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$1,300,000

  • For Sale
  • Active
  • Commercial
  • 10,118 Sq. Ft.
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Presenting 724 East 50th Place, a six-unit multifamily asset in Bronzeville priced at $$216,667/unit which is below active comps and in line with recent trades. The building is comprised of two 4BD/3BA duplex units and four 3BD/2BA units, plus 5 exterior parking spaces, and received a comprehensive 2005 renovation covering the roof, masonry, windows, plumbing, electrical, and HVAC. Year 1 NOI is $92,029 (7.08 cap) which includes an $8k increase in property taxes, growing to $115,957 (8.92 cap) pro-forma by leasing the one vacant unit and pushing rents to market. Located minutes from the University of Chicago and UChicago Medicine, the South Side's largest private employer, in a submarket where median household income has grown my more than half since 2011. Offering Memorandum available upon request.

Full Property Details for 724 E 50th Pl

General

  • Price: $1,300,000
  • HOA FEE: $6,618
  • Taxes: $25,206 (2025)
  • Status: Active
  • Type: Commercial
  • Source: MRED
  • MLS ID: 12752591
  • Updated: 9/14/2026
  • Added to Site: 22 day(s) ago

Location

  • Area: CHI - Grand Boulevard
  • County: Cook
  • Driving Directions: From 51st St, turn north onto Evans Ave. Turn right onto 50th Place (one way street), and the listing will be on the north (left) side of the street.

Heating & Cooling

  • Cooling Type: Central Individual
  • Heating Type: Forced Air, Gas, Individual Furnaces

Utilities

  • Trash: 3284

Structural Information

  • Stories/Levels: 3
  • Square Feet: 10,118
  • Year Built: 1893
  • Built Before 1978: Yes

Lot Features

  • Lot Dimensions: 50 x 125
  • Zoning: MULTI

Financial Considerations

  • Maint. Fee: $6,618
  • Insurance Fee: $6,600
  • Operating Expenses: $62,909
  • Other Fee: $11,611
  • Assessment Year: 1893
  • Tax Amount: $25,206
  • Tax Year: 2025
  • Tenant Pays: Air Conditioning, Electricity, Heat, Hot Water
  • Pays Electric: 878
  • Pays Trash: 3284

Disclosures and Reports

  • Property ID: 20102260370000

Listed by @properties Commercial

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— 724 E 50th Pl —

  • @properties Commercial

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Schools serving 724 E 50th Pl

School District:Chicago Public School District 299
NameGradesDistance
Reavis Elementary Math & Sci Spec School
834 East 50th Street, Chicago, IL 60615
PK-80.1 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 724 E 50th Pl Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/07/2026
Listed
$1,300,000
6.12%
MLS
7/27/2021
Sold
$1,225,000
—
Public Record
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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 724 E 50th Pl

Year
Property Taxes
Change
Tax Assessment
Change
2023
$10,951
—
$85,022
64%
2023
$10,951
3%
$51,734
—
2022
$10,674
2%
$51,734
—
2021
$10,434
24%
$51,734
36%
2020
$8,444
-2%
$37,906
-12%
2019
$8,654
2%
$43,075
—
2018
$8,509
12%
$43,075
22%
2017
$7,598
7%
$35,293
—
2016
$7,069
9%
$35,293
—
2015
$6,467
14%
$35,293
16%
2014
$5,669
2%
$30,554
—
2013
$5,557
1%
$30,554
—
2012
$5,483
—
$30,554
—
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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Listed by @properties Commercial

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724 E 50th Place, Chicago, IL 60615 (MLS# 12752591) is a Commercial property. 724 E 50th Place is currently listed for $1,300,000 and was received on September 07, 2026. Want to learn more about 724 E 50th Place? 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.

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