$1,725,000

Estimated payment $10,723/month

Total Views 381
-- Bed
-- Bath
9,993 Sq Ft
$173 Price per Sq Ft

About This Home

Exceptional investment opportunity in the heart of Bronzeville! This fully leased 8-unit building features modern residences with desirable floor-plans. Each unit showcases high-end condo-quality finishes, including hardwood flooring throughout, gourmet maple kitchens with granite countertops, and stainless steel appliances. Every unit is equipped with in-unit laundry, central heat/air, private rear decks, plus designated parking in rear. Ideally positioned directly across from Armstrong Park and surrounded by new construction, this property is perfectly suited for investors seeking to start, expand, and/or strengthen their Chicago portfolio. Strong tenant base with upside potential as well as future condo conversion possibilities.

Listing Agent

Michael Scanlon

eXp Realty License #475188240 Listed on: 09/01/2025

eXp Realty

Co-Listing Agent

Jake Fugman

eXp Realty License #475181407

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,101

Year Built

  • Built in 2005

Lot Details

  • 8,694 Sq Ft Lot
  • Lot Dimensions are 69 x 126
  • Additional Parcels

Parking

  • 6 to 12 Parking Spaces

Home Design

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

Interior Spaces

  • 9,993 Sq Ft Home
  • 3-Story Property
  • Fire and Smoke Detector

Utilities

  • Central Heating and Cooling System

Community Details

Overview

  • Association fees include parking
  • 8 Units

Building Details

  • Electric Expense $779
  • Insurance Expense $9,538
  • Maintenance Expense $1,326
  • Manager Expense $8,154
  • Other Expense $1,787
  • Trash Expense $8,271
  • Water Sewer Expense $3,800
  • Operating Expense $50,956
  • Gross Income $187,500
  • Net Operating Income $136,544

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,101

Year Built

Built in 2005

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Condo/Townhouse
  • Stories: 3
  • Year Built: 2005
  • Built Before 1978 (Y/N): No
  • Information: List Broker Must Accompany
  • Estimated Age: 16-25 Years
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Possible Use: Commercial, Multi-Family
  • Fire Protection: Smoke or Fire Protectors
  • Fireplaces: 8
  • Drive-In Doors: 0
  • Dishwashers: 8
  • Refrigerators: 8
  • Ranges: 8
  • Number of Windows: 0
  • Number of Washers: 8
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • List Price: 1725000
  • Roof: Membrane, Rubber
  • Roof Structure: Flat
  • Misc Outside: Balcony/ies,Security Gate

Garage/Parking

  • Outdoor Parking: 6-12 Spaces

Utilities

  • Cooling: Central Air
  • Electric: Other
  • Utilities: Sewer Connected, Water Available
  • Heat/Ventilation: Central Heat/Indiv Controls
  • Leased Washer Dryer YN: No

Condo/Co-op/Association

  • Manager Expense: 8154
  • Owners Association (Y/N): No

Fee Information

  • Association Fee Includes: Parking
  • Trash Expense: 8271
  • Water Sewer Expenses: 3800
  • Janitor Expense: 1200
  • Operating Expense Includes: Gardener,Security,Snow Removal

Lot Info

  • Additional Parcels: Yes
  • Lot Size Acres: 0.07
  • Lot Dimensions: 69 X 126
  • Lot Size Sq Ft: 8694
  • Zoning: MULTI
  • Land Amenities: Curbs and Gutters,Lighting/Exterior,Sidewalks

Rental Info

  • Tenant Pays: Air Conditioning, Electricity, Heat
  • Board Number: 8
  • Tenancy Type: Leases

Building Info

  • BuildingAreaTotal: 9993

Multi Family

  • Net Operating Income: 136544
  • Insurance Expense: 9538
  • ElectricExpense: 779
  • GrossIncome: 187500
  • Maintenance Expense: 1326
  • NumberOfUnitsTotal: 8
  • OperatingExpense: 50956
  • Expense Year: 2024
  • Type Multi-Family: Condo/Townhouse

Tax Info

  • Tax Annual Amount: 16101
  • Tax Year: 2023

Map

Range of Values:

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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 Change Sq Ft Price
09/01/2025 09/01/25 For Sale $1,725,000 +28.4% $173 / Sq Ft
08/31/2018 08/31/18 Sold $1,343,000 -6.4% --
08/17/2018 08/17/18 Price Changed $1,435,000 +2.9% --
08/17/2018 08/17/18 Price Changed $1,395,000 -2.8% --
08/15/2018 08/15/18 For Sale $1,435,000 -- --
Source: Midwest Real Estate Data (MRED)

Source: Midwest Real Estate Data (MRED)

MLS Number: 12460150

Midwest Real Estate Data (MRED)