About this home

Turnkey multi-unit investment property with strong in-place cash flow. The entire building was gut-rehabbed in 2022, including new electrical, new plumbing, new water lines, new gas lines, a new roof, and new windows, offering peace of mind and minimal future capital expenses. The property consists of five residential units plus additional income from laundry and garage parking. All units are currently occupied with long-term tenants, many of whom have renewed multiple times and are likely to continue. Rents reflect the quality of the recent renovation, and supplemental income from laundry and parking further enhances returns. Ideal for investors seeking a stabilized, fully updated asset with reliable income and limited deferred maintenance.

Property details

Price: $1,190,000
Bedrooms: 15
Bathrooms: 6
Year built: 1923
Type: Multi-Family
Days on market: 81
Est. property tax: $24,752/yr · $2,063/mo · 2.08% IL avg
Last sold: $350,000 · Oct 2005

Estimated monthly payment

Down payment20% ($238,000)

Interest rate6.75%

Principal & Interest$6,175

Property Tax$1,091

Insurance$150

Total$7,415/mo

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Price history

$129K · Jun 89$1.19M · Feb 26

Feb 4, 2026$1,190,000Initial list price
Dec 7, 2022$1,800Price change
Dec 7, 2022$1,700Price change
Oct 14, 2022$1,800Price change
Oct 14, 2022$1,700Price change
Oct 5, 2022$1,900Price change
Oct 5, 2022$1,800Price change
Oct 26, 2005$350,000Sold
Jan 27, 1995$165,000Sold
Jun 6, 1989$129,000Sold

Location

This home is located in Chicago, IL. Browse more Chicago listings on the Chicago market page or explore the full Chicago market report.

About Chicago: Chicago is the most populous city in the U.S. state of Illinois and in the Midwestern United States. Located on the western shore of Lake Michigan, it is the third-most populous city in the United States, with a population of 2.74 million at the 2020 census. The Chicago metropolitan area has 9.41 million residents and is the third-largest metropolitan area in the country. Chicago is the seat of Cook County, the second-most populous county in the U.S. (source: Wikipedia)

Climate: Average year-round temperature is 51°F with 211 dry days per year and 39.9 inches of annual rainfall.