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Property Description

Prime opportunity for investors looking for both immediate cash flow and long-term upside. This well-maintained 8-unit building includes six spacious 3 bed / 1 bath units with hardwood floors, decorative fireplaces, large windows, and private decks, offering plenty of character and natural light throughout. Two garden units round out the mix: one 2 bed / 1 bath, and one 1 bed + office / 1 bath, perfect for added rental flexibility. Tenants enjoy convenient on-site laundry and extra storage in the basement, plus plenty of parking in back. Recent updates include new water heaters (both replaced within the last 2 years) and a modernized boiler system with wireless thermostats. The building is already producing strong cash flow, with room to add value over time. Located just a short walk to the Green Line and Washington Park, and with quick access to 90/94, this property offers a convenient location. Whether you're expanding your portfolio or jumping into multifamily for the first time, this building is a smart, solid play.

Features & Information

Key Details

List Price $925,000
Property Taxes 7,408.97
Price/ Sq. Ft. Unavailable
Year Built 1910
Status Active

Building Information

Age of Building Older
Exterior Construction Brick
Heating & Cooling Radiators

Location

County Cook
Directions to Property Northeast Corner Of S Michigan Ave & E 59th St.

Property Taxes
Tax 7,408.97
Parcel Identification Number 20151210140000

Listed by James Mattz for Keller Williams Preferred Rlty | Source: MRED as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 6/29/2025 6:32 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Explore Washington Park

For now Chicago's Washington Park neighborhood may be a predominantly residential south side community with a sprawling public park and rich culture of African-American heritage, however, as the potential site of the Olympic Stadium for the 2016 Summer Games, this modest neighborhood could really make its mark in the near future. Remnants of the last century's architectural movement are found throughout the area, with a wave of new designs and gut rehabs dusting the streets as well. As Olympic talk heightens, developers and city officials are anticipating the impact such a huge event would have on Washington Park. Temporary athlete lodgings and the massive 80,000-seat arena would only be around for a short period, but the hope is that a surge of new businesses would ride in on the coattails of this once-in-a-lifetime opportunity to bolster the Washington Park neighborhood for decades to come. The current commercial base is slight, with a few soul food mainstays and Chinese takeout, but the annual cultural festivals and fun Park District programs keep things on the up as Washington Park awaits an impending transformation of Olympic proportions.

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