Multi-Family: MLS #12564482 Chicago, IL $ 1,600,000
Multi-Family: MLS #12564482
$ 1,600,000
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Multi-Family: MLS #12564482

Chicago, IL, 60607
$ 1,600,000
Bedrooms6 Baths0.0

Monthly Estimate*

$ 9,851

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Multi-Family Home for sale in Chicago, IL

for $1,600,000 with 6 bedrooms. This home was built in 1905.

Classic 3-story Chicago Greystone 6-unit investment property in prime Little Italy / UIC Medical District location. Five of six units have been renovated with consistent finish quality, including hardwood floors, granite kitchens, stainless steel appliances, recessed lighting, ceiling fans, large pantry closets (many with windows), and approximately 9'9" ceilings. Five of six units feature central A/C and individually controlled gas forced-air heat. Major capital improvements include full tear-off roof replacement, rebuilt parapet and coping, extensive masonry work, full sewer line replacement, upgraded electrical service, copper plumbing, and a new rear steel stair and deck system. Kitchens and baths vent through the roof. Building amenities include on-site laundry, individual storage, and two rear parking spaces (currently owner-used with strong rental income potential). One unit (1-Front) presents an additional value-add opportunity with interior access to a plumbed basement area suitable for potential duplex expansion (buyer to verify). Strong in-place income with additional upside through parking rental and future unit improvements. Detailed renovation and financial information available upon request.

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Multi-Family Active

Price

$ 1,600,000

Bedrooms

6

Property Type

Multi-Family

Taxes

$ 21,718

Style

Multi-Family

Year Built

1905

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12564482

Features
General
Sewer Storm Sewer
Cooling Central Air
Utilities Sewer Connected
Possession Tenant's Rights
Construction Materials Brick Steel Siding Stone Combination
Year Built 1905
Electric Circuit Breakers Separate Meters Over 600 Amps
Tenant Pays Air Conditioning Electricity Heat Hot Water Varies by Tenant All Utilities
Stories Count 3
Tax Year 2024
Current Use Multi-Family
Gross Income 133200
County Cook
Net Operating Income 96620
Operating Expense 39191
Insurance Expense 5703
Property Type Commercial Sale Multi Family 5+
MaintenanceExpense 3000
Possible Use Condominium
Status New
Directions Between Harrison Street (600 south) and Taylor Street (1000 south) on Loomis Street 1400 (west) and go west on Lexington (728 south) to 1436 W. Lexington Street Chicago IL 60607
City Chicago
Number Of Units Total 6
MLS Area CHI - Near West Side
Tax Annual Amount 21718
Electric Expense 1114
Fuel Expense 1366
Trash Expense 4580
Water Sewer Expense 1711
Additional Parcels Y/N N
Standard Status Active
Cap Rate 6.04
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Interior
Basement Partially Finished Exterior Entry Bath/Stubbed Egress Window Partial Exposure Concrete Storage Space Daylight
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Exterior
Water Source Municipal Water
Foundation Details Concrete Perimeter Pillar/Post/Pier
Lot Dimensions 24x112
Frontage Type City Street
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* Excluded Features
List By
New West Realty Partners Llc

Broker

bill@altierteam.com

Email

Affordability Calculator

$11,661
Per Month
84%
16%
0%
Monthly Principal & Interest
$9,851
Monthly Property Taxes
$1,810
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
2/9/2026$1,600,000 Listed Price

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