1302 W 98th Place Chicago, IL $ 485,000
1302 W 98th Place
$ 485,000
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1302 W 98th Place

Chicago, IL, 60643
$ 485,000
Bedrooms6 Baths4.0

Monthly Estimate*

$ 3,026

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Multi-Family Home for sale in Chicago, IL

for $485,000 with 6 bedrooms and 4 full baths. This home was built in 1924.

This well maintained four unit brick building on a quiet Washington Heights block offers a strong entry point for both seasoned investors and those purchasing their first multifamily property. The building includes three two bedroom units and one spacious one bedroom unit. One unit has been recently renovated, while the remaining apartments are occupied by long term tenants, providing immediate income with room to grow over time. Each unit features a practical layout with good natural light and comfortable living space. Significant updates have already been completed, reducing near term maintenance concerns. Improvements include a new roof, newer boiler, new gutter system, tuckpointed brick exterior, and a reinforced rear porch. These upgrades help the property run efficiently and make ownership more predictable, an important factor for newer investors. For an owner occupant, this property offers the ability to live in one unit while rental income helps offset monthly expenses. For investors, it represents a stabilized asset in an established South Side neighborhood with consistent housing demand. Washington Heights offers access to schools, public transportation, neighborhood retail, and the I 57 expressway. Well cared for four unit buildings like this remain limited in the Chicago market, making this a practical and durable long term investment.

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Multi-Family Active

Price

$ 485,000

Bedrooms

6

Full Bath

4

Property Type

Multi-Family

Taxes

$ 2,210

Style

Year Built

1924

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12532572

Features
General
Sewer Public Sewer
Heating Radiator(s)
Possession Closing
Construction Materials Brick
Year Built 1924
Township Hyde Park
Tax Year 2023
Ownership Fee Simple
County Cook
New Construction N
Property Type Residential Income Two to Four Units
Total Rooms 18
Status New
Directions North or South on Loomis St to 98th Pl east to 1302-04
City Chicago
High School District 299
MLS Area CHI - Washington Heights
Tax Annual Amount 2210.1
Electric Expense 240
Fuel Expense 415
Water Sewer Expense 215
Standard Status Active
Middle/Junior School District 299
Elementary School District 299
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Interior
Basement Unfinished Full
Total Bedrooms 6
Total Baths 4
Bedrooms Possible 6
Bathroom Soaking Tub
Full Baths Building 4
Half Baths Building 0
Total Number of Units 4
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Exterior
Water Source Lake Michigan
Total Parking 0
Lot Dimensions 3813
Waterfront Y/N N
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* Excluded Features
List By
Keller Williams Onechicago

Broker

jerome@thecollectivechicago.com

Email

Affordability Calculator

$3,210
Per Month
94%
6%
0%
Monthly Principal & Interest
$3,026
Monthly Property Taxes
$184
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
566059 Elementary School
566846 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
12/16/2025$485,000 Listed Price

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1302 W 98th Place, Chicago, IL, 60643 is a Multi-Family Home for sale at $485,000. 1302 W 98th Place has 6 bedrooms, 4.0 baths, and was built in 1924. The property's zip code is 60643 which is in Chicago, IL