$525,000
( $131.45Per Sq Foot )
 $2,818 est/mo Sourced by Back At You

1526 W 89th Street,Chicago, IL 60620

Chicago, IL 60620

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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.

Details

MLS #12691638
Listing TypeFor Sale
StyleMulti Family 5+
Sub-TypeResale
StatusActive
Year1929
Days On Site91
Listing Provided BySound Realty, LLC | Jason Powell

Features

SQ Feet3,994
BasementY
Story(s)2
Units5

Interior

CoolingWindow Unit(s)

Exterior

Construction MaterialsBrick

Taxes

Tax Year2024
Tax Annual Amount5288

Area Information

StateIL
CountyCook
CityChicago
Zip Code60620
AreaCHI Auburn Gresham
Listing VS Median (in 60620)
Price:
$525,000
low | high
Med:
$240,000
100% of Average
sqft:
3,994
low | high
Med:
2,124
96.820230345518% of Average
$ / sqft:
$131
low | high
Med:
$113
64.038202851762% of Average
On site:
91
low | high
Med:
20
100% of Average
Sourced by Back At You

Market Activity 60620

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Contact

Learn More About This Property

Kristi Wolfe

Kristi Wolfe

Daniel and Associates Real Estate

475.215799 (847) 767-1023kristiw@daare.com
StateIL
CountyCook
CityChicago
Zip Code60620
AreaCHI Auburn Gresham
Listing VS Median (in 60620)
Price:
$525,000
low | high
Med:
$240,000
100% of Average
sqft:
3,994
low | high
Med:
2,124
96.820230345518% of Average
$ / sqft:
$131
low | high
Med:
$113
64.038202851762% of Average
On site:
91
low | high
Med:
20
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $393K - $656K
sqft: 2,500 - 4,500
Nearby Listings Property ImageNearby Listings Details
8717 S Bishop Street Property Photo 1
$379,500
8717 S Bishop Street
Chicago, IL 60620
Listing Updated: September 28, 2026 at 7:11:13 PM PDT