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Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 12599733
Maintenance Fees $5,500
Year Built 1961
Annual Tax Amount $10,762
Tax Year 2024
Lot Dimensions 50' X 163'
Property Sub-Type Multi Family 5+
Property Description
This is a unique opportunity to acquire a fully occupied, 11-unit investment property in Chicago's historic Jackson Park Highlands with little capital needed to increase rents. Current rents are running significantly below market, giving a new owner a clear and immediate path to grow income as units turn - no renovations, no forced displacement. The building has undergone significant improvements over the past several years, including new AC units, updated plumbing, updated electrical panels, security cameras, on-site laundry, and a custom dog park with a drainage system. A gated parking lot - rare for a building of this size - is currently unmonetized and represents additional untapped income potential. The neighborhood is only getting better: the Obama Presidential Center, Quantum Shore Development, Thrive Exchange, and more are all driving renewed demand and long-term appreciation in the area.
Location
State IL
County Cook
Area Chi - South Shore
Zoning MULTI
Rooms
Basement Finished, Exterior Entry, Walk-Up Access
Interior
Cooling Wall Sleeve
Fireplace N
Exterior
Utilities Available Sewer Connected, Water Available, Cable Available
Building
Dwelling Type Multi Family 5+
Water Community Water
Structure Type Brick
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Matthew Neistat of Jameson Sotheby's Intl Realty