Multi-Family: MLS #12451274 Chicago, IL $ 839,900
Multi-Family: MLS #12451274
$ 839,900
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Multi-Family: MLS #12451274

Chicago, IL, 60617
$ 839,900
Bedrooms2 Baths0.0

Monthly Estimate*

$ 5,171

MLS #/Web ID: 12451274 - Image 1
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Multi-Family Home for sale in Chicago, IL

for $839,900 with 2 bedrooms. This home was built in 1927 on a lot size of 0.14.

Turnkey, updated 6-unit building located in one of Chicago's rapidly appreciating South Side neighborhoods with the potential to generate close to $100,000 annually when fully leased. Each spacious 2 bed, 1 bath unit features updated kitchens and baths, stainless steel appliances, granite countertops, hardwood floors, and modern finishes that attract quality tenants. This is a true low-maintenance investment with tenants paying their own gas and electric, helping maximize cash flow and overall profitability. Additional income opportunities include the potential to add 2 ADU basement units (subject to city approval), which could generate approximately $26,400 annually, plus coin laundry income and a 4-car garage with the potential to bring in an additional $400/month. Located near major future developments including the Obama Presidential Center and the Illinois Quantum & Microelectronics Park, this property is positioned for strong long-term appreciation, cash flow, and future growth. A rare opportunity to own a high-upside multifamily asset in an emerging investment corridor.

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Multi-Family Active

Price

$ 839,900

Bedrooms

2

Property Type

Multi-Family

Taxes

$ 6,389

Style

Multi-Family

Lot Size

0.14

Year Built

1927

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12451274

Features
General
Cooling Window Unit(s)
Possession Closing
Zoning MULTI
Construction Materials Brick
Year Built 1927
Tenant Pays Electricity Heat
Stories Count 2
Township South Chicago
Tax Year 2024
Current Use Multi-Family
Gross Income 115272
County Cook
Net Operating Income 94831
Operating Expense 9540
Insurance Expense 4200
Property Type Commercial Sale Multi Family 5+
MaintenanceExpense 1500
Status New
Directions JEFFREY BLVD SOUTH TO SOUTH CHICAGO MAKE A LEFT ON OGLESBY NORTH TO BUILDING
City Chicago
Number Of Units Total 6
MLS Area CHI - South Chicago
Tax Annual Amount 6389
Electric Expense 600
Fuel Expense 0
Trash Expense 3000
Water Sewer Expense 2640
Additional Parcels Y/N N
Standard Status Active
Cap Rate 10
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Exterior
Lot Dimensions 50X124
Lot Size Acres 0.14
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* Excluded Features
List By
Taylor Realty Partners Llc

Broker

wtaylor@itstaylorrealty.com

Email

Affordability Calculator

$5,704
Per Month
91%
9%
0%
Monthly Principal & Interest
$5,171
Monthly Property Taxes
$532
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
5/14/2026$839,900 Listed Price

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