$2,800,000

Estimated payment $15,911/month

-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • 11,250 Sq Ft lot
  • Laundry Room
  • Forced Air Heating System
  • Corner Lot

About This Home

Outstanding, turnkey, previously fully rehabbed, fully rented, Garfield Park 18-unit apartment building in prime location with 8.0% cap rate on 75x150 foot corner lot with RT-4 zoning. Building consists of 6 three-bedroom and 12 two-bedroom apartments. All apartments have been remodeled with modern kitchens and bathrooms. Hardwood floors throughout living area and bedrooms. 800 Amp electrical service! Water heaters replaced in 2023. Easy street parking. Fantastic location is close to Tilton Elementary School, Garfield Park Conservatory, ponds, gardens, and athletic facilities, Pulaski CTA Green & Blue Line stops, and 290 Expressway. Five miles to Chicago Loop. Each unit has its own individual gas forced air furnace. Tenants pay for electric and heat. Cashless laundry on site provides additional income. Located within an opportunity zone. AHSAP 35% reduced tax status.

Listing Agent

Mike Frank

Keller Williams Preferred Realty License #475129769 Listed on: 03/19/2026

Keller Williams Preferred Realty

Co-Listing Agent

James Frank

Keller Williams Preferred Realty License #475160546

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,198

Year Built

  • Built in 1901

Lot Details

  • 0.26 Acre Lot
  • Lot Dimensions are 75x150
  • Corner Lot

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 3-Story Property
  • Laundry Room
  • Unfinished Basement

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas
  • 200+ Amp Service

Community Details

Overview

  • 18 Units

Building Details

  • Electric Expense $1,920
  • Fuel Expense $7,190
  • Insurance Expense $16,065
  • Maintenance Expense $13,558
  • Manager Expense $15,889
  • Other Expense $11,722
  • Trash Expense $3,842
  • Water Sewer Expense $8,937
  • Operating Expense $93,321
  • Gross Income $313,008
  • Net Operating Income $224,455

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,198

Year Built

Built in 1901

Lot Details

0.26 Acres

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Flats
  • Stories: 3
  • Year Built: 1901
  • Built Before 1978 (Y/N): Yes
  • Information: 48-Hr Notice Required
  • Estimated Age: Older
  • Actual Status: New
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Unfinished
  • Fire Protection: Other
  • Misc Inside: Laundry Room
  • Fireplaces: 2
  • Drive-In Doors: 0
  • Dishwashers: 0
  • Refrigerators: 18
  • Ranges: 18
  • Number of Washers: 2
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Frontage Type: City Street

Utilities

  • Sewer: Storm Sewer
  • Cooling: None
  • Electric: Circuit Breakers, Over 600 Amps
  • Water Source: Municipal Water
  • Heat/Ventilation: Forced Air,Gas
  • Leased Washer Dryer YN: No

Condo/Co-op/Association

  • Manager Expense: 15889
  • Unincorporated (Y/N): No
  • Conversion YN: N
  • Owners Association (Y/N): No

Fee Information

  • Trash Expense: 3842
  • Water Sewer Expenses: 8937
  • Operating Expense Includes: Staff

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 75x150
  • Lot Size Sq Ft: 11250
  • Zoning: MULTI

Rental Info

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

Building Info

  • Building Unit Info: No Units Furnished

Multi Family

  • Net Operating Income: 224455
  • Fuel Expense: 7190
  • Insurance Expense: 16065
  • ElectricExpense: 1920
  • GrossIncome: 313008
  • Maintenance Expense: 13558
  • NumberOfUnitsTotal: 18
  • OperatingExpense: 93321
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 14198.03
  • 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

Property History

Date Event Price List to Sale Price per Sq Ft
03/19/2026 03/19/26 For Sale $2,800,000 -- --
Source: Midwest Real Estate Data (MRED)

Source: Midwest Real Estate Data (MRED)

MLS Number: 12590368

Midwest Real Estate Data (MRED)
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