Multi-Family: MLS #12534888 Chicago, IL $ 499,900
Multi-Family: MLS #12534888
$ 499,900
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Multi-Family: MLS #12534888

Chicago, IL, 60649
$ 499,900
Bedrooms11 Baths0.0

Monthly Estimate*

$ 3,119

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Multi-Family Home for sale in Chicago, IL

for $499,900 with 11 bedrooms. This home was built in 1918.

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.

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Multi-Family Active

Price

$ 499,900

Bedrooms

11

Property Type

Multi-Family

Taxes

$ 6,412

Style

Year Built

1918

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12534888

Features
Interior
Basement Finished Partially Finished
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General
Construction Materials Brick
Year Built 1918
Tenant Pays Electricity
Stories Count 3
Township Hyde Park
Tax Year 2024
Gross Income 63360
County Cook
Net Operating Income 25248
Operating Expense 38112
Insurance Expense 8000
Property Type Commercial Sale Multi Family 5+
MaintenanceExpense 0
Status New
Directions North or South on Jeffery to 69th. 69th to Clyde. Clyde to 7047
City Chicago
Number Of Units Total 6
MLS Area CHI - South Shore
Tax Annual Amount 6412
Electric Expense 900
Fuel Expense 12000
Trash Expense 2400
Water Sewer Expense 3600
Additional Parcels Y/N N
Standard Status Active
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Exterior
Lot Dimensions 9 036
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* Excluded Features
List By
Keller Williams Preferred Rlty

Broker

transactionsmanager@mattzmegagroup.com

Email

Affordability Calculator

$3,653
Per Month
85%
15%
0%
Monthly Principal & Interest
$3,119
Monthly Property Taxes
$534
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
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
12/24/2025$499,900 Listed Price

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