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$1,350,000
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Property Description
Investor Opportunity in Historic Bronzeville | 6 Fully Rehabbed Luxury Condos with a solid Cap Rate. Rare chance to own a stabilized, income-producing portfolio of six (6) individual 2BD/2.5BA condos within a 15-unit building-each with its own PIN. The units feature modern, open floor plans with high-end finishes, stainless steel appliances, in-unit laundry, and central air. Located near Hyde Park, University of Chicago, Rush Medical, and the lakefront. Ideal for long-term hold or individual resale. Capitalize on Chicago's surging South Side market with this plug-and-play investment.
Full Property Details
Full Property Details for 350 E 50th St
General
- Price: $1,350,000
- Taxes: $20,190 (2023)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12306217
- Updated: 12/30/2025
- Added to Site: 316 day(s) ago
Interior
- Basement: Unfinished
- Fireplace: Yes
- Number of Fireplaces: 6
Location
- Area: CHI - Grand Boulevard
- County: Cook
- Township: Hyde Park
- Driving Directions: From 47th and King Drive, South to 50th, 1/4 Block W to property
- Location Details: Corner, Public Transport Avail
Community
- Assoc. Fees Include: Water, Insurance, Lawn Care, Scavenger, Snow Removal, Other
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Individual Furnaces
Utilities
- Water: Municipal Water
Structural Information
- Construction: Brick, Stone
- Exterior Const.: Brick, Stone
- Basement: Yes
- Basement Desc.: Unfinished
- Foundation: Concrete Perimeter, Stone, Other
- Roof: Rubber
- Stories/Levels: 3
- Current Bldg. Use: Condominium, Non-Conforming
- Year Built: 1929
- Built Before 1978: Yes
Unit Information
- Units w/Refrigerators: 6
- Units w/Range/Oven: 6
- # Dryers: 6
Lot Features
- Lot Dimensions: 50 x 75
- Frontage: City Street, Alley Access
- Potential Use: Condominium
- Zoning: OTHER
Financial Considerations
- Insurance Fee: $1,704
- Operating Expenses: $8,880
- Other Fee: $1,800
- Assessment Year: 1929
- Tax Amount: $20,190
- Tax Year: 2023
- Tenant Pays: Electricity, Heat
Disclosures and Reports
- Property ID: 20101170281010
Listed by Jameson Sotheby's Intl Realty
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Schools
Schools serving 350 E 50th St
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Burke Elementary School 5356 South King Drive, Chicago, IL 60615 | PK-8 | 0.5 mi |
Phillips Academy High School 244 East Pershing Road, Chicago, IL 60653 | 12-11 | 1.4 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 350 E 50th St
Date
Details
Price
Change
Source
3/07/2025
Listed
$1,350,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 350 E 50th St
350 E 50th Street, Chicago, IL 60615 (MLS# 12306217) is a Commercial property. 350 E 50th Street is currently listed for $1,350,000 and was received on March 07, 2025. Want to learn more about 350 E 50th Street? Do you have questions about finding other Commercial real estate for sale in Grand Boulevard? You can browse all Grand Boulevard real estate or contact a Coldwell Banker agent to request more information.

