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$875,000
Est. payment /mo
8,118 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 8,118 sqft
Price per Sqft $107
MLS Listing ID 12613700
Maintenance Fees $6,000
Year Built 1924
Annual Tax Amount $17,500
Tax Year 2024
Lot Size 3,484 Sqft
Lot Dimensions 31X124
Property Sub-Type Multi Family 5+
Property Description
12-unit brick walk-up building located in Chicago's East Chatham neighborhood. The property features a well-balanced unit mix of six (6) one-bedroom / one-bath apartments and six (6) two-bedroom / one-bath apartments, catering to strong and consistent tenant demand in the submarket. The building has undergone significant recent capital improvements, positioning it as a turnkey investment opportunity with meaningful rental upside. Major upgrades include the installation of brand-new Mitsubishi heating and air conditioning minisplit systems in all units (completed in 2025), providing tenants with modern, energy-efficient climate control. Hot water is supplied by two (2) newly installed Rheem Performance 75-gallon natural gas water heaters (150 gallons total), each backed by a 6-year warranty. The roof was replaced approximately six years ago, further reducing near-term capital expenditure concerns. Additional building enhancements include individual electrical panels and a full perimeter security camera system, both newly installed in 2025, improving operational efficiency, safety, and long-term asset performance. This well-maintained East Chatham asset offers a stabilized, low-maintenance property with organic rent growth potential. With modern mechanical systems already in place and strong neighborhood fundamentals, ownership can benefit from a clean, turnkey operation and long-term hold stability.
Location
State IL
County Cook
Area Chi - Chatham
Zoning MULTI
Rooms
Basement Unfinished, Exterior Entry, Bath/Stubbed, Egress Window, 8 ft + pour, Concrete, Walk-Up Access
Interior
Cooling Central Individual
Fireplace N
Building
Dwelling Type Multi Family 5+
Structure Type Brick
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Listed by Quinn Evans of Essex 312, LLC
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