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$ 990,000
Est. payment | /mo
5,978 SqFt
$ 990,000
Est. payment | /mo
5,978 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 5,978 sqft
Price per Sqft $165
MLS Listing ID 12628812
Year Built 1888
Annual Tax Amount $14,465
Tax Year 2024
Lot Size 3,049 Sqft
Lot Dimensions 24 X 129.6
Property Sub-Type Multi Family 5+
Property Description
This well-maintained brick multifamily property presents a compelling investment opportunity with both strong in-place income and significant upside potential. The asset is currently configured as a 6-unit building with a 7th non-conforming unit (4R), which is presently duplexed into the 3rd-floor rear unit (3R), creating an expansive 4-bedroom, 2-bath residence. The remaining units offer a desirable unit mix, with two units already renovated, allowing investors to immediately benefit from increased rents while continuing to execute a value-add strategy across the balance of the property. Additional features include a 2-car garage, basement storage, and common laundry, further enhancing tenant appeal and operational efficiency. Located just steps from the CTA Pink Line, the property offers excellent accessibility and strong rental demand driven by proximity to public transit and surrounding neighborhood amenities. Ownership has secured approvals to expand the property to a total of 9 units, including the addition of two affordable units, providing a clear path to increased density and long-term value creation. With the ability to further renovate units and capitalize on the approved expansion, this offering represents an attractive opportunity for investors seeking both stabilized cash flow and meaningful upside in a transit-oriented location.
Location
State IL
County Cook
Area Chi - Lower West Side
Zoning MULTI
Rooms
Basement Partially Finished, Unfinished, Exterior Entry, Storage Space
Interior
Cooling Central Air, Central Individual
Fireplace N
Exterior
Roof Type Fiberglass
Building
Dwelling Type Multi Family 5+
Structure Type Brick,Concrete,Aluminum Siding,Block
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Angelo Labriola of Sperry Van Ness