Exceptional investment opportunity just minutes from Downtown Chicago! This fully leased legal 3-unit Greystone offers strong cash flow potential with a total of 9 bedrooms and 3 full bathrooms, featuring spacious 3 bedroom, 1 bathroom layouts in each unit. The property boasts approximately 3,882 square feet of finished living space, with roughly 1,294 square feet per floor. Completely rehabbed in 2022, the building combines classic Chicago charm with modern upgrades throughout. Improvements include new furnaces, central air conditioning, water heaters, in-unit washer and dryers, premium kitchen appliances, granite countertops, 42" soft-close cabinetry, luxury vinyl plank flooring, and new windows. The exterior features a new extra-deep concrete parking pad with secure metal gates. All units have separately metered gas and electric utilities, making management more efficient for investors. Current rental income includes $1,900/month for the first-floor unit, $1,750/month for the second-floor unit, and $1,650/month for the garden unit. The first-floor and second-floor units are currently on month-to-month leases, while the garden unit is leased through December 31, 2026. A turnkey, income-producing asset perfect for investors looking to expand their portfolio with a stabilized multi-unit property in a convenient location.
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Zillow last checked:
Listing updated:
Listed by:
Laquan Henley312-216-2422,
Keller Williams ONEChicago
Source: MRED as distributed by MLS GRID,MLS#: 12654576
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 9
Bathrooms: 3
Full bathrooms: 3
Heating
Natural Gas, Forced Air
Features
Basement: Finished,None,Full
Property
Parking
Total spaces: 2
Parking features: Off Alley, Yes, Owned
Lot
Size: 3,049 Square Feet
Dimensions: 25 X 125
Details
Parcel number: 16231140300000
Zoning: MULTI
Special conditions: None
Construction
Type & style
Home type: MultiFamily
Architectural style: Greystone
Property subtype: Multi Family
Materials
Brick
Condition
New construction: No
Year built: 1896
Major remodel year: 2021
Utilities & green energy
Sewer: Public Sewer
Water: Public
Community & HOA
Location
Region: Chicago
Financial & listing details
Tax assessed value: $240,000
Annual tax amount: $1,905
Date on market: 5/22/2026
Ownership: Fee Simple
Estimated market value
Zestimate®
$479,100
Estimated sales range
$455,000 - $503,000
Rent Zestimate®
$1,454/mo
Price history
Date
Event
Price
5/21/2026
Contingent
$475,000
Source: MRED as distributed by MLS GRID #12654576Report a problem
5/21/2026
Listed for sale
$475,000+932.6%
Source: MRED as distributed by MLS GRID #12654576Report a problem
Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.