**Best and Final deadline to submit offers is Sunday 12pm. **Presenting a rare investment opportunity in the thriving Bridgeport area: a legally zoned multi-unit property poised for development. Currently structured as a two-flat, this offering is sold "as is" and represents an outstanding prospect for new construction given the age and condition of the existing building. The front unit, generating a steady income of $1,000 per month on a month-to-month lease, is complemented by a vacant rear unit, ready for your vision and transformation. Situated on a desirable block brimming with potential, this property invites the astute investor to capitalize on the dynamic local real estate market. With its competitive pricing, this opportunity is not to be missed. Act swiftly to harness the possibilities of this prime development site. Your strategic investment awaits. All remaining contents will stay.
Closed
$277,000
2856 S Emerald Ave, Chicago, IL 60616
5beds
--sqft
Multi Family
Built in 1885
-- sqft lot
$462,200 Zestimate®
$--/sqft
$2,022 Estimated rent
Home value
$462,200
$393,000 - $536,000
$2,022/mo
Zestimate® history
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$1,956/mo
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Zillow last checked:
Listing updated:
Listing courtesy of:
Chris Cucci 708-505-7088,
Cucci Realty
Bought with:
Josephine Wang
Concentric Realty Inc.
Source: MRED as distributed by MLS GRID,MLS#: 12045126
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Natural Gas, Forced Air, Radiant, Sep Heating Systems - 2+
Features
- Basement: Unfinished,Full,Daylight
Property
Parking
- Total spaces: 2
- Parking features: Off Street, On Site, Owned
Lot
- Size: 2,875 sqft
Details
- Parcel number: 17283090400000
- Zoning: MULTI
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Vinyl Siding, Brick
Condition
- New construction: No
- Year built: 1885
Utilities & green energy
- Sewer: Public Sewer, Storm Sewer
- Water: Lake Michigan, Public
Community & neighborhood
Community
- Community features: Park, Tennis Court(s), Sidewalks, Street Lights, Street Paved
Location
- Region: Chicago
Other
Other facts
- Listing terms: Cash
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 6/3/2024 | Sold | $277,000+10.8% |
Source:  MRED as distributed by MLS GRID #12045126 Report a problem | ||
| 5/5/2024 | Listing removed | -- |
Source: MRED as distributed by MLS GRID #12045126 Report a problem | ||
| 5/2/2024 | Listed for sale | $250,000 |
Source: MRED as distributed by MLS GRID #12045126 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | -- | $29,000 +3.6% |
| 2023 | $4,649 +3.5% | $28,000 |
| 2022 | $4,493 +23.6% | $28,000 |
| 2021 | $3,636 -3.1% | $28,000 -4.4% |
| 2020 | $3,752 +0.3% | $29,290 -11% |
| 2019 | $3,741 +1.5% | $32,911 |
| 2018 | $3,684 -6.6% | $32,911 +21.5% |
| 2017 | $3,945 -8.4% | $27,091 |
| 2016 | $4,308 +4% | $27,091 |
| 2015 | $4,140 -4.2% | $27,091 +2.1% |
| 2014 | $4,320 -0.6% | $26,527 |
| 2013 | $4,346 +22.6% | $26,527 |
| 2012 | $3,545 +25.5% | $26,527 -15% |
| 2011 | $2,825 +18.4% | $31,214 |
| 2010 | $2,387 +14% | $31,214 |
| 2009 | $2,093 +2.8% | $31,214 -0.6% |
| 2008 | $2,036 +3.2% | $31,407 |
| 2007 | $1,973 -17.4% | $31,407 |
| 2006 | $2,388 +15.7% | $31,407 +71.9% |
| 2005 | $2,064 +1.9% | $18,269 |
| 2004 | $2,026 +4.5% | $18,269 |
| 2003 | $1,939 -5.4% | $18,269 +38% |
| 2002 | $2,050 +5.6% | $13,234 |
| 2001 | $1,941 +14.2% | $13,234 |
| 2000 | $1,701 +0.1% | $13,234 +21.9% |
| 1999 | $1,700 | $10,852 |
Find assessor info on the county website
Neighborhood: Bridgeport
Nearby schools
GreatSchools rating
- 8/10Healy Elementary SchoolGrades: K-8Distance: 0.3 mi
- 1/10Tilden Career Communty Academy High SchoolGrades: 9-12Distance: 2.4 mi
Schools provided by the listing agent
- District: 299
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.
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Estimated market value
$462,200
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$462,200
- Illinois
- Cook County
- Chicago
- 60616
- Bridgeport
- 2856 S Emerald Ave
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