724 E 50th Place Chicago, IL ^$ 1,300,000

724 E 50th Place

^$ 1,300,000

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724 E 50th Place

Chicago, IL, 60615

^$ 1,300,000

Bedrooms7 Baths0.0 Sq 10,118

Monthly Estimate*

^$ 8,979

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Multi-Family Home for sale in Chicago, IL

for $1,300,000 with 7 bedrooms. This 10,118 square foot home was built in 1893.

Presenting 724 East 50th Place, a six-unit multifamily asset in Bronzeville priced at $$216,667/unit which is below active comps and in line with recent trades. The building is comprised of two 4BD/3BA duplex units and four 3BD/2BA units, plus 5 exterior parking spaces, and received a comprehensive 2005 renovation covering the roof, masonry, windows, plumbing, electrical, and HVAC. Year 1 NOI is $92,029 (7.08 cap) which includes an $8k increase in property taxes, growing to $115,957 (8.92 cap) pro-forma by leasing the one vacant unit and pushing rents to market. Located minutes from the University of Chicago and UChicago Medicine, the South Side's largest private employer, in a submarket where median household income has grown my more than half since 2011. Offering Memorandum available upon request.

Multi-Family Active

Price

^$ 1,300,000

Bedrooms

Property Type

Multi-Family

Taxes

^$ 25,206

Style

Year Built

1893

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12752591

Features

General

Cooling Central Individual

Zoning MULTI

Year Built 1893

Electric Circuit Breakers

Tenant Pays Air Conditioning Electricity Heat Hot Water

Stories Count 3

Tax Year 2025

Gross Income 157092

County Cook

Net Operating Income 92029

Operating Expense 62909

Insurance Expense 6600

Property Type Commercial Sale Multi Family 5+

MaintenanceExpense 6618

Status Active

Directions From 51st St turn north onto Evans Ave. Turn right onto 50th Place (one way street) and the listing will be on the north (left) side of the street.

City Chicago

Number Of Units Total 6

MLS Area CHI - Grand Boulevard

Tax Annual Amount 25206

Electric Expense 878

Fuel Expense 377

Trash Expense 3284

Water Sewer Expense 6229

Additional Parcels Y/N N

Standard Status Active

Cap Rate 7.1

Exterior

Building Area Total 10118

Lot Dimensions 50x125

* Excluded Features

List By

@Properties Commercial

Broker

kjrocio@atproperties.com

Affordability Calculator

$11,079

Per Month

Monthly Principal & Interest: $8,979
Monthly Property Taxes: $2,101
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 7.375% 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

Trends
Schools

Multi-family listings in Chicago, IL

Average List Price ^$646,378

Percent of Sale Price 50%

About Chicago, IL

2,755,380 Population

-4% Since 2002

^$53,088 Median Income

36.07 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
9/8/2026	$1,300,000		Listed Price

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724 E 50th Place, Chicago, IL, 60615 is a Multi-Family Home for sale at $1,300,000 with 10,118 sqft. 724 E 50th Place has 7 bedrooms, 0.0 baths, and was built in 1893. The property's zip code is 60615 which is in Chicago, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.375% 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.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Data is updated as of 10/8/2026.

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724 E 50th Place

Multi-Family Home for sale in Chicago, IL

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