460 W 28th Place Chicago, IL 60616
Bridgeport NeighborhoodEstimated payment $7,895/month
About This Home
This well-maintained brick 6-unit building presents a compelling investment opportunity featuring a desirable unit mix of two (2) 2-bedroom / 2-bath apartments, two (2) 2 Bedroom/1 -Bath Units and two (2) 1-bedroom / 1-bath units. The property offers apartment-quality updates throughout, including modern kitchens and baths, stainless steel appliances, and contemporary range hoods that appeal to today's renters. Interiors are thoughtfully improved while maintaining operational efficiency, creating strong in-place tenancy and long-term rental stability. The building includes shared laundry facilities in the rear lower level, offering free on-site laundry as a valuable tenant amenity, along with bundled utilities including water, sewer, trash, and Wi-Fi to simplify management and enhance leasing appeal. A two-car garage provides additional income potential and convenience for residents. With its solid brick construction, updated interiors, and tenant-friendly amenities, this asset delivers a balanced combination of durability, modern finishes, and steady cash flow potential.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,657
Year Built
- Built in 1899
Lot Details
- 3,125 Sq Ft Lot
- Lot Dimensions are 25x125
Home Design
- Flat Roof Shape
- Brick Exterior Construction
- Rubber Roof
Interior Spaces
- 3,960 Sq Ft Home
- 3-Story Property
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Gas
- Separate Meters
Community Details
Overview
- 6 Units
Building Details
- Operating Expense $34,520
- Gross Income $131,568
- Net Operating Income $90,468
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| 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 | $11,182 | $63,000 | $17,031 | $45,969 |
| 2024 | $11,182 | $63,000 | $17,031 | $45,969 |
| 2023 | $10,901 | $53,000 | $13,750 | $39,250 |
| 2022 | $10,901 | $53,000 | $13,750 | $39,250 |
| 2021 | $10,658 | $53,000 | $13,750 | $39,250 |
| 2020 | $9,013 | $40,460 | $13,750 | $26,710 |
| 2019 | $9,344 | $46,506 | $13,750 | $32,756 |
| 2018 | $9,186 | $46,506 | $13,750 | $32,756 |
| 2017 | $7,469 | $34,697 | $10,937 | $23,760 |
| 2016 | $6,449 | $34,697 | $10,937 | $23,760 |
| 2015 | $7,020 | $40,932 | $10,937 | $29,995 |
| 2014 | $6,203 | $36,002 | $9,375 | $26,627 |
| 2013 | $6,070 | $36,002 | $9,375 | $26,627 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/07/2026 04/07/26 | For Sale | $1,299,000 | +216.8% | $328 / Sq Ft | |
| 06/25/2016 06/25/16 | Sold | $410,000 | -3.5% | -- | View Prior Sale |
| 12/20/2015 12/20/15 | Pending | -- | -- | -- | |
| 10/27/2015 10/27/15 | For Sale | $425,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12611934
APN: 17283140250000
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