- 8 beds
- 2 baths
- – sqft
- 4,356 sqft lot
- 1924 build
- – on site
Welcome to this very well maintained brick 2-unit brick! This building is located in the heart of South Chicago and offers a spacious 4 bedrooms per floor! Whether you're an investor seeking a high-performing rental property (.09 cap rate) or a homeowner looking for rental income, this property is a perfect fit! Tenants pay their own utilities and there is a 2 car brick garage. Unit 1 features 4 spacious bedrooms, 1 bathroom, a light-filled living room, and a functional kitchen with ample cabinet space. Unit 2 features 4 generous bedrooms, 1 bathroom, a large living area, and an updated kitchen perfect for entertaining. There is a full unfinished basement, ideal for additional storage or future development. There is a side driveway and good sized backyard, perfect for relaxing or entertaining. A few key updates are a newer roof (installed within the last 5 years), updated plumbing and electrical systems, renovated 2nd floor, well-maintained interiors in both units. There is a long term tenant on the 1st floor and the 2nd floor is recently vacant but was rented for $1700! The current annual expenses are low! Only $3,100 with a previous income of 36,000 and projected income of $40,800! ($1700 per unit). This property is minutes from Lake Michigan, parks, and local shops. Enjoy easy access to public transportation, major highways, and the developing South Shore and South Chicago area. The location offers great potential as the neighborhood continues to grow and attract smart homeowners and investors. Schedule your private showing today!
Last checked:
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Last updated Jun 13, 2025
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MLS# 12373801 —
The Building
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Year Built:1924
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Rebuilt:No
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New Construction:false
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Construction Materials:Brick
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Basement:Unfinished, Full
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Foundation Details:Concrete Perimeter
Interior
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Rooms Total:12
Location
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Directions:83rd E OR W TO EXCHANGE, SOUTH TO PROPRTY
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Location:87738
The Property
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Parcel Number:21314180390000
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Property Type:Residential Income
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Lot Size Dimensions:4687
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Lot Size Acres:0.1
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Zoning:MULTI
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Waterfront:false
Listing Agent
- Contact info:
- Agent phone:
- (773) 885-6263
- Office phone:
- (312) 216-2422
Taxes
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Tax Year:2023
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Tax Annual Amount:2531.91
Beds
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Bedrooms Total:8
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Bedrooms Possible:8
Baths
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Baths:2
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Full Baths:2
The Listing
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Special Listing Conditions:None
Heating & Cooling
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Heating:Radiator(s)
Utilities
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Sewer:Public Sewer
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Water Source:Lake Michigan
Schools
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Elementary School District:299
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Middle Or Junior School District:299
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High School District:299
Parking
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Parking Total:2
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Parking Features:On Site, Garage Owned, Detached, Garage
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Garage Spaces:2
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
5/23/25
May 23, 2025
|
Listed / Active | MRED | $340,000 | 23.6% (6.3% / YR) |
4/2/25
Apr 2, 2025
|
Listed / Active | MRED | ||
2/19/25
Feb 19, 2025
|
Sold Subject To Contingencies | MRED |