$730,000
PENDING

Estimated payment $4,812/month

Total Views 3,483
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Corner Lot
  • Central Heating
  • Heating System Uses Steam
  • Courtyard

About This Home

Exceptional Investment Opportunity in the heart of Chicago Lawn. This solid brick multi-family building offers 10 spacious units plus full unfinished basement. Property consist of 8-1 Bedroom units, 1-2 Bedroom unit, 1 Studio unit. 9 units has radiator heat. 1 unit has individual heat. New tear off roof in 2020. Newer boiler in 2024. Most units were updated in the last 5 years. Outside, enjoy a large backyard with a parking pad, perfect for added tenant value. With strong rental demand in the area and upside in rents, this is a must see for any investor. Prime location just minutes from public transportation, school, shopping, and Marquette Park. PROPERTY WILL BE SOLD "AS IS".

Listing Agent

Jimmy Li

Chi Real Estate Group LLC Listed on: 06/23/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,105

Year Built

  • Built in 1925

Lot Details

  • Lot Dimensions are 50 x 125
  • Corner Lot

Home Design

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

Interior Spaces

  • 2-Story Property
  • Exterior Basement Entry

Outdoor Features

  • Courtyard

Utilities

  • No Cooling
  • Central Heating
  • Radiator
  • Heating System Uses Steam

Community Details

Overview

  • 10 Units

Building Details

  • Electric Expense $720
  • Fuel Expense $6,000
  • Insurance Expense $6,600
  • Maintenance Expense $5,000
  • Trash Expense $2,400
  • Water Sewer Expense $5,500
  • Operating Expense $22,000
  • Gross Income $8,310
  • Net Operating Income $63,396

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,105

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Corridor-Exterior Entrance,Courtyard
  • Stories: 2
  • Year Built: 1925
  • Built Before 1978 (Y/N): Yes
  • Information: 48-Hr Notice Required
  • Estimated Age: Older
  • Special Features: UnderContract
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Unfinished
  • Fireplaces: 0
  • Dishwashers: 0
  • Refrigerators: 10
  • Ranges: 10
  • Number of Washers: 0
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Brick/Mortar, Concrete Perimeter
  • List Price: 730000
  • Roof: Membrane
  • Roof Structure: Flat
  • Misc Outside: Courtyard

Utilities

  • Cooling: None
  • Electric: Circuit Breakers
  • Heat/Ventilation: Central Heat/Indiv Controls,Radiators,Steam

Condo/Co-op/Association

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

Fee Information

  • Trash Expense: 2400
  • Water Sewer Expenses: 5500
  • Janitor Expense: 0

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 50 X 125
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 8

Multi Family

  • Net Operating Income: 63396
  • Fuel Expense: 6000
  • Insurance Expense: 6600
  • ElectricExpense: 720
  • GrossIncome: 8310
  • Maintenance Expense: 5000
  • NumberOfUnitsTotal: 10
  • OperatingExpense: 22000
  • Type Multi-Family: Corridor-Exterior Entrance,Courtyard

Tax Info

  • Tax Annual Amount: 10104.56
  • Tax Year: 2023

Map

Range of Values:

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Average Value
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List Price
Sold Price
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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 Change Sq Ft Price
07/23/2025 07/23/25 Pending -- -- --
06/23/2025 06/23/25 For Sale $730,000 +114.7% --
08/31/2020 08/31/20 Sold $340,000 -11.7% --
06/26/2020 06/26/20 Pending -- -- --
06/16/2020 06/16/20 For Sale $385,000 -- --
Source: Midwest Real Estate Data (MRED)

Similar Home in Chicago, IL

Source: Midwest Real Estate Data (MRED)

MLS Number: 12401475

Midwest Real Estate Data (MRED)

APN: 19241250010000