$1,095,000

Estimated payment $6,521/month

Total Views 551
-- Bed
-- Bath
7,548 Sq Ft
$145 Price per Sq Ft

About This Home

Prime 8-Unit Income Property in Woodlawn just steps from University of Chicago. Invest in one of Woodlawn's most desirable locations with this well-maintained 8-unit building, just three blocks from the University of Chicago Hospital and approximately one mile from the Obama Presidential Center. Strong, consistent rental demand makes this an exceptional income-generating opportunity. The property features six spacious 3-bedroom/1-bath units and two 2-bedroom/1-bath units, appealing to a wide range of tenants. Fully renovated down to the studs 30 years ago and meticulously maintained by long-term ownership. The building offers a hassle-free investment with tenants responsible for their own gas and electricity. Each unit can be easily converted to include in-unit laundry, as a drain, gas line, hot and cold water connections, and a dryer vent are already in place, allowing for straightforward installation. The property has no lead pipes with new sewage lines installed in December 2023. Additional highlights include a spacious, fenced concrete backyard with handicap-accessible ramps. The backyard can also be easily converted into multiple parking spaces. This is a rare opportunity to acquire a stable, income-producing property in a rapidly appreciating Woodlawn neighborhood.

Listing Agent

Christina Horne

Chicagoland Realty & Associates Inc License #471005792 Listed on: 02/08/2026

Co-Listing Agent

Tasha Truong

Chicagoland Realty & Associates Inc License #475210264

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,883

Year Built

  • Built in 1899

Lot Details

  • 6,000 Sq Ft Lot
  • Additional Parcels

Home Design

  • Brick Exterior Construction
  • Stone Siding

Interior Spaces

  • 7,548 Sq Ft Home
  • 3-Story Property
  • Finished Basement

Utilities

  • Central Heating
  • 100 Amp Service

Community Details

Overview

  • 8 Units

Building Details

  • Electric Expense $576
  • Fuel Expense $1,610
  • Insurance Expense $5,700
  • Trash Expense $1,903
  • Water Sewer Expense $5,400
  • Operating Expense $26,716
  • Gross Income $102,300
  • Net Operating Income $87,383

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,883

Year Built

Built in 1899

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Flats
  • Stories: 3
  • Year Built: 1899
  • Built Before 1978 (Y/N): Yes
  • New Construction Y/N: No
  • Information: List Broker Must Accompany
  • Estimated Age: 26-35 Years
  • Actual Status: New
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Finished
  • Fireplaces: 2
  • Drive-In Doors: 0
  • Dishwashers: 0
  • Refrigerators: 8
  • Ranges: 8
  • Number of Washers: 2
  • Room: 0

Exterior Features

  • Construction Materials: Brick, Stone
  • Frontage Type: City Street

Garage/Parking

  • Outdoor Parking: None On Site

Utilities

  • Electric: Circuit Breakers, Service - 0 to 100 Amps
  • Utilities: Sewer Connected
  • Water Source: Municipal Water
  • Heat/Ventilation: Central Heat/Indiv Controls
  • Leased Washer Dryer YN: No

Condo/Co-op/Association

  • Unincorporated (Y/N): No
  • Owners Association (Y/N): No

Fee Information

  • Trash Expense: 1903
  • Water Sewer Expenses: 5400

Lot Info

  • Additional Parcels: Yes
  • Lot Dimensions: 50x118x50x118 & 25x118x25x118
  • Lot Size Sq Ft: 6000
  • Zoning: MULTI

Rental Info

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

Building Info

  • BuildingAreaTotal: 7548

Multi Family

  • Net Operating Income: 87383
  • Fuel Expense: 1610
  • Insurance Expense: 5700
  • ElectricExpense: 576
  • GrossIncome: 102300
  • NumberOfUnitsTotal: 8
  • OperatingExpense: 26716
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 9883
  • Tax Year: 2024

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

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 $4,943 $49,014 $7,500 $41,514
2024 $4,943 $49,014 $7,500 $41,514
2023 $4,818 $23,351 $7,500 $15,851
2022 $4,818 $23,351 $7,500 $15,851
2021 $4,710 $23,351 $7,500 $15,851
2020 $4,237 $19,021 $7,500 $11,521
2019 $4,343 $21,615 $7,500 $14,115
2018 $4,585 $23,211 $7,500 $15,711
2017 $6,421 $29,827 $6,600 $23,227
2016 $5,974 $29,827 $6,600 $23,227
2015 $5,466 $29,827 $6,600 $23,227
2014 $4,853 $26,157 $5,400 $20,757
2013 $6,034 $33,177 $5,400 $27,777
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/11/2026 02/11/26 For Sale $1,095,000 -- $145 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Source: Midwest Real Estate Data (MRED)

MLS Number: 12546266

Midwest Real Estate Data (MRED)

APN: 20154060050000