$525,000

1526 W 89th Street, Chicago, IL 60620

  • 3,994 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1929
  • Property Lot Size Icon3,920sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $131/sqft
  • Property List Date Icon Listed 6 days ago

Property Description

Exceptional cash-flow opportunity in Chicago's Auburn Gresham neighborhood! This solid five-unit brick building features an attractive unit mix of two spacious 2-bedroom apartments and three generously sized 1-bedroom apartments, providing a diversified rental income stream. Several units have been updated with recent renovations, offering immediate rental appeal while presenting additional value-add potential through future improvements and rent optimization. The property is heated by a newer, central boiler system, helping to simplify maintenance and operating expenses. Water heater and electric meters have also been updated. Conveniently located within walking distance of a Metra station, multiple bus lines and grocery stores, the building offers excellent commuter access, supporting strong tenant demand and occupancy. Rent roll and expenses are available upon request for qualified buyers. One unit is currently vacant. No representations are made regarding the legality of garden unit.

Listing Status:
Active
Data Last Updated:
July 6, 2026 at 4:18AM
Listing Office:
Sound Realty, LLC : 708-259-9645
Listing Agent:
Jason Powell : 708-259-9645
MLS ID:
12691638
  • Basement: Partially Finished
  • A/C: Window Unit(s)
  • Originating MLS: mred
  • County: Cook
  • Zoning: 25051090180000
  • Current Use: Multi-Family
  • Source: mred

This listing courtesy of Jason Powell , Sound Realty, LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

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