MLS #MRD12613700 image #0MLS #MRD12613700 image #1MLS #MRD12613700 image #2MLS #MRD12613700 image #3MLS #MRD12613700 image #4MLS #MRD12613700 image #5MLS #MRD12613700 image #6MLS #MRD12613700 image #7MLS #MRD12613700 image #8MLS #MRD12613700 image #9
12-unit brick walk-up building located in Chicago’s East Chatham neighborhood. The property features a well-balanced unit mix of six (6) one-bedroom / one-bath apartments and six (6) two-bedroom / one-bath apartments, catering to strong and consistent tenant demand in the submarket. The building has undergone significant recent capital improvements, positioning it as a turnkey investment opportunity with meaningful rental upside. Major upgrades include the installation of brand-new Mitsubishi heating and air conditioning minisplit systems in all units (completed in 2025), providing tenants with modern, energy-efficient climate control. Hot water is supplied by two (2) newly installed Rheem Performance 75-gallon natural gas water heaters (150 gallons total), each backed by a 6-year warranty. The roof was replaced approximately six years ago, further reducing near-term capital expenditure concerns. Additional building enhancements include individual electrical panels and a full perimeter security camera system, both newly installed in 2025, improving operational efficiency, safety, and long-term asset performance. This well-maintained East Chatham asset offers a stabilized, low-maintenance property with organic rent growth potential. With modern mechanical systems already in place and strong neighborhood fundamentals, ownership can benefit from a clean, turnkey operation and long-term hold stability.

Property Details

Price:
$875,000
MLS #:
MRD12613700
Status:
Active
Beds:
3
Baths:
4
Type:
Commercial
Neighborhood:
chichatham
Listed Date:
Apr 8, 2026
Total Sq Ft:
8,118
Lot Size:
3,844 sqft / 0.08 acres (approx)
Year Built:
1924
Chi – ChathamChichatham

Schools

Interior

Cooling
Central Individual

Exterior

Construction Materials
Brick
Stories
3

Financial

Maintenance Fee
$6,000
Net Operating Income
$78,504
Tax Year
2024
Taxes
$17,500

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