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$499,900
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Property Description
VALUE-ADD 6-UNIT MULTIFAMILY | PRIME SOUTH SHORE LOCATION This 6-unit multifamily investment sits in the heart of South Shore, directly across from the Metra Electric Line and steps from the Fresh Market retail corridor, providing exceptional transit access and walkability-key drives tenant demand. South Shore continues to experience significant public and private investment, anchored by the upcoming Obama Presidential Library (opening June 2026), along with surrounding infrastructure, retail, and residential development that is accelerating neighborhood appreciation and rental growth. The property features six oversized 2-bedroom / 1-bath units, each offering sunrooms, separate living and dining rooms, large kitchens with pantries, and well-sized bedrooms-layouts that outperform smaller unit configurations and support strong rent growth. Unit sizes and layouts are ideal for repositioning through light to moderate renovations. The expansive rear yard provides a clear opportunity to add parking, creating additional income and enhancing tenant appeal-an uncommon value-add feature for the area. This asset presents a compelling value-add opportunity with upside through.....Market rent increases...Interior unit upgrades Potential parking income...And Long-term appreciation driven by major nearby development, Ideal for investors seeking stable cash flow today with meaningful upside tomorrow in one of Chicago's most actively revitalizing lakefront-adjacent neighborhoods.
Full Property Details
Full Property Details for MLS# 12534888
General
- Price: $499,900
- Taxes: $6,412 (2024)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12534888
- Updated: 12/29/2025
- Added to Site: 24 day(s) ago
Interior
- Basement: Finished, P
Location
- Area: CHI - South Shore
- County: Cook
- Township: Hyde Park
- Driving Directions: North or South on Jeffery to 69th. 69th to Clyde. Clyde to 7047
Heating & Cooling
- Heating Type: Gas, Hot Water
Utilities
- Trash: 2400
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Basement: Yes
- Basement Desc.: Finished, Partially Finished
- Stories/Levels: 3
- Year Built: 1918
- Built Before 1978: Yes
Lot Features
- Lot Dimensions: 9036
Financial Considerations
- Insurance Fee: $8,000
- Operating Expenses: $38,112
- Assessment Year: 1918
- Tax Amount: $6,412
- Tax Year: 2024
- Tenant Pays: Electricity
- Pays Electric: 900
- Pays Trash: 2400
Disclosures and Reports
- Property ID: 20244230110000
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Schools
Schools serving MLS# 12534888
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Okeeffe Elementary School 6940 South Merrill Avenue, Chicago, IL 60649 | K-8 | 0.1 mi |
South Shore Intl Col Prep High School 1955 East 75th Street, Chicago, IL 60649 | 12- | 0.6 mi |
Chicago Vocational Career Academy High School 2100 East 87th Street, Chicago, IL 60617 | 9-11 | 2 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 MLS# 12534888
Date
Details
Price
Change
Source
12/23/2025
Listed
$499,900
—
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 MLS# 12534888
MLS# 12534888, Chicago, IL 60649 (MLS# 12534888) is a Commercial property. MLS# 12534888 is currently listed for $499,900 and was received on December 23, 2025. Want to learn more about MLS# 12534888? Do you have questions about finding other Commercial real estate for sale in South Shore? You can browse all South Shore real estate or contact a Coldwell Banker agent to request more information.

