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$525,000

  • For Sale
  • Active
  • Commercial
  • 3,994 Sq. Ft.
  • Updated 2 days ago
See This Home
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Exceptional cash-flow opportunity in Chicago's Auburn Gresham neighborhood! This solid five-unit brick building features an attractive unit mix of two spacious 2-bedroom apartments and three generously sized 1-bedroom apartments, providing a diversified rental income stream. Several units have been updated with recent renovations, offering immediate rental appeal while presenting additional value-add potential through future improvements and rent optimization. The property is heated by a newer, central boiler system, helping to simplify maintenance and operating expenses. Water heater and electric meters have also been updated. Conveniently located within walking distance of a Metra station, multiple bus lines and grocery stores, the building offers excellent commuter access, supporting strong tenant demand and occupancy. Rent roll and expenses are available upon request for qualified buyers. One unit is currently vacant. No representations are made regarding the legality of garden unit.

Full Property Details for 1526 W 89th St

General

  • Price: $525,000
  • HOA FEE: $500
  • Taxes: $5,288 (2024)
  • Status: Active
  • Type: Commercial
  • Source: MRED
  • MLS ID: 12691638
  • Updated: 7/18/2026
  • Added to Site: 21 day(s) ago

Interior

  • Basement: Partially

Location

  • Area: CHI - Auburn Gresham
  • County: Cook
  • Township: Lake
  • Driving Directions: Ashland to 89th Street. East to Laflin. U-turn at Laflin and West to property.
  • Location Details: Corner, Public Transport Avail

Heating & Cooling

  • Cooling Type: Window Unit(s)
  • Heating Type: Central Building Heat, Gas, Radiators

Utilities

  • Trash: 1644

Structural Information

  • Construction: Brick
  • Exterior Const.: Brick
  • Basement: Yes
  • Basement Desc.: Partially Finished
  • Stories/Levels: 2
  • Square Feet: 3,994
  • Current Bldg. Use: Multi-Family
  • Year Built: 1929
  • Built Before 1978: Yes

Unit Information

  • Units w/Refrigerators: 5
  • Units w/Range/Oven: 5
  • # Dryers: 1

Lot Features

  • Lot Size (Sq. Ft.): 4,088
  • Lot Dimensions: 30 x 135

Financial Considerations

  • Maint. Fee: $500
  • Insurance Fee: $3,693
  • Operating Expenses: $18,668
  • Other Fee: $155
  • Assessment Year: 1929
  • Tax Amount: $5,288
  • Tax Year: 2024
  • Tenant Pays: Electricity
  • Pays Electric: 414
  • Pays Trash: 1644

Disclosures and Reports

  • Documents Avail.: Rent Roll, Leases
  • Property ID: 25051090180000

Listed by Sound Realty, LLC

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— 1526 W 89th St —

  • Sound Realty, LLC

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NMLS#: 1598647

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NMLS#: 1598647

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with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 1526 W 89th St

School District:Chicago Public School District 299
NameGradesDistance
Fort Dearborn Elementary School
9025 South Throop Street, Chicago, IL 60620
PK-80.4 mi
Harlan Community Academy High School
9652 South Michigan Avenue, Chicago, IL 60628
9-122.3 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1526 W 89th St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
6/30/2026
Listed
$525,000
98.11%
MLS
4/09/2021
Sold
$265,000
—
Public Record
Get Price Alerts and Save Property
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 for 1526 W 89th St

Year
Property Taxes
Change
Tax Assessment
Change
2023
$5,288
—
$30,000
20%
2023
$5,288
3%
$25,000
—
2022
$5,157
2%
$25,000
—
2021
$5,042
3%
$25,000
15%
2020
$4,873
-1%
$21,820
-11%
2019
$4,939
18%
$24,517
—
2018
$4,175
-15%
$24,517
-7%
2017
$4,936
3%
$26,254
—
2016
$4,770
10%
$26,254
—
2015
$4,341
19%
$26,254
19%
2014
$3,643
2%
$22,154
—
2013
$3,559
1%
$22,154
—
2012
$3,535
—
$22,154
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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1526 W 89th Street, Chicago, IL 60620 (MLS# 12691638) is a Commercial property. 1526 W 89th Street is currently listed for $525,000 and was received on June 30, 2026. Want to learn more about 1526 W 89th Street? Do you have questions about finding other Commercial real estate for sale in Auburn Gresham? You can browse all Auburn Gresham real estate or contact a Coldwell Banker agent to request more information.

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