$650,000

Estimated payment $4,379/month

Total Views 1,441
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Corner Lot
  • Laundry Room
  • Forced Air Heating System

About This Home

Exceptional value-add opportunity in Chicago's desirable Chatham neighborhood. This corner 12 unit building consists of 3 x 2bd/1ba and 9 x 1bd/1ba. Individually metered electric and gas, with individual forced air heat furnaces. Extensive electric upgrades in the past 4 years. You can hit the ground running on this one and stabilize quickly with only 4 units currently leased. The remaining 8 units are vacant. The condition of the vacant units vary, with some ready-to-rent and others needing a more thorough renovation. Coin operated laundry in the basement.

Listing Agent

Joseph Giannini

Agent Realty Partners License #475191091 Listed on: 07/07/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,979

Year Built

  • Built in 1925

Lot Details

  • 4,661 Sq Ft Lot
  • Lot Dimensions are 125x37
  • Corner Lot

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction

Interior Spaces

  • 3-Story Property
  • Laundry Room

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas
  • Separate Meters

Community Details

  • 12 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,979

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Corridor-Interior Entrance
  • Stories: 3
  • Year Built: 1925
  • Built Before 1978 (Y/N): Yes
  • Information: List Broker Must Accompany,Show-Special Instructions,No Sign on Property
  • Estimated Age: Older
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Unfinished, Exterior Entry
  • Misc Inside: Laundry Room
  • Fireplaces: 2
  • Dishwashers: 0
  • Refrigerators: 12
  • Ranges: 12
  • Number of Washers: 2
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Frontage Type: City Street
  • List Price: 650000
  • Roof Structure: Flat

Utilities

  • Cooling: None
  • Electric: Circuit Breakers, Separate Meters
  • Water Source: Municipal Water
  • Heat/Ventilation: Forced Air,Gas

Condo/Co-op/Association

  • Conversion YN: N

Fee Information

  • Janitor Expense: 0

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 125X37
  • Lot Size Sq Ft: 4661
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity, Heat
  • Board Number: 8
  • Tenancy Type: Leases

Multi Family

  • NumberOfUnitsTotal: 12
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 10979
  • Tax Year: 2023

Map

Range of Values:

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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
07/07/2025 07/07/25 For Sale $650,000 +40.5% --
11/08/2019 11/08/19 Sold $462,500 -7.5% --
09/16/2019 09/16/19 Pending -- -- --
07/16/2019 07/16/19 For Sale $499,900 +33.3% --
12/21/2017 12/21/17 Sold $375,000 -6.0% --
08/12/2017 08/12/17 Pending -- -- --
06/02/2017 06/02/17 For Sale $399,000 -- --
Source: Midwest Real Estate Data (MRED)

Source: Midwest Real Estate Data (MRED)

MLS Number: 12412459

Midwest Real Estate Data (MRED)

APN: 20351030190000