Estimated payment $10,135/month
Highlights
- Skylights
- Storage Room
- 3-minute walk to Arrigo Park
- Laundry Room
- Forced Air Heating and Cooling System
About This Home
Classic 3-story Chicago Greystone 6-unit investment property in prime Little Italy / UIC Medical District location. Five of six units have been renovated with consistent finish quality, including hardwood floors, granite kitchens, stainless steel appliances, recessed lighting, ceiling fans, large pantry closets (many with windows), and approximately 9'9" ceilings. Five of six units feature central A/C and individually controlled gas forced-air heat. Major capital improvements include full tear-off roof replacement, rebuilt parapet and coping, extensive masonry work, full sewer line replacement, upgraded electrical service, copper plumbing, and a new rear steel stair and deck system. Kitchens and baths vent through the roof. Building amenities include on-site laundry, individual storage, and two rear parking spaces (currently owner-used with strong rental income potential). One unit (1-Front) presents an additional value-add opportunity with interior access to a plumbed basement area suitable for potential duplex expansion (buyer to verify). Strong in-place income with additional upside through parking rental and future unit improvements. Detailed renovation and financial information available upon request.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $21,718
Year Built
- Built in 1905
Lot Details
- Lot Dimensions are 24x112
Home Design
- Flat Roof Shape
- Brick Exterior Construction
- Pillar, Post or Pier Foundation
- Steel Siding
- Stone Siding
- Concrete Perimeter Foundation
Interior Spaces
- 3-Story Property
- Skylights
- Storage Room
- Laundry Room
Partially Finished Basement
- Exterior Basement Entry
- Block Basement Construction
- Stubbed For A Bathroom
- Basement Storage
- Basement Window Egress
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Gas
- Separate Meters
- 200+ Amp Service
Community Details
Overview
- 6 Units
Building Details
- Electric Expense $1,114
- Fuel Expense $1,366
- Insurance Expense $5,703
- Maintenance Expense $3,000
- Other Expense $3,000
- Trash Expense $4,580
- Water Sewer Expense $1,711
- Operating Expense $39,191
- Gross Income $133,200
- Net Operating Income $96,620
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 | $21,000 | $107,698 | $14,918 | $92,780 |
| 2024 | $20,471 | $112,000 | $14,918 | $97,082 |
| 2023 | $20,471 | $99,188 | $11,988 | $87,200 |
| 2022 | $20,471 | $99,188 | $11,988 | $87,200 |
| 2021 | $21,991 | $109,000 | $11,988 | $97,012 |
| 2020 | $15,132 | $67,700 | $9,057 | $58,643 |
| 2019 | $15,334 | $76,068 | $9,057 | $67,011 |
| 2018 | $15,873 | $80,094 | $9,057 | $71,037 |
| 2017 | $10,871 | $50,327 | $7,992 | $42,335 |
| 2016 | $10,080 | $50,327 | $7,992 | $42,335 |
| 2015 | $10,097 | $55,100 | $7,992 | $47,108 |
| 2014 | $8,346 | $44,985 | $6,660 | $38,325 |
| 2013 | $8,617 | $47,378 | $6,660 | $40,718 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/09/2026 02/09/26 | For Sale | $1,600,000 | 0.0% | -- |
| 12/08/2015 12/08/15 | Under Contract | -- | -- | -- |
| 12/08/2015 12/08/15 | Rented | $1,625 | 0.0% | -- |
| 12/07/2015 12/07/15 | For Rent | $1,625 | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12564482
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