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$ 1,325,000
Est. payment | /mo
6,440 SqFt
$ 1,325,000
Est. payment | /mo
6,440 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 6,440 sqft
Price per Sqft $205
MLS Listing ID 12399264
Year Built 1920
Annual Tax Amount $15,525
Tax Year 2023
Lot Size 2,613 Sqft
Lot Dimensions 25X115
Property Sub-Type Multi Family 5+
Property Description
Large 7-unit brick apartment building at the coveted corner of Throop Street and 29th Street, offering a rare investment opportunity. This well-maintained property features spacious 1, 2, and 3-bedroom units, recently updated to attract quality tenants while retaining a few long-term residents for stability. With an annual rental income above 110,000, the below-market rents present significant upside potential for immediate revenue growth through strategic increases. Tenant-paid utilities and low operating expenses ensure strong cash flow, making this a low-maintenance, high-yield asset. The building's financial appeal is further enhanced by a successful 2024 tax appeal, resulting in a reduced property tax burden. Its corner location provides excellent visibility and accessibility, ideal for sustained tenant demand. With modern updates already in place and minimal upkeep required, this property is positioned for both short-term gains and long-term appreciation. Don't miss the chance to acquire a turnkey multifamily investment with immediate value-add potential in a thriving rental market.
Location
State IL
County Cook
Area Chi - Bridgeport
Zoning MULTI
Rooms
Basement Unfinished
Interior
Cooling Central Air, Central Individual
Fireplace N
Building
Dwelling Type Multi Family 5+
Level or Stories 3
Structure Type Brick,Block
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Angelo Labriola • Sperry Van Ness
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
managingbroker@legacypropertiesil.com
2325 Dean St, Suite 900, St Charles, Illinois, 60175, USA