About This Home
Exceptional opportunity to acquire a large multifamily asset featuring approximately 38 beds and positioned for shared housing, student housing, workforce housing, co-living, or short-term rental strategies. Located within close proximity to the University of Chicago and other major educational, healthcare, and employment centers, this asset presents a unique opportunity for investors seeking to capitalize on the growing demand for housing in one of Chicago's most active and rapidly evolving markets. The property's layout and scale make it particularly attractive for operators focused on shared housing initiatives, student accommodations, workforce housing, or alternative residential investment models. Its location near a world-renowned Ivy League-caliber institution and major neighborhood redevelopment activity creates multiple pathways for revenue generation and long-term value creation. This offering is being marketed confidentially. Financial information, property details, and exact location will be provided to qualified buyers upon request. Please contact the listing agent for additional information, financials, and access to the offering package.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 2000
Home Design
- Rooming House
- Flat Roof Shape
- Brick Exterior Construction
- Brick Foundation
Interior Spaces
- 3-Story Property
- 8 Fireplaces
- Finished Basement
Utilities
- Forced Air Heating and Cooling System
Community Details
Overview
- 38 Units
Building Details
- Electric Expense $4,800
- Fuel Expense $7,500
- Insurance Expense $8,386
- Maintenance Expense $5,000
- Manager Expense $26,630
- Other Expense $120,500
- Trash Expense $3,000
- Water Sewer Expense $9,200
- Operating Expense $233,016
- Gross Income $700,800
- Net Operating Income $443,744
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $22,619 | $142,200 | $62,000 | $80,200 |
| 2024 | $22,619 | $142,200 | $62,000 | $80,200 |
| 2023 | $21,972 | $106,824 | $15,000 | $91,824 |
| 2022 | $21,972 | $106,824 | $15,000 | $91,824 |
| 2021 | $21,481 | $106,823 | $15,000 | $91,823 |
| 2020 | $20,900 | $93,819 | $15,000 | $78,819 |
| 2019 | $18,849 | $93,819 | $15,000 | $78,819 |
| 2018 | $18,532 | $93,819 | $15,000 | $78,819 |
| 2017 | $17,635 | $81,919 | $12,000 | $69,919 |
| 2016 | $16,407 | $81,919 | $12,000 | $69,919 |
| 2015 | $15,011 | $81,919 | $12,000 | $69,919 |
| 2014 | $13,245 | $71,389 | $7,500 | $63,889 |
| 2013 | $12,984 | $71,389 | $7,500 | $63,889 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/29/2026 07/29/26 | For Sale | $1 | -- | -- |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $2,950,000 | None Listed On Document | |
| Warranty Deed | -- | Proper Title Llc | |
| Deed | -- | First American Title Co |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $3,712,500 | Construction | |
| Previous Owner | $1,050,000 | Commercial | |
| Previous Owner | $575,000 | Commercial |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12685129
APN: 20111140020000
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All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID
- 5036 S Drexel Blvd Unit 3N
- 4942 S Ellis Ave
- 5424 S Ingleside Ave
- 4938 S Drexel Blvd Unit 210
- 943 E Hyde Park Blvd Unit 3
- 945 E Hyde Park Blvd Unit 3
- 951 E Hyde Park Blvd
- 953 E Hyde Park Blvd Unit 3
- 835 E 49th St Unit 3
- 5031 S Michigan Ave
- 735 E 50th St Unit 2
- 836 E 52nd St
- 731 E 50th St
- 1059 E Hyde Park Blvd Unit 1
- 5133 S Greenwood Ave Unit 2
- 4923 S Greenwood Ave
- 710 E 51st St Unit 710
- 827 E 48th St Unit C
- 706 E 51st St
- 5124 S University Ave
- 5017 S Drexel Blvd Unit 301
- 5017 S Drexel Blvd Unit G01
- 4915 S Drexel Blvd Unit 2A
- 941 E Hyde Park Blvd Unit 1
- 937 E Hyde Park Blvd Unit 3
- 4901 S Drexel Blvd
- 5121 S Ingleside Ave Unit 5211 S. Greenwood 3
- 1024 E Hyde Park Blvd Unit 1024 East Hyde Park
- 1025 E Hyde Park Blvd Unit 2s
- 5142 S Ingleside Ave Unit 3C
- 5135-5145 S Ingleside Ave
- 5205 S Drexel Ave
- 5141 S Ellis Ave Unit 2
- 5220 S Drexel Ave
- 5020-5030 S Woodlawn Ave
- 940 E 48th St Unit 2
- 940 E 48th St Unit 3
- 940 E 48th St Unit 1
- 5211 S Greenwood Ave Unit 5211 S. Greenwood Av
- 5211 S Greenwood Ave Unit 5211 S Greenwood ave
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