7250 S Langley Ave Chicago, IL 60619
Park Manor NeighborhoodEstimated payment $2,085/month
About This Home
Position yourself for success with this solid 7-unit brick building, ideally located in Chicago's rapidly growing Greater Grand Crossing neighborhood - just minutes from the new Obama Presidential Library, Metra stations, shopping, and public transportation. This is the kind of high-potential investment opportunity that serious buyers move quickly on. The building consists of six spacious 1-bedroom, 1-bath units and one large 3-bedroom, 1-bath unit, offering an excellent rental mix to attract a variety of tenants. Major improvements have already been taken care of, including a brand-new roof in 2023, new front windows installed in 2020, and three new furnaces added the same year, giving you peace of mind and reducing future maintenance costs. Tenants are responsible for their own gas and electric, while the owner covers water, common gas, and lighting expenses. There is also a detached 2-car garage for added convenience, laundry facilities in the basement, and untapped potential to add an additional unit to further boost your income. Currently, three units are rented while four units are vacant, presenting the perfect scenario for both immediate cash flow and future rent growth after light improvements. Some updating has already been completed, allowing you to step in and tailor the property to maximize returns. This property is being sold as-is and offers a golden opportunity to secure a valuable income-producing asset in an area on the brink of major revitalization. With solid fundamentals, prime location, and endless upside, this is the kind of deal that smart investors recognize - and act on - fast. Don't let this opportunity pass you by. Schedule your showing today and start building your future wealth!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,532
Year Built
- Built in 1888
Lot Details
- 3,472 Sq Ft Lot
- Lot Dimensions are 125x25
Parking
- On-Street Parking
Home Design
- Brick Exterior Construction
Interior Spaces
- 3,660 Sq Ft Home
- 2-Story Property
- Exterior Basement Entry
Utilities
- Forced Air Heating System
- Heating System Uses Gas
Community Details
Overview
- 7 Units
Building Details
- Electric Expense $450
- Fuel Expense $350
- Maintenance Expense $300
- Trash Expense $150
- Water Sewer Expense $575
- Operating Expense $22,800
- Gross Income $67,800
- Net Operating Income $45,000
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/02/2025 10/02/25 | Pending | -- | -- | -- | |
| 07/07/2025 07/07/25 | Price Changed | $354,900 | 0.0% | $97 / Sq Ft | |
| 07/07/2025 07/07/25 | For Sale | $354,900 | -6.6% | $97 / Sq Ft | |
| 06/20/2025 06/20/25 | Pending | -- | -- | -- | |
| 04/27/2025 04/27/25 | For Sale | $380,000 | +192.3% | $104 / Sq Ft | |
| 12/20/2019 12/20/19 | Sold | $130,000 | -27.8% | -- | View Prior Sale |
| 08/11/2019 08/11/19 | Pending | -- | -- | -- | |
| 05/06/2019 05/06/19 | Price Changed | $180,000 | -10.0% | -- | |
| 02/04/2019 02/04/19 | For Sale | $200,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12349032
APN: 20272130410000
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