NOT LISTED FOR SALE
-- Bed
-- Bath
-- Sq Ft
1925 Built

Sale Details

Date Sold: September 25, 2025

Last sale price $660,000

198 Days on Market

About This Home

As of September 2025

Everybody wants Chatham, but only a few properties come up for sale that are in the heart of Chatham between State and King Drive. This 8-unit gem has been owned by one family since 1956. Has spacious units with dining rooms and large kitchens. There are 4 - 2 bedroom units and 4- 1bdrm units. Most units have dining rooms. Not found in the average commercial buildings. This property was built for family living. Has 4 car garage and ample rear yard for those lazy summer outdoor activities. Let's talk... This is a great building for a family or for an investor looking to get maximum return on investment. Cause everybody want to live in a community that shows the pride of ownership. Let's be clear, the current rents do not reflect earning potential because of long term tenants. The heirs have decided to give another owner the experience and pleasure of Chatham ownership. A Quiet block, close to schools, shopping and transportation. This is the heart of Chatham. A great place to raise a family or spend your retirement. No problem getting good tenants in this area. Come and see why Chatham is the most desirable far southside community in Chicago. This is an area with long term tenants and owners where neighbors really know each other. Buyers must be pre-qualified. No offer accepted without lender approval . This is not your typical apartment building. This property has been lovingly cared for by one family for more than sixty years. Roof was recently re-coated as part of regular maintenance program. Got a big family? This building is the answer to a prayer. This could be your ticket to generational wealth building.

Last Agent to Sell the Property

Joyce Gibson

J.A. Gibson & Associates, Ltd. License #471010468 Listed on: 10/19/2024

Last Buyer's Agent

Joyce Gibson

J.A. Gibson & Associates, Ltd. License #471010468 Listed on: 10/19/2024

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,327

Year Built

  • Built in 1925

Lot Details

  • Lot Dimensions are 60x125
  • Corner Lot

Home Design

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

Interior Spaces

  • 2-Story Property
  • Fire Suppression System
  • Unfinished Basement

Utilities

  • No Cooling
  • Central Heating
  • 100 Amp Service

Community Details

Overview

  • 8 Units

Building Details

  • Electric Expense $4,320
  • Fuel Expense $5,700
  • Insurance Expense $4,230
  • Maintenance Expense $2,500
  • Other Expense $3,600
  • Trash Expense $3,600
  • Water Sewer Expense $3,600
  • Operating Expense $25,846
  • Gross Income $49,200
  • Net Operating Income $23,354

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,327

Year Built

Built in 1925

Lot Details

0 Sq Ft Lot

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Corridor-Interior Entrance,Flats
  • Stories: 2
  • Year Built: 1925
  • Built Before 1978 (Y/N): Yes
  • Information: List Broker Must Accompany
  • Estimated Age: Older
  • Actual Status: Closed
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Unfinished
  • Fire Protection: Fire Extinguisher/s
  • Fireplaces: 1
  • Dishwashers: 0
  • Refrigerators: 8
  • Ranges: 8
  • Number of Washers: 1
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Concrete Perimeter
  • Frontage Type: City Street
  • Roof: Rubber
  • Roof Structure: Flat

Garage/Parking

  • Indoor Parking: 1-5 Spaces

Utilities

  • Cooling: None
  • Electric: Circuit Breakers, Service - 101 to 200 Amps
  • Utilities: Sewer Connected
  • Water Source: Municipal Water
  • Heat/Ventilation: Central Bldg Heat

Condo/Co-op/Association

  • Conversion YN: N

Fee Information

  • Trash Expense: 3600
  • Water Sewer Expenses: 3600
  • Operating Expense Includes: Fuel,Insurance,Maintenance,Maintenance Grounds,Maintenance Structure,Pest Control,Snow Removal,Supplies,Trash,Utilities,Water/Sewer,Electricity,Gas,Heat/Cooling,Real Estate Tax,Hot Water

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 60X125
  • Zoning: MULTI
  • Land Amenities: Curbs and Gutters
  • Alternate Phone Number: (773) 703-5067

Rental Info

  • Board Number: 8
  • Tenancy Type: Leases

Building Info

  • Building Unit Info: No Units Furnished,Smoke/Alarm Detector

Multi Family

  • Net Operating Income: 23354
  • Fuel Expense: 5700
  • Insurance Expense: 4230
  • ElectricExpense: 4320
  • GrossIncome: 49200
  • Maintenance Expense: 2500
  • NumberOfUnitsTotal: 8
  • OperatingExpense: 25846
  • Type Multi-Family: Corridor-Interior Entrance,Flats

Tax Info

  • Tax Annual Amount: 9327
  • Tax Year: 2023

Ownership 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 Name Owned For Owner Type

Purchase Details

Listed on
Oct 19, 2024
Closed on
Sep 10, 2025
Sold by
Bought by
Seller's Agent
Joyce Gibson
J.A. Gibson & Associates, Ltd.
Buyer's Agent
Joyce Gibson
J.A. Gibson & Associates, Ltd.
List Price
$665,000
Sold Price
$660,000
Premium/Discount to List
-$5,000
-0.75%
Views
38

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Outstanding Balance
$474,068
Interest Rate
7.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 17, 2022
Sold by
Bought by

Purchase Details

Closed on
Feb 17, 2017
Sold by
Bought by

Purchase Details

Closed on
Jun 15, 2016
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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 Buyer Sale Price Title Company
$650,000 None Listed On Document
-- None Listed On Document
-- First American Title Insuran
-- First American Title Insuran
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 Borrower Loan Amount
Open $500,000
Closed $165,000
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
09/25/2025 09/25/25 Sold $660,000 -0.8% --
05/05/2025 05/05/25 Pending -- -- --
04/07/2025 04/07/25 Price Changed $665,000 0.0% --
04/07/2025 04/07/25 For Sale $665,000 +0.8% --
04/03/2025 04/03/25 Off Market $660,000 -- --
04/02/2025 04/02/25 For Sale $685,000 0.0% --
03/18/2025 03/18/25 Pending -- -- --
12/17/2024 12/17/24 Price Changed $685,000 -2.8% --
10/19/2024 10/19/24 For Sale $705,000 -- --
Source: Midwest Real Estate Data (MRED)

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 $9,327 $63,200 $12,075 $51,125
2024 $9,327 $63,200 $12,075 $51,125
2023 $9,093 $44,208 $5,313 $38,895
2022 $9,093 $44,208 $5,313 $38,895
2021 $8,890 $44,207 $5,313 $38,894
2020 $10,063 $45,173 $5,313 $39,860
2019 $9,076 $45,173 $5,313 $39,860
2018 $8,923 $45,173 $5,313 $39,860
2017 $9,373 $43,539 $4,347 $39,192
2016 $8,720 $43,539 $4,347 $39,192
2015 $7,978 $43,539 $4,347 $39,192
2014 $8,078 $43,539 $4,347 $39,192
2013 $7,919 $43,539 $4,347 $39,192
Source: Public Records

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12192590

Midwest Real Estate Data (MRED)

APN: 20271140330000

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