Seller's Agent in 2026
James Mattz
Keller Williams Preferred Rlty
(708) 798-1111
5 in this area
390 Total Sales
--
Bed
--
Bath
9,036
Sq Ft
1918
Built
About This Home
As of March 2026VALUE-ADD 6-UNIT MULTIFAMILY | PRIME SOUTH SHORE LOCATION This 6-unit multifamily investment sits in the heart of South Shore, directly across from the Metra Electric Line and steps from the Fresh Market retail corridor, providing exceptional transit access and walkability-key drives tenant demand. South Shore continues to experience significant public and private investment, anchored by the upcoming Obama Presidential Library (opening June 2026), along with surrounding infrastructure, retail, and residential development that is accelerating neighborhood appreciation and rental growth. The property features six oversized 2-bedroom / 1-bath units, each offering sunrooms, separate living and dining rooms, large kitchens with pantries, and well-sized bedrooms-layouts that outperform smaller unit configurations and support strong rent growth. Unit sizes and layouts are ideal for repositioning through light to moderate renovations. The expansive rear yard provides a clear opportunity to add parking, creating additional income and enhancing tenant appeal-an uncommon value-add feature for the area. This asset presents a compelling value-add opportunity with upside through.....Market rent increases...Interior unit upgrades Potential parking income...And Long-term appreciation driven by major nearby development, Ideal for investors seeking stable cash flow today with meaningful upside tomorrow in one of Chicago's most actively revitalizing lakefront-adjacent neighborhoods.
Last Agent to Sell the Property
Keller Williams Preferred Rlty License #471014052 Listed on: 12/23/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,412
Year Built
- Built in 1918
Home Design
- Flat Roof Shape
- Brick Exterior Construction
Interior Spaces
- 3-Story Property
- Finished Basement
- Exterior Basement Entry
Utilities
- Hot Water Heating System
- Heating System Uses Gas
Listing and Financial Details
- Tenant pays for electricity
Community Details
Overview
- 6 Units
Building Details
- Electric Expense $900
- Fuel Expense $12,000
- Insurance Expense $8,000
- Trash Expense $2,400
- Water Sewer Expense $3,600
- Operating Expense $38,112
- Gross Income $63,360
- Net Operating Income $25,248
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/02/2026 03/02/26 | Sold | $415,000 | -17.0% | $46 / Sq Ft |
| 01/17/2026 01/17/26 | Pending | -- | -- | -- |
| 12/23/2025 12/23/25 | For Sale | $499,900 | -- | $55 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
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 | $6,412 | $51,841 | $9,765 | $42,076 |
| 2024 | $6,412 | $56,000 | $9,765 | $46,235 |
| 2023 | $6,229 | $30,284 | $7,875 | $22,409 |
| 2022 | $6,229 | $30,284 | $7,875 | $22,409 |
| 2021 | $7,107 | $35,344 | $7,875 | $27,469 |
| 2020 | $4,784 | $21,475 | $7,875 | $13,600 |
| 2019 | $4,848 | $24,130 | $7,875 | $16,255 |
| 2018 | $5,249 | $26,573 | $7,875 | $18,698 |
| 2017 | $5,768 | $26,792 | $6,930 | $19,862 |
| 2016 | $5,366 | $26,792 | $6,930 | $19,862 |
| 2015 | $4,909 | $26,792 | $6,930 | $19,862 |
| 2014 | $5,030 | $27,112 | $5,670 | $21,442 |
| 2013 | $4,931 | $27,112 | $5,670 | $21,442 |
Source: Public Records
Agents Affiliated with this Home
-
James Mattz
-
Chretien Matz
C
Seller Co-Listing Agent in 2026
Chretien Matz
Keller Williams Preferred Rlty
(708) 473-6159
2 in this area
36 Total Sales
-
Tokela Brown
Buyer's Agent in 2026
Tokela Brown
Heart My Home Chicago Inc
(773) 507-8397
3 in this area
41 Total Sales
Source: Midwest Real Estate Data (MRED)
MLS Number: 12534888
APN: 20244230110000
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Based on information submitted to the MLS GRID
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