1526 W 89th Street Chicago, IL $ 525,000
1526 W 89th Street
$ 525,000
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1526 W 89th Street

Chicago, IL, 60620
$ 525,000
Bedrooms4 Baths0.0 Sq 3,994

Monthly Estimate*

$ 3,315

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Multi-Family Home for sale in Chicago, IL

for $525,000 with 4 bedrooms. This 3,994 square foot home was built in 1929 on a lot size of 0.093848.

Exceptional cash-flow opportunity in Chicago's Auburn Gresham neighborhood! This solid five-unit brick building features an attractive unit mix of two spacious 2-bedroom apartments and three generously sized 1-bedroom apartments, providing a diversified rental income stream. Several units have been updated with recent renovations, offering immediate rental appeal while presenting additional value-add potential through future improvements and rent optimization. The property is heated by a newer, central boiler system, helping to simplify maintenance and operating expenses. Water heater and electric meters have also been updated. Conveniently located within walking distance of a Metra station, multiple bus lines and grocery stores, the building offers excellent commuter access, supporting strong tenant demand and occupancy. Rent roll and expenses are available upon request for qualified buyers. One unit is currently vacant. No representations are made regarding the legality of garden unit.

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Multi-Family Active

Price

$ 525,000

Bedrooms

4

Property Type

Multi-Family

Taxes

$ 5,288

Style

Multi-Family

Lot Size

0.093848

Year Built

1929

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12691638

Features
General
Cooling Window Unit(s)
Construction Materials Brick
Year Built 1929
Tenant Pays Electricity
Stories Count 2
Township Lake
Tax Year 2024
Current Use Multi-Family
Gross Income 64800
County Cook
Net Operating Income 51057
Operating Expense 13743
Insurance Expense 3693
Property Type Commercial Sale Multi Family 5+
MaintenanceExpense 7928
Status New
Directions Ashland to 89th Street. East to Laflin. U-turn at Laflin and West to property.
City Chicago
Number Of Units Total 5
MLS Area CHI - Auburn Gresham
Lot Size Square Feet 4088
Tax Annual Amount 5288
Electric Expense 107
Fuel Expense 925
Trash Expense 420
Water Sewer Expense 2400
Additional Parcels Y/N N
Standard Status Active
Cap Rate 9.7
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Interior
Basement Partially Finished
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Exterior
Building Area Total 3994
Lot Dimensions 30 x 135
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* Excluded Features
List By
Sound Realty, Llc

Broker

jasonapowell@gmail.com

Email

Affordability Calculator

$3,756
Per Month
88%
12%
0%
Monthly Principal & Interest
$3,315
Monthly Property Taxes
$441
Monthly Home Insurance
--
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
6/30/2026$525,000 Listed Price

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1526 W 89th Street, Chicago, IL, 60620 is a Multi-Family Home for sale at $525,000 with 3,994 sqft and a lot size of 0.093848. 1526 W 89th Street has 4 bedrooms, 0.0 baths, and was built in 1929. The property's zip code is 60620 which is in Chicago, IL