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$575,000
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Property Description
Don't miss out on this CASH COW INCOME PROPERTY in Chicago's Auburn Gresham neighborhood! Spacious layouts, solid tenants and income, and a building that has been meticulously maintained by the current owner. Walk right into an 11.4 cap rate and a ton of room for growth, with value-add opportunities and below-market rents! This classic Chicago brick multi-family consists of a mix of three 3 bed/1 bath units, three 2 bed/1 bath units, and one non-conforming 3 bed/1 bath garden unit. Add some extra income with coin laundry in the basement and 3 detached garage parking spots. Recent updates include a brand new security system, new appliances for all units within last 2 years, 2 new water heaters, the building was sealed/tuckpointed in 2024, and new hallway carpeting and flooring was just installed. Roof is estimated to be about 7 years old, and all furnaces are about 8 years old. Make sure to take advantage, you just don't see investment opportunities like this every day!
Full Property Details
Full Property Details for 1537-39 W 82nd St
General
- Sold For: $575,000
- Taxes: $6,540 (2023)
- Status: Closed
- Type: Commercial
- Source: MRED
- MLS ID: 12216296
- Added to Site: 483 day(s) ago
Interior
- Interior Features: Storage Inside, Laundry Room
Location
- Area: CHI - Auburn Gresham
- County: Cook
- Driving Directions: 83rd to Ashland, north on Ashland to 82nd
Heating & Cooling
- Heating Type: Forced Air, Gas
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Foundation: Concrete Perimeter
- Stories/Levels: 3
- Year Built: 1915
- Built Before 1978: Yes
Unit Information
- # Dryers: 2
Lot Features
- Lot Dimensions: 43 x 125
Financial Considerations
- Operating Expenses: $24,000
- Assessment Year: 1915
- Tax Amount: $6,540.46
- Tax Year: 2023
- Tenant Pays: Electricity, Heat
Disclosures and Reports
- Property ID: 20321240230000
Listed by Berkshire Hathaway HomeServices Chicago
Sold by eXp Realty, LLC
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Price & Sales History for 1537-39 W 82nd St
Date
Details
Price
Change
Source
3/07/2025
Sold
$575,000
-3.36%
MLS
12/06/2024
Listed
$595,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1537-39 W 82nd Street, Chicago, IL 60620 (MLS# 12216296) is a Commercial property that was sold at $575,000 on March 07, 2025. Want to learn more about 1537-39 W 82nd 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.

