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$315,000
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Property Description
Maximize your ROI with this exceptional middle-income rental development opportunity! This solid Chicago brick building, complete with balconies, is strategically located in a transit-connected hub, blocks from Metra, Jackson Park, and the Obama Library site, and just a stone's throw from the lakefront. Though in need of a full rehab, the payoff is immense. Currently set up as six 2 Bed/1 Bath units, the exceptionally high basement provides valuable space for potential expansion and increased revenue. This isn't just any building; it's a solid masonry structure with a steel center beam, built to last, a tank of a building. Plus, enjoy the added convenience of a brick 5-car garage on the alley. Seller willing to offer seller financing for this building.
Full Property Details
Full Property Details for 1526 E 72nd Pl
General
- Price: $315,000
- Taxes: $3,388 (2023)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12467147
- Updated: 11/6/2025
- Added to Site: 128 day(s) ago
Location
- Area: CHI - South Shore
- County: Cook
- Driving Directions: 71st Street and stony island to 72nd place
Heating & Cooling
- Cooling Type: None
- Heating Type: Gas, Hot Water
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Foundation: Concrete Perimeter
- Stories/Levels: 3
- Square Feet: 5,736
- Year Built: 1917
- Built Before 1978: Yes
Lot Features
- Lot Size (Acres): 0.14
- Lot Size (Sq. Ft.): 6,250
- Lot Dimensions: 50 x 125
- Zoning: MULTI
Financial Considerations
- Operating Expenses: $11,200
- Other Fee: $20,000
- Assessment Year: 1917
- Tax Amount: $3,388
- Tax Year: 2023
- Tenant Pays: None
Disclosures and Reports
- Property ID: 20262110130000
Listed by Exit Strategy Realty / EMA Management
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Schools
Schools serving 1526 E 72nd Pl
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Madison Elementary School, Chicago, IL 7433 South Dorchester Avenue, Chicago, IL 60619 | K-8 | 0.3 mi |
Chicago Vocational Career Academy High School 2100 East 87th Street, Chicago, IL 60617 | 9-11 | 1.9 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1526 E 72nd Pl
Date
Details
Price
Change
Source
9/09/2025
Listed
$315,000
1475%
MLS
2/28/2025
Sold
$20,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1526 E 72nd Pl
Year
Property Taxes
Change
Tax Assessment
Change
2023
$3,388
3%
$15,999
—
2022
$3,291
2%
$15,999
—
2021
$3,217
-15%
$15,999
-6%
2020
$3,797
-1%
$17,044
-11%
2019
$3,848
2%
$19,151
—
2018
$3,783
-34%
$19,151
-28%
2017
$5,692
7%
$26,440
—
2016
$5,296
9%
$26,440
—
2015
$4,845
15%
$26,440
17%
2014
$4,211
2%
$22,695
—
2013
$4,128
1%
$22,695
—
2012
$4,073
—
$22,695
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1526 E 72nd Pl
1526 E 72nd Place, Chicago, IL 60619 (MLS# 12467147) is a Commercial property. 1526 E 72nd Place is currently listed for $315,000 and was received on September 09, 2025. Want to learn more about 1526 E 72nd Place? Do you have questions about finding other Commercial real estate for sale in South Shore? You can browse all South Shore real estate or contact a Coldwell Banker agent to request more information.

