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$215,000
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Property Description
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
Full Property Details for 732 W 54th Pl
General
- Sold For: $215,000
- Taxes: $3,959 (2024)
- Status: Closed
- Type: Commercial
- Source: MRED
- MLS ID: 12689077
Additional Information
- Security/Safety: Fire Extinguisher(s)
Location
- Area: CHI - New City
- County: Cook
- 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
- Onsite: Water Available
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- 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
- For Sale/Rent/Lease: For Sale Only
- Operating Expenses: $18,906
- Security Deposit: Fire Extinguisher/s
- Assessment Year: 1895
- Tax Amount: $3,959
- Tax Year: 2024
Disclosures and Reports
- Documents Avail.: Rent Roll, Tenant Lease(s)
- Property ID: 20093240280000
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Schools
Schools serving 732 W 54th Pl
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Dewey Elementary Academy Of Fine Arts 5415 South Union Avenue, Chicago, IL 60609 | PK-8 | 0.1 mi |
Tilden Career Communty Academy High School 4747 South Union Avenue, Chicago, IL 60609 | 9-12 | 0.8 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
732 W 54th Place, Chicago, IL 60609 (MLS# 12689077) is a Commercial property that was sold at $215,000 on September 30, 2026. This property was 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.


