Estimated payment $4,159/month
About This Home
Prime Washington Park development opportunity offering scale, flexibility, and park-front exposure. Zoned RM-5, this property features an approximately 8,000 sq ft main building plus a coach house with three on-site garage spaces, presenting potential for 6-9 residential units (buyer to verify). The main building is fully gutted and ready for redevelopment, with bright garden-level units and first-, second-, and third-floor units overlooking Washington Park-a strong draw for future tenants. Architectural plans for a 6-unit configuration are available, and the seller is willing to share plans with qualified buyers. Surrounded by ongoing new construction and redevelopment, this is an excellent opportunity for developers or investors seeking a value-add or repositioning project in a growing corridor with convenient access to transportation and neighborhood amenities. Sold as-is.
Listing Agent
Real Broker LLC Brokerage Phone: (773) 516-1111 License #475158420 Listed on: 12/22/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,696
Year Built
- Built in 1894
Parking
- 3 Car Detached Garage
- No Garage
- Parking Available
- Parking Included in Price
Home Design
- Brick Exterior Construction
- Stone Foundation
- Asphalt Roof
Bedrooms and Bathrooms
- 12 Bedrooms
- 12 Potential Bedrooms
- 8 Bathrooms
Additional Features
- Basement Fills Entire Space Under The House
- Lot Dimensions are 42.5 x 177.25
- Guest House
- No Heating
Community Details
- 4 Units
Home Values in the Area
Average Home Value in this Area
Tax History
| 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 | $7,426 | $58,001 | $26,478 | $31,523 |
| 2024 | $7,426 | $58,001 | $26,478 | $31,523 |
| 2023 | $7,238 | $35,081 | $26,478 | $8,603 |
| 2022 | $7,238 | $35,081 | $26,478 | $8,603 |
| 2021 | $7,664 | $37,999 | $26,477 | $11,522 |
| 2020 | $6,386 | $28,668 | $12,860 | $15,808 |
| 2019 | $6,545 | $32,578 | $12,860 | $19,718 |
| 2018 | $6,435 | $32,578 | $12,860 | $19,718 |
| 2017 | $6,409 | $29,772 | $10,591 | $19,181 |
| 2016 | $5,963 | $29,772 | $10,591 | $19,181 |
| 2015 | $5,456 | $29,772 | $10,591 | $19,181 |
| 2014 | $4,554 | $24,545 | $9,078 | $15,467 |
| 2013 | $4,464 | $24,545 | $9,078 | $15,467 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/22/2025 12/22/25 | For Sale | $600,000 | -- | -- |
About the Listing Agent
Rafay Qamar is the founder of Qamar Group at REAL Broker and one of the Midwest’s most trusted names in real estate. If you want a fierce negotiator, a trusted strategist, and someone who will outwork the competition to get you the absolute best deal, then welcome—you’ve found your closer.
With over $750 million in closed volume and 2,600+ transactions under my belt, I’ve built a reputation for turning complex deals into winning outcomes for my clients. Whether you’re buying, selling,
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Source: Midwest Real Estate Data (MRED)
MLS Number: 12534045
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