$825,000

Estimated payment $4,539/month

Total Views 3,127
-- Bed
-- Bath
7,898 Sq Ft
$104 Price per Sq Ft

Highlights

  • Corner Lot
  • Laundry Room
  • Forced Air Heating and Cooling System

About This Home

Oversized Historic Multi-Unit in Pullman - Positive Cash Flow / Turnkey! Own a rare piece of history in Pullman! This oversized multi-unit corner property in Chicago, once home to the historic Pullman Porters, offers unmatched opportunity for investors or owner-occupants. The expansive 3rd-floor residence alone can function as two separate units, creating a total of six. Live in the spacious 3rd-floor unit and rent out the remaining apartments to cover your mortgage while enjoying positive cash flow from day one. Each oversized unit features generous living areas, eat-in kitchens, and two full baths. No two floor plans are alike, making each residence truly one-of-a-kind. Every unit is separately metered for heating, cooling, and electric, adding to the efficiency and tenant convenience. Highlights: -Strong cap rate with positive cash flow -No maintenance needed - in immaculate condition -Three gated outdoor parking spaces with electric remote entry Coin-operated laundry facilities in the basement for added income -Immaculately maintained by a dedicated owner -This property blends historic significance, modern amenities, and exceptional income potential. Don't miss your chance to own this extraordinary Pullman investment property!

Listing Agent

Mekia Hearn

Serene Realty, Inc. License #475176653 Listed on: 09/20/2025

Co-Listing Agent

Elijah Reese

Serene Realty, Inc. License #471019825

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,749

Year Built

  • Built in 1878

Lot Details

  • Corner Lot

Home Design

  • Brick Exterior Construction
  • Reflective Roof
  • Rubber Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 7,898 Sq Ft Home
  • 3-Story Property
  • Exterior Basement Entry
  • Laundry Room

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Separate Meters
  • 100 Amp Service

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $3,600
  • Fuel Expense $3,700
  • Insurance Expense $5,203
  • Maintenance Expense $14,370
  • Water Sewer Expense $1,813
  • Operating Expense $17,579
  • Gross Income $97,200
  • Net Operating Income $79,621

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,749

Year Built

Built in 1878

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Corridor-Exterior Entrance
  • Stories: 3
  • Year Built: 1878
  • Built Before 1978 (Y/N): Yes
  • Information: List Broker Must Accompany
  • Estimated Age: Older
  • Actual Status: Active
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Unfinished, Storage Space
  • Possible Use: Condominium, Multi-Family
  • Fire Protection: Alarm On Site,Fire Extinguisher/s,Smoke or Fire Protectors,Carbon Monoxide Detector(s)
  • Misc Inside: Laundry Room
  • Fireplaces: 2
  • Drive-In Doors: 0
  • Dishwashers: 5
  • Refrigerators: 5
  • Ranges: 5
  • Number of Washers: 4
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Concrete Perimeter
  • Roof: Reflective Coating, Rubber
  • Roof Structure: Flat,Gable

Garage/Parking

  • Outdoor Parking: 1-5 Spaces

Utilities

  • Cooling: Central Air, Central Individual
  • Electric: Circuit Breakers, Separate Meters, Service - 0 to 100 Amps
  • Heat/Ventilation: Central Heat/Indiv Controls,Forced Air,Gas,Separate Per Unit

Condo/Co-op/Association

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

Fee Information

  • Association Fee Includes: None
  • Water Sewer Expenses: 1813

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 41.702156, -87.602985
  • Zoning: MULTI
  • Alternate Phone Number: (312) 848-2947

Rental Info

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

Building Info

  • BuildingAreaTotal: 7898

Multi Family

  • Net Operating Income: 79621
  • Fuel Expense: 3700
  • Insurance Expense: 5203
  • ElectricExpense: 3600
  • GrossIncome: 97200
  • Maintenance Expense: 14370
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 17579
  • Type Multi-Family: Corridor-Exterior Entrance

Tax Info

  • Tax Annual Amount: 2749.34
  • Tax Year: 2023

Map

Range of Values:

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Value Increase
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Percent Increase
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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 List to Sale Price per Sq Ft
11/22/2025 11/22/25 For Sale $825,000 0.0% $104 / Sq Ft
11/21/2025 11/21/25 Off Market $825,000 -- --
09/20/2025 09/20/25 For Sale $825,000 -- $104 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Source: Midwest Real Estate Data (MRED)

MLS Number: 12476877

Midwest Real Estate Data (MRED)