Date
Details
Price
Change
Source
4/01/2026
Listed
$695,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$695,000 Just Listed
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Property Description
Contemporary New Construction 3-Unit Building in Auburn Gresham - Owner-Occupant Buyers Only New construction 3-unit residential building offering three spacious units, each featuring 3 bedrooms and 2 full bathrooms with open-concept layouts. Designed for modern living, each unit includes private outdoor deck space and high-quality finishes throughout. Kitchens feature stainless steel appliances, induction stove with built-in air fryer, soft-close cabinetry, and premium quartz countertops. Units also include in-unit washer and dryer, video intercom system, recessed lighting throughout, and ceiling fans where appropriate. Built with a high-performance building envelope, the property includes high-efficiency HVAC systems, central air, energy-efficient water heaters, double-pane windows, foam insulation in exterior walls and ceilings, and low-flow plumbing fixtures-enhancing comfort while reducing long-term operating costs. Additional features include premium wood grain luxury vinyl flooring throughout and three assigned parking spaces. Developer is offering $15,000 closing cost assistance. Owner-occupant buyers only. Buyers will participate in landlord and real estate training classes designed to support successful ownership and long-term investment performance.
Full Property Details
Full Property Details for 506 W 81st St
General
- Price: $695,000
- Taxes: (2024)
- Status: Active
- Type: Multi-Family
- Source: MRED
- MLS ID: 12607088
- Updated: 4/1/2026
- Added to Site: 2 day(s) ago
Rental Information
- Complex Features: Park
Interior
- Basement: None
Rooms
Bathrooms
- Total Bathrooms: 6
- Upper - Full Baths: 6
Bedrooms
- Total Bedrooms: 9
Additional Information
- Equipment: Security System, Intercom, Carbon Monoxide Detectors, Ceiling Fan(s), Multiple Water Heaters, Water Heater-Electric
Parking
- Garage: Yes
- Total Spaces: 3
- Parking Features: Assigned, Garage Faces Side, Yes
Location
- Area: CHI - Auburn Gresham
- County: Cook
- Township: South Chicago
- Driving Directions: Take Vincennes Ave south to 81st, turn right onto W 81st street
School Information
- School District: 30
- Elem School District: 30
- Midd School District: 299
- High School District: 299
- Elementary School: Wescott Elementary School
- Middle School: Mcdade Elementary School Classic
- High School: Simeon Career Academy High Schoo
- Private School: Simeon Career Academy High Schoo
Heating & Cooling
- Heating Type: Electric
Utilities
- Sewer: Public Sewer
- Water: Lake Michigan, Public
Structural Information
- Construction: Frame, Other
- Exterior Const.: Frame, Other
- Basement Desc.: None
- Foundation: Concrete Perimeter
- Roof: Flat
- Year Built: 2026
Unit Information
- Units in Building: 3
Additional Structures
- Other Structures: None
Lot Features
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 24 x 125
- Zoning: MULTI
Financial Considerations
- Parking Included: Yes
- Assessment Year: 2026
- Tax Year: 2024
- Pays Sewer: Public Sewer
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 20331120390000
Listed by Village Realty, Inc.
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Listing agent
— 506 W 81st St —
Village Realty, Inc.
NMLS#: 1598647
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Schools
Schools serving 506 W 81st St
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Westcott Elementary School 409 West 80th Street, Chicago, IL 60620 | PK-8 | 0.1 mi |
Hirsch Metropolitan High School 7740 South Ingleside Avenue, Chicago, IL 60619 | 9-12 | 1.9 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 506 W 81st St
Tax History
Tax History for 506 W 81st St
Year
Property Taxes
Change
Tax Assessment
Change
2023
100%
100%
2022
100%
100%
2021
100%
100%
2020
100%
100%
2019
—
—
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 506 W 81st St
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- Single Family
- Active
- Updated 3 days ago
- 3Beds
- 1Total Bath
- 1,008Sq. Ft.
Listed by Lisa Clemente (708) 268-8641
- Single Family
- Active
- Updated 1 day ago
- 3Beds
- 2Total Baths
- 1,625Sq. Ft.
- Single Family
- Active
- Updated 2 days ago
- 4Beds
- 3Total Baths
- 1,896Sq. Ft.
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- Single Family
- Closed
- Updated 21 hours ago
- 4Beds
- 4Total Baths
- 3,210Sq. Ft.
506 W 81 Street, Chicago, IL 60620 (MLS# 12607088) is a Multi-Family property with 3 units containing 9 bedrooms and 0 full bathrooms. 506 W 81 Street is currently listed for $695,000 and was received on April 01, 2026. Want to learn more about 506 W 81 Street? Do you have questions about finding other Multi-Family 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.