$499,900

Estimated payment $3,153/month

-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

About This Home

VALUE-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.

Listing Agent

James Mattz

Keller Williams Preferred Rlty License #471014052 Listed on: 12/23/2025

Keller Williams Preferred Rlty

Co-Listing Agent

Chretien Matz

Keller Williams Preferred Rlty License #475164997

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
  • Exterior Basement Entry

Utilities

  • Hot Water Heating System
  • Heating System Uses Gas

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,412

Year Built

Built in 1918

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Corridor-Exterior Entrance
  • Stories: 3
  • Year Built: 1918
  • Built Before 1978 (Y/N): Yes
  • Information: None
  • Estimated Age: Older
  • Actual Status: New
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Finished, Partially Finished
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Roof Structure: Flat

Utilities

  • Heat/Ventilation: Gas,Hot Water

Fee Information

  • Trash Expense: 2400
  • Water Sewer Expenses: 3600

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 9,036

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 10

Multi Family

  • Net Operating Income: 25248
  • Fuel Expense: 12000
  • Insurance Expense: 8000
  • ElectricExpense: 900
  • GrossIncome: 63360
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 38112
  • Type Multi-Family: Corridor-Exterior Entrance

Tax Info

  • Tax Annual Amount: 6412
  • Tax Year: 2024

Range of Values:

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Value Increase
--
Percent Increase
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Adjusted for Inflation
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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 List to Sale Price per Sq Ft
12/23/2025 12/23/25 For Sale $499,900 -- --
Source: Midwest Real Estate Data (MRED)

Source: Midwest Real Estate Data (MRED)

MLS Number: 12534888

Midwest Real Estate Data (MRED)

APN: 20244230110000