$625,000

Estimated payment $3,997/month

Total Views 272
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

About This Home

Stunning 8-Unit Gem in South Shore! Just a few blocks from beautiful Lake Michigan, this fully occupied 8-unit building offers an incredible opportunity in one of Chicago's most vibrant neighborhoods. Featuring all-new electric, plumbing, and HVAC, plus a newer roof with skylight and two brand-new rear porches. All city violations have been cleared and title is clean.Each unit showcases spacious layouts with hardwood floors, ceramic tile kitchens and baths, and fire-rated unit doors for added safety. The building includes six oversized 3-bed/1-bath units with formal dining and living rooms, one large 2-bed/1-bath garden unit, and one 1-bed/1-bath garden unit-all generously sized. The property is fully occupied with clean, responsible tenants, and all tenants pay their own utilities. Current rents are well below market value, creating a prime value-add opportunity for investors. Whether you're seeking strong cash flow now or long-term upside through rent growth, this South Shore gem delivers both. Easy to Show - Show with Confidence!

Listing Agent

Damaris Santiago

Manage Chicago, Inc. License #475207620 Listed on: 09/08/2025

Co-Listing Agent

Chris Amatore

Manage Chicago, Inc. License #471008868

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,000

Year Built

  • Built in 1915

Home Design

  • Cluster Home

Interior Spaces

  • 4-Story Property

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Community Details

Overview

  • 8 Units

Building Details

  • Electric Expense $1,200
  • Insurance Expense $6,000
  • Maintenance Expense $2,000
  • Other Expense $1,000
  • Trash Expense $6,188
  • Water Sewer Expense $4,800
  • Operating Expense $24,188
  • Gross Income $88,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,000

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Cluster
  • Stories: 4
  • Year Built: 1915
  • Built Before 1978 (Y/N): Yes
  • Information: List Broker Must Accompany
  • Estimated Age: Older
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • List Price: 625000

Utilities

  • Heat/Ventilation: Forced Air,Gas

Fee Information

  • Trash Expense: 6188
  • Water Sewer Expenses: 4800
  • Janitor Expense: 3000

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 8371
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity, Heat, Hot Water
  • Board Number: 8

Multi Family

  • Insurance Expense: 6000
  • ElectricExpense: 1200
  • GrossIncome: 88200
  • Maintenance Expense: 2000
  • NumberOfUnitsTotal: 8
  • OperatingExpense: 24188
  • Type Multi-Family: Cluster

Tax Info

  • Tax Annual Amount: 7999.5
  • Tax Year: 2023

Map

Range of Values:

Collateral Analytics

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ICE

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Quantarium

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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
09/08/2025 09/08/25 For Sale $625,000 -- --
Source: Midwest Real Estate Data (MRED)

Source: Midwest Real Estate Data (MRED)

MLS Number: 12466306

Midwest Real Estate Data (MRED)