1656 E 84th Street, Chicago IL 60617
$545,000

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Property Description

Solid, Fully Occupied Income-Generating 4-Unit Brick Building! This well-maintained investment property is being sold AS-IS and offers immediate rental income with numerous updates and improvements already completed. In 2019, each unit was upgraded with new individual heat and air-conditioning. Kitchens and bathrooms were remodeled, hardwood floors were refinished, and a new master key system was installed throughout the building. Recent improvements include a new hot water heater in 2026, roof recoating, new gutters and in 2025, coin-operated laundry, garage space and storage lockers rented separately providing an additional source of income. All four units are currently occupied, and tenants pay their own utilities except water. A great opportunity for an investor looking for a solid, income-producing property on quiet block with substantial improvements already in place. A must-see!

Features & Information

Key Details

  • List Price $545,000
  • Property Taxes $7,024
  • Year Built 1923
  • Status New
  • List Market Time 5

Units

  • Unit 1

  • Floor 1
  • Rooms 5
  • Beds 2
  • Baths 1
  • Appliances Stove, Refrigerator, Central Air Conditioner, Fireplace-Artificial, Hardwood Floors
  • Rent $1,250/mo
  • Tenant Pays Electric,Gas,Heat
  • Lease Expires 01/27
  • Unit 2

  • Floor 1
  • Rooms 4
  • Beds 1
  • Baths 1
  • Appliances Stove, Refrigerator, Central Air Conditioner, Fireplace-Artificial, Hardwood Floors
  • Rent $1,050/mo
  • Tenant Pays Electric,Gas,Heat
  • Lease Expires 01/27
  • Unit 3

  • Floor 2
  • Rooms 5
  • Beds 2
  • Baths 1
  • Appliances Stove, Refrigerator, Central Air Conditioner, Fireplace-Artificial, Hardwood Floors
  • Rent $1,250/mo
  • Tenant Pays Electric,Gas,Heat
  • Lease Expires 01/27
  • Unit 4

  • Floor 2
  • Rooms 4
  • Beds 1
  • Baths 1
  • Appliances Stove, Refrigerator, Central Air Conditioner, Fireplace-Artificial, Hardwood Floors
  • Rent $750/mo
  • Tenant Pays Electric,Gas,Heat
  • Lease Expires 01/27

Exterior Features

  • Parking

  • # of Cars:  2

Building Information

  • Number of Units 4
  • Age of Building 100+ Years

Location

  • County Cook
  • Township Hyde Park
  • Corporate Limits Chicago
  • Directions to Property Stony Island North Or South To 84th East To Property
  • Schools

  • Elementary School District 299
  • Junior High District 299
  • High School District: 299
  • Property Taxes

  • Tax 7023.58
  • Tax Year 2025
  • Parcel Identification Number 20363020390000

Listed by Stephne Pettitt-Gaines for EXIT Strategy Realty | Source: MRED as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 9/16/2026 9:02 PM. 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 Avalon Park

From shanties on stilts to brick bungalows on solid ground, this small community has stood tall and strong on Chicago's south side over the years and it will continue to thrive for many more to come. Avalon Park is a classic Chicago neighborhood where rows of single-family homes stand on private lots, offering residents a place all their own. Some new constructions instill a sense of modernity in this small section of town, but for the most part Avalon Park is steeped in conventional living.

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