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$1,290,000
Est. payment /mo
4,008 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 4,008 sqft
Price per Sqft $321
MLS Listing ID 12745712
Year Built 1895
Annual Tax Amount $12,201
Tax Year 2025
Lot Size 2,613 Sqft
Lot Dimensions 24 X 125
Property Sub-Type Multi Family 5+
Property Description
The property presents an attractive value-add investment opportunity in Chicago's Bridgeport neighborhood. The brick building contains six legal units consisting of five two-bedroom/one-bath apartments and one studio, plus two large non-conforming loft-style studio units. The non-conforming units may offer the potential to be duplexed into existing apartments or converted to legal dwelling units under Chicago's expanded ADU ordinance, subject to zoning and municipal approval. A rear brick structure provides additional flexibility and could potentially be converted into a garage, repurposed as an additional ADU or demolished to create a larger parking pad. The property also includes a full basement with shared laundry and tenant storage. With strong cash flow in place and several opportunities to increase the property's legal unit count and long-term value, this property offers investors a compelling combination of immediate income and future upside.
Location
State IL
County Cook
Area Chi - Bridgeport
Zoning MULTI
Interior
Cooling Central Air, Central Individual, Wall Sleeve
Fireplace N
Exterior
Roof Type Composition
Building
Dwelling Type Multi Family 5+
Structure Type Brick
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Listed by Angelo Labriola of Sperry Van Ness
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