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$335,000

  • For Sale
  • Active
  • Commercial
  • 4,338 Sq. Ft.
  • Updated 1 day ago
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Exceptional 5-unit investment in Chicago's New City/Back of the Yards community. Originally a 4-unit building of 2BD apartments, extensive work was completed in 2011 to secure city permits for a legal 5th unit - a spacious 3BD - bringing the total to five income-producing apartments. New boiler and hot water tank installed 2016. Comprehensive roof repair completed 2024 and remains under contractor warranty. Located near Sherman Park, ALDI, local dining, and everyday retail. There is strong commuter appeal with Red, Green and Orange lines running in various directions and multiple bus stops close to the property.. A stabilized 5-unit asset with major capital improvements done - turnkey addition to any portfolio. Offered at $335,000.

Full Property Details for 732 W 54th Pl

General

  • Price: $335,000
  • HOA FEE: $500
  • Taxes: $3,959 (2024)
  • Status: Active
  • Type: Commercial
  • Source: MRED
  • MLS ID: 12689077

Interior

  • Basement: Finished

Additional Information

  • Security/Safety: Fire Extinguisher(s)

Location

  • Area: CHI - New City
  • County: Cook
  • Township: Hyde Park
  • Driving Directions: Halsted North or South to 54th Place, East to address on the left.
  • Location Details: Mixed-Use Area, Public Transport Avail, In City Limits

Heating & Cooling

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

Utilities

  • Water: Community Water, Municipal Water
  • Trash: 1980
  • Onsite: Water Available

Structural Information

  • Construction: Brick
  • Exterior Const.: Brick
  • Basement: Yes
  • Basement Desc.: Finished
  • Stories/Levels: 3
  • Square Feet: 4,338
  • Current Bldg. Use: Multi-Family
  • Year Built: 1895
  • Built Before 1978: Yes

Unit Information

  • Units w/Refrigerators: 5
  • Units w/Range/Oven: 5

Lot Features

  • Lot Size (Sq. Ft.): 6,250
  • Lot Dimensions: 50 x 125
  • Frontage: City Street
  • Potential Use: Condominium, Multi-Family, Elderly Housing
  • Zoning: MULTI

Financial Considerations

  • Maint. Fee: $500
  • Insurance Fee: $2,800
  • Operating Expenses: $18,906
  • Security Deposit: Fire Extinguisher/s
  • Assessment Year: 1895
  • Tax Amount: $3,959
  • Tax Year: 2024
  • Pays Electric: 1933
  • Pays Trash: 1980

Disclosures and Reports

  • Documents Avail.: Rent Roll, Tenant Lease(s)
  • Property ID: 20093240280000
Buyer's Brokerage Compensation: Contact Listing Agent
Not binding unless confirmed by separate agreement among applicable parties.

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— 732 W 54th Pl —

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NMLS#: 1598647

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NMLS#: 1598647

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

Schools serving 732 W 54th Pl

School District:Chicago Public School District 299
NameGradesDistance
Dewey Elementary Academy Of Fine Arts
5415 South Union Avenue, Chicago, IL 60609
PK-80.1 mi
Tilden Career Communty Academy High School
4747 South Union Avenue, Chicago, IL 60609
9-120.8 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Tax History for 732 W 54th Pl

Year
Property Taxes
Change
Tax Assessment
Change
2023
$2,465
—
$23,000
53%
2023
$2,465
3%
$14,999
—
2022
$2,382
2%
$14,999
—
2021
$2,346
-30%
$14,999
-17%
2020
$3,354
-4%
$18,160
-13%
2019
$3,505
2%
$20,874
—
2018
$3,445
-16%
$20,874
-7%
2017
$4,095
75%
$22,399
—
2016
$2,345
11%
$22,399
—
2015
$2,106
8%
$22,399
22%
2014
$1,951
-32%
$18,357
—
2013
$2,860
79%
$18,357
—
2012
$1,601
—
$18,357
—
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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732 W 54th Place, Chicago, IL 60609 (MLS# 12689077) is a Commercial property. 732 W 54th Place is currently listed for $335,000 and was received on June 25, 2026. This property is listed by Maikol Akintonde from our Northwest Indiana Office.Want to learn more about 732 W 54th Place? Do you have questions about finding other Commercial real estate for sale in New City? You can browse all New City real estate or contact a Coldwell Banker agent to request more information.

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