$465,000
$35K PRICE DROP

Estimated payment $2,793/month

Total Views 2,459
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

About This Home

We're excited to present a rare investment opportunity: a well-maintained 6-unit commercial property located at 7304 S Union. This brick building offers timeless curb appeal, featuring a secure gated entrance and a welcoming foyer that sets the tone for quality throughout. Ideal for seasoned or aspiring investors, this property is competitively priced and full of potential to generate strong rental income. Opportunities like this are few and far between-don't let it slip by. Property is being sold as-is. Contact us today to learn more or schedule a private tour.

Listing Agent

Anna Comer

HomeSmart Realty Group License #475169811 Listed on: 05/26/2025

HomeSmart Realty Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,165

Year Built

  • Built in 1916

Interior Spaces

  • 3-Story Property

Utilities

  • No Cooling
  • Radiator

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $388
  • Fuel Expense $7,320
  • Insurance Expense $8,186
  • Water Sewer Expense $6,600
  • Operating Expense $17,085
  • Gross Income $85,500
  • Net Operating Income $68,415

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,165

Year Built

Built in 1916

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Corridor-Interior Entrance
  • Stories: 3
  • Year Built: 1916
  • Built Before 1978 (Y/N): Yes
  • Information: 24-Hr Notice Required
  • Estimated Age: Older
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Refrigerators: 6
  • Ranges: 6
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • List Price: 465000

Utilities

  • Cooling: None
  • Electric: Circuit Breakers
  • Heat/Ventilation: Radiators

Fee Information

  • Water Sewer Expenses: 6600
  • Janitor Expense: 1500

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 5000
  • Alternate Phone Number: (312) 379-9664

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 8

Multi Family

  • Net Operating Income: 68415
  • Fuel Expense: 7320
  • Insurance Expense: 8186
  • ElectricExpense: 388
  • GrossIncome: 85500
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 17085
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 3164.89
  • Tax Year: 2023

Map

Range of Values:

Collateral Analytics

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ICE

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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
08/27/2025 08/27/25 For Sale $465,000 0.0% --
08/11/2025 08/11/25 Pending -- -- --
07/26/2025 07/26/25 Price Changed $465,000 -4.1% --
06/25/2025 06/25/25 Price Changed $485,000 -3.0% --
05/26/2025 05/26/25 For Sale $500,000 +47.1% --
12/08/2023 12/08/23 Sold $340,000 0.0% $43 / Sq Ft
12/01/2023 12/01/23 Off Market $340,000 -- --
10/25/2023 10/25/23 Pending -- -- --
10/06/2023 10/06/23 For Sale $319,900 -- $40 / Sq Ft
Source: Midwest Real Estate Data (MRED)

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Source: Midwest Real Estate Data (MRED)

MLS Number: 12375382

Midwest Real Estate Data (MRED)

APN: 20281140170000