Multi-Family: MLS #12685129 Chicago, IL $ 1
Multi-Family: MLS #12685129
$ 1
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Multi-Family: MLS #12685129

Chicago, IL, 60615
$ 1
Bedrooms35 Baths0.0

Monthly Estimate*

$ 0

MLS #/Web ID: 12685129 - Image 1
MLS #/Web ID: 12685129 - Image 2
MLS #/Web ID: 12685129 - Image 3
MLS #/Web ID: 12685129 - Image 4
MLS #/Web ID: 12685129 - Image 5
MLS #/Web ID: 12685129 - Image 6

Multi-Family Home for sale in Chicago, IL

for $1 with 35 bedrooms. This home was built in 2000.

Exceptional opportunity to acquire a large multifamily asset featuring approximately 38 beds and positioned for shared housing, student housing, workforce housing, co-living, or short-term rental strategies. Located within close proximity to the University of Chicago and other major educational, healthcare, and employment centers, this asset presents a unique opportunity for investors seeking to capitalize on the growing demand for housing in one of Chicago's most active and rapidly evolving markets. The property's layout and scale make it particularly attractive for operators focused on shared housing initiatives, student accommodations, workforce housing, or alternative residential investment models. Its location near a world-renowned Ivy League-caliber institution and major neighborhood redevelopment activity creates multiple pathways for revenue generation and long-term value creation. This offering is being marketed confidentially. Financial information, property details, and exact location will be provided to qualified buyers upon request. Please contact the listing agent for additional information, financials, and access to the offering package.

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Multi-Family Active

Price

$ 1

Bedrooms

35

Property Type

Multi-Family

Taxes

$ 28,658

Style

Multi-Family

Year Built

2000

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12685129

Features
General
Cooling Central Air
Zoning COMMR
Construction Materials Brick
Year Built 2000
Stories Count 3
Township Hyde Park
Tax Year 2025
Current Use Multi-Family
Gross Income 700800
County Cook
Net Operating Income 443744
Operating Expense 233016
Insurance Expense 8386
Property Type Commercial Sale Multi Family 5+
MaintenanceExpense 5000
Possible Use Special Use Single Room Occupancy
Status New
Directions Take 51st over to Drexel and south to the property.
City Chicago
Number Of Units Total 38
MLS Area Confidential Commercial Listings
Tax Annual Amount 28658.07
Electric Expense 4800
Fuel Expense 7500
Trash Expense 3000
Water Sewer Expense 9200
Additional Parcels Y/N N
Standard Status Active
Cap Rate 8
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Interior
Basement Finished
Total Fireplaces 8
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Exterior
Foundation Details Brick/Mortar
Lot Dimensions 10000
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* Excluded Features
List By
Lux Life Realty Llc

Broker

yolandaj@theluxliferealty.com

Email

Affordability Calculator

$2,388
Per Month
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100%
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Monthly Principal & Interest
$0
Monthly Property Taxes
$2,388
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Default based on a 30-year fixed rate of 6.49% 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
7/29/2026$1 Listed Price

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