14
See all 14 photos
$485,000
Est. payment /mo
6 Beds
New
1302 W 98th Place Chicago, IL 60643
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Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12532572
Bedrooms 6
Year Built 1924
Annual Tax Amount $2,210
Tax Year 2023
Lot Dimensions 3813
Property Sub-Type Two to Four Units
Property Description
This well maintained four unit brick building on a quiet Washington Heights block offers a strong entry point for both seasoned investors and those purchasing their first multifamily property. The building includes three two bedroom units and one spacious one bedroom unit. One unit has been recently renovated, while the remaining apartments are occupied by long term tenants, providing immediate income with room to grow over time. Each unit features a practical layout with good natural light and comfortable living space. Significant updates have already been completed, reducing near term maintenance concerns. Improvements include a new roof, newer boiler, new gutter system, tuckpointed brick exterior, and a reinforced rear porch. These upgrades help the property run efficiently and make ownership more predictable, an important factor for newer investors. For an owner occupant, this property offers the ability to live in one unit while rental income helps offset monthly expenses. For investors, it represents a stabilized asset in an established South Side neighborhood with consistent housing demand. Washington Heights offers access to schools, public transportation, neighborhood retail, and the I 57 expressway. Well cared for four unit buildings like this remain limited in the Chicago market, making this a practical and durable long term investment.
Location
State IL
County Cook
Rooms
Basement Unfinished, Full
Interior
Heating Radiator(s)
Fireplace N
Exterior
View Y/N true
Building
Sewer Public Sewer
Water Lake Michigan
Structure Type Brick
New Construction false
Schools
School District 299, 299, 299
Others
Ownership Fee Simple
Special Listing Condition None
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