MLS #MRD12599733 image #0MLS #MRD12599733 image #1MLS #MRD12599733 image #2MLS #MRD12599733 image #3MLS #MRD12599733 image #4MLS #MRD12599733 image #5MLS #MRD12599733 image #6MLS #MRD12599733 image #7MLS #MRD12599733 image #8MLS #MRD12599733 image #9MLS #MRD12599733 image #10MLS #MRD12599733 image #11
This is a unique opportunity to acquire a fully occupied, 11-unit investment property in Chicago’s historic Jackson Park Highlands with little capital needed to increase rents. Current rents are running significantly below market, giving a new owner a clear and immediate path to grow income as units turn – no renovations, no forced displacement. The building has undergone significant improvements over the past several years, including new AC units, updated plumbing, updated electrical panels, security cameras, on-site laundry, and a custom dog park with a drainage system. A gated parking lot – rare for a building of this size – is currently unmonetized and represents additional untapped income potential. The neighborhood is only getting better: the Obama Presidential Center, Quantum Shore Development, Thrive Exchange, and more are all driving renewed demand and long-term appreciation in the area.

Property Details

Price:
$1,050,000
MLS #:
MRD12599733
Status:
Active
Beds:
1
Baths:
1
Type:
Commercial
Neighborhood:
chisouthshore
Listed Date:
Mar 23, 2026
Year Built:
1961
Chi – South ShoreChisouthshore

Schools

Interior

Cooling
Wall Sleeve

Exterior

Construction Materials
Brick
Stories
3

Financial

Maintenance Fee
$5,500
Net Operating Income
$90,162
Tax Year
2024
Taxes
$10,762

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