$600,000

Estimated payment $4,091/month

Total Views 46,365
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

About This Home

Prime Washington Park development opportunity offering scale, flexibility, and park-front exposure. Zoned RM-5, this property features an approximately 8,000 sq ft main building plus a coach house with three on-site garage spaces, presenting potential for 6-9 residential units (buyer to verify). The main building is fully gutted and ready for redevelopment, with bright garden-level units and first-, second-, and third-floor units overlooking Washington Park-a strong draw for future tenants. Architectural plans for a 6 unit configuration are available, and the seller is willing to share plans with qualified buyers. Surrounded by ongoing new construction and redevelopment, this is an excellent opportunity for developers or investors seeking a value-add or repositioning project in a growing corridor with convenient access to transportation and neighborhood amenities. Sold as-is.

Listing Agent

Rafay Qamar

Real Broker LLC Brokerage Phone: (773) 516-1111 License #475158420 Listed on: 02/13/2026

Real Broker LLC

Co-Listing Agent

Nemanja Nikolic

Real Broker LLC Brokerage Phone: (773) 516-1111 License #475212961

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,696

Year Built

  • Built in 1894

Home Design

  • Brick Exterior Construction

Additional Features

  • 4-Story Property
  • Lot Dimensions are 42.5 x 177.25

Community Details

  • 5 Units
  • Operating Expense $11,695

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,696

Year Built

Built in 1894

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Other
  • Stories: 4
  • Year Built: 1894
  • Built Before 1978 (Y/N): Yes
  • Information: None
  • Estimated Age: Older
  • Actual Status: New
  • SomePhotosVirtuallyStaged: No
  • Attribution Contact: (773) 516-1111
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Room: 0

Exterior Features

  • Construction Materials: Brick

Utilities

  • Heat/Ventilation: None

Condo/Co-op/Association

  • Unincorporated (Y/N): No

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 42.5 X 177.25
  • Zoning: MULTI

Rental Info

  • Board Number: 2

Multi Family

  • NumberOfUnitsTotal: 5
  • OperatingExpense: 11695
  • Type Multi-Family: Other

Tax Info

  • Tax Annual Amount: 11695.57
  • Tax Year: 2023

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $7,426 $58,001 $26,478 $31,523
2024 $7,426 $58,001 $26,478 $31,523
2023 $7,238 $35,081 $26,478 $8,603
2022 $7,238 $35,081 $26,478 $8,603
2021 $7,664 $37,999 $26,477 $11,522
2020 $6,386 $28,668 $12,860 $15,808
2019 $6,545 $32,578 $12,860 $19,718
2018 $6,435 $32,578 $12,860 $19,718
2017 $6,409 $29,772 $10,591 $19,181
2016 $5,963 $29,772 $10,591 $19,181
2015 $5,456 $29,772 $10,591 $19,181
2014 $4,554 $24,545 $9,078 $15,467
2013 $4,464 $24,545 $9,078 $15,467
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/13/2026 02/13/26 For Sale $600,000 -- --
Source: Midwest Real Estate Data (MRED)

About the Listing Agent

Rafay Qamar

Real Broker LLC

(872) 239-3336

Section Image

Rafay Qamar is the founder of Qamar Group at REAL Broker and one of the Midwest’s most trusted names in real estate. If you want a fierce negotiator, a trusted strategist, and someone who will outwork the competition to get you the absolute best deal, then welcome—you’ve found your closer.

With over $750 million in closed volume and 2,600+ transactions under my belt, I’ve built a reputation for turning complex deals into winning outcomes for my clients. Whether you’re buying, selling,

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Source: Midwest Real Estate Data (MRED)

MLS Number: 12568039

Midwest Real Estate Data (MRED)