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1248 W 83rd Street Chicago, IL $ 1,400,000
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$ 1,400,000 Get more info
1248 W 83rd Street
$ 1,400,000
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1248 W 83rd Street

Chicago, IL, 60620
$ 1,400,000
Bedrooms6 Baths0.0 Sq 14,000

Monthly Estimate*

$ 9,669

1248 W 83rd Street, Chicago, IL 60620 - Image 1
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1248 W 83rd Street, Chicago, IL 60620 - Image 3
1248 W 83rd Street, Chicago, IL 60620 - Image 4
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1248 W 83rd Street, Chicago, IL 60620 - Image 7
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1248 W 83rd Street, Chicago, IL 60620 - Image 9
1248 W 83rd Street, Chicago, IL 60620 - Image 10

Multi-Family Home for sale in Chicago, IL

for $1,400,000 with 6 bedrooms. This 14,000 square foot home was built in 1929.

Excellent Investment Opportunity - 13-Unit Apartment Building! Well-maintained, 12-unit brick apartment building situated on a desirable corner lot. This property features 1 two-bedroom apartments and 3 one-bedroom apartments, with hardwood floors throughout. Additional highlights include three spacious, clean basement areas, replacement windows, updated porches, and emergency lighting. The building is tenant-occupied, providing an opportunity for immediate rental income. Significant upside potential! Current rents are below area market rates, offering an opportunity to increase rental income over time. An excellent opportunity for investors seeking a multifamily property with income growth potential or possible condominium conversion.

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Multi-Family Active

Price

$ 1,400,000

Bedrooms

6

Property Type

Multi-Family

Taxes

$ 23,000

Style

Multi-Family

Year Built

1929

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12781046
Features
General
Zoning MULTI
Construction Materials Brick
Year Built 1929
Tenant Pays Electricity Other
Stories Count 3
Township Lake
Tax Year 2025
Current Use Multi-Family
Gross Income 194400
County Cook
Net Operating Income 110258
Operating Expense 84142
Insurance Expense 14989
Property Type Commercial Sale Multi Family 5+
MaintenanceExpense 0
Possible Use Condominium
Status New
Directions ASHLAND TO 83RD EAST 6 BLOCKS TO PROPERTY.
City Chicago
Number Of Units Total 12
MLS Area CHI - Auburn Gresham
Lot Size Square Feet 5375
Tax Annual Amount 23000
Electric Expense 1050
Fuel Expense 16500
Trash Expense 1296
Water Sewer Expense 9643
Additional Parcels Y/N N
Standard Status Active
Cap Rate 7.9
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Interior
Total Fireplaces 0
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Exterior
Building Area Total 14000
Lot Dimensions 125 X 43
Lot Size Acres 0
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* Excluded Features
List By
Km Realty Group, Llc

Broker

tammyrjackson@kmrealtygroup.net

Email

Affordability Calculator

$11,586
Per Month
83%
17%
0%
Monthly Principal & Interest
$9,669
Monthly Property Taxes
$1,917
Monthly Home Insurance
--
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
565567 Elementary School
567955 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
10/14/2026$1,400,000 Listed Price

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1248 W 83rd Street, Chicago, IL, 60620 is a Multi-Family Home for sale at $1,400,000 with 14,000 sqft. 1248 W 83rd Street has 6 bedrooms, 0.0 baths, and was built in 1929. The property's zip code is 60620 which is in Chicago, IL

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