$900,000
PENDING $98K PRICE DROP

Estimated payment $6,286/month

Total Views 20,752
-- Bed
-- Bath
6,381 Sq Ft
$141 Price per Sq Ft

Highlights

  • Laundry Room
  • Central Heating and Cooling System
  • Hot Water Heating System
  • Storage Room

About This Home

Exceptional Investment Opportunity - Legal 5-Unit Building on an Extra-Wide Lot! Don't miss this rare opportunity to own a legal 5-unit apartment building situated on an oversized 66' x 124' lot in the highly desirable West Ridge neighborhood, just steps from Mather Park and Mather High School. All five apartments are located above grade, providing bright and comfortable living spaces. The building also features a rear addition currently used as a coin-operated laundry room and storage area, offering potential to be converted into an additional unit or other income-producing space (subject to zoning and municipal approval). The expansive lot includes a 2-car garage, 4 additional exterior parking spaces, and a large backyard with plenty of room to add more parking for additional rental income (subject to municipal approval) or create a beautiful outdoor gathering area and garden. Unit Mix: Three east-side units featuring 2 bedrooms + den and 1.5 bathrooms, andTwo west-side units featuring 2 bedrooms and 1.5 bathrooms. Building Features & Updates: Unit 1W features forced-air HVAC. The remaining units are heated by a well-maintained radiator system with window air conditioning units.Six updated electrical panels. Newer Weil-McLain boiler. Two gas meters: one dedicated to Unit 1W and one serving the common areas/building. Utilities: Tenant in Unit 1W pays their own gas and electric. Tenants in the remaining units pay their own electricity for lighting and electric cooking, while heat is provided by the building. The property has been well maintained by the current owner and is occupied by long-term tenants with below-market rents, presenting an outstanding value-add opportunity. A new owner can renovate the units over time, increase rents to market levels, and significantly improve cash flow and long-term returns. Whether you're looking to expand your investment portfolio or acquire a stable, income-producing property with tremendous upside, this West Ridge multifamily building is an opportunity you won't want to miss!

Listing Agent

Ryan Luu

Real People Realty Brokerage Phone: (708) 315-1752 License #471022102 Listed on: 06/27/2026

Real People Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,073

Year Built

  • Built in 1949

Lot Details

  • 8,184 Sq Ft Lot
  • Lot Dimensions are 66x124

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Concrete Perimeter Foundation

Interior Spaces

  • 6,381 Sq Ft Home
  • 3-Story Property
  • Storage Room
  • Laundry Room

Utilities

  • Central Heating and Cooling System
  • Window Unit Cooling System
  • Hot Water Heating System
  • Radiant Heating System
  • Separate Meters
  • 100 Amp Service

Community Details

Overview

  • 5 Units

Building Details

  • Electric Expense $300
  • Fuel Expense $6,000
  • Insurance Expense $5,500
  • Water Sewer Expense $3,600
  • Operating Expense $31,473
  • Gross Income $82,800
  • Net Operating Income $51,327

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,073

Year Built

Built in 1949

Lot Details

8,184 Sq Ft Lot

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Flats
  • Stories: 3
  • Year Built: 1949
  • Built Before 1978 (Y/N): Yes
  • Information: List Broker Must Accompany,Show-Special Instructions
  • Estimated Age: Older
  • Actual Status: Contingent
  • SomePhotosVirtuallyStaged: No
  • Attribution Contact: (708) 315-1752
  • Special Features: UnderContract
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Possible Use: Condominium
  • Fire Protection: Hydrants On Site,Smoke or Fire Protectors
  • Misc Inside: Storage Inside,Laundry Room
  • Fireplaces: 1
  • Refrigerators: 5
  • Ranges: 5
  • Number of Washers: 1
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Concrete Perimeter
  • Frontage Type: City Street
  • Roof Structure: Flat
  • Misc Outside: Courtyard,Patio,Security Lighting,Storms and Screens (as exist)

Garage/Parking

  • Outdoor Parking: 1-5 Spaces,Paved
  • Indoor Parking: 1-5 Spaces,Attached,Detached

Utilities

  • Sewer: Storm Sewer
  • Cooling: Central Air, Window Unit(s)
  • Electric: Separate Meters, Service - 101 to 200 Amps
  • Utilities: Sewer Connected
  • Water Source: Municipal Water
  • Heat/Ventilation: Central Bldg Heat,Hot Water,Radiant
  • Leased Washer Dryer YN: No

Condo/Co-op/Association

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

Fee Information

  • Water Sewer Expenses: 3600

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.19
  • Lot Dimensions: 66X124
  • Lot Size Sq Ft: 8184
  • Zoning: MULTI
  • Land Amenities: Curbs and Gutters,Lighting/Exterior,Sidewalks

Rental Info

  • Tenant Pays: Air Conditioning, Electricity
  • Board Number: 8

Building Info

  • BuildingAreaTotal: 6381

Multi Family

  • Net Operating Income: 51327
  • Fuel Expense: 6000
  • Insurance Expense: 5500
  • ElectricExpense: 300
  • GrossIncome: 82800
  • NumberOfUnitsTotal: 5
  • OperatingExpense: 31473
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 16073
  • 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

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $16,072 $80,000 $30,281 $49,719
2024 $16,072 $80,000 $30,281 $49,719
2023 $17,124 $76,174 $24,552 $51,622
2022 $17,124 $83,257 $24,552 $58,705
2021 $18,013 $89,574 $24,552 $65,022
2020 $11,598 $52,065 $14,731 $37,334
2019 $12,024 $59,845 $14,731 $45,114
2018 $14,585 $73,834 $14,731 $59,103
2017 $16,856 $78,300 $13,094 $65,206
2016 $15,683 $78,300 $13,094 $65,206
2015 $14,348 $78,300 $13,094 $65,206
2014 $13,359 $74,572 $12,276 $62,296
2013 $13,085 $74,572 $12,276 $62,296
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/28/2026 07/28/26 Pending -- -- --
07/15/2026 07/15/26 Price Changed $900,000 -9.8% $141 / Sq Ft
06/27/2026 06/27/26 For Sale $998,000 -- $156 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Warranty Deed $560,000 Cti
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Closed $250,000 Commercial
Source: Public Records

About the Listing Agent

Ryan Luu

Real People Realty

(872) 316-8589

Section Image

My name is Ryan. I am a local realtor here in Chicagoland and the surrounding suburbs. I have resided in Illinois since 2010. I have lived in several cities Addison, Aurora, Naperville, and resided in Chicago since 2013. I have been licensed as a realtor since December 2018. The purpose I took a real estate class was to learn more knowledge about houses for my own purchase. When I got my license, I helped my aunts and uncles with their investment properties in my first year. With those couple

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Source: Midwest Real Estate Data (MRED)

MLS Number: 12690087

Midwest Real Estate Data (MRED)

APN: 13011290480000

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