car Garage
  • Parking Available
  • Pre-Wired for Electric Vehicle Charging
  • Side Facing Garage

Location

  • Property is near park

Utilities

  • Two Heating Systems
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

Overview

  • 4 Units

Building Details

  • Electric Expense $2,640
  • Insurance Expense $4,123
  • Maintenance Expense $6,000
  • Water Sewer Expense $2,280
  • Gross Income $69,900
  • Net Operating Income $54,875

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,425

Year Built

Built in 1927

Lot Details

6,098 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • HabitableResidenceYN: Yes
  • New Construction: No
  • Year Built: 1927
  • Age: 91-100 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Contingent
  • SomePhotosVirtuallyStaged: Yes
  • Special Features: UnderContract
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Finished, Exterior Entry, Full
  • Total Bathrooms: 4
  • Total Bedrooms: 8
  • Other Equipment: CO Detectors, Ceiling Fan(s)
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • Construction Materials: Brick
  • OtherStructures: EV Ready
  • Roof: Rubber
  • Waterfront: No

Garage/Parking

  • Parking Features: EV Ready, Garage Faces Side, Yes
  • ParkingTotal: 2

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air, Sep Heating Systems - 2+
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Community Features: Park, Curbs, Sidewalks, Street Lights, Street Paved

Fee Information

  • Water Sewer Expenses: 2280

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.14
  • Lot Dimensions: 50X125
  • Zoning: MULTI
  • Lot Size: Standard Chicago Lot
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • TenantPays: Electric,Gas,Heat

Multi Family

  • Net Operating Income: 54875
  • Insurance Expense: 4123
  • ElectricExpense: 2640
  • GrossIncome: 69900
  • Maintenance Expense: 6000
  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 5425
  • Tax Year: 2024
  • Tax Exemptions: None

Map

Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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 $3,376 $27,001 $4,688 $22,313
2024 $3,376 $27,001 $4,688 $22,313
2023 $3,291 $16,001 $7,813 $8,188
2022 $3,291 $16,001 $7,813 $8,188
2021 $3,217 $15,999 $7,812 $8,187
2020 $4,223 $18,958 $5,625 $13,333
2019 $4,328 $21,544 $5,625 $15,919
2018 $4,256 $21,544 $5,625 $15,919
2017 $4,706 $21,860 $5,000 $16,860
2016 $4,378 $21,860 $5,000 $16,860
2015 $4,006 $21,860 $5,000 $16,860
2014 $3,297 $20,336 $4,375 $15,961
2013 $3,220 $20,336 $4,375 $15,961
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
07/24/2026 07/24/26 Pending -- -- --
07/23/2026 07/23/26 For Sale $559,000 0.0% --
06/30/2026 06/30/26 Off Market $559,000 -- --
05/27/2026 05/27/26 Pending -- -- --
05/19/2026 05/19/26 For Sale $559,000 +41.9% --
07/08/2022 07/08/22 Sold $394,000 +2.3% $84 / Sq Ft View Prior Sale
04/19/2022 04/19/22 Pending -- -- --
04/03/2022 04/03/22 For Sale $385,000 -- $82 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Purchase 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 Type Sale Price Title Company
Warranty Deed $394,000 First American Title
Deed $112,000 Chicago Title Land Trust Co
Warranty Deed -- None Available
Executors Deed $101,000 --
Source: Public Records

Mortgage 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 Status Loan Amount Loan Type
Open $288,750 New Conventional
Previous Owner $114,750 Commercial
Source: Public Records

Source: Midwest Real Estate Data (MRED)

MLS Number: 12653328

Midwest Real Estate Data (MRED)

APN: 25034040060000

Your Personal Tour Guide

Ask me questions while you tour the home.