The property presents an attractive value-add investment opportunity in Chicago's Bridgeport neighborhood. The brick building contains six legal units consisting of five two-bedroom/one-bath apartments and one studio, plus two large non-conforming loft-style studio units. The non-conforming units may offer the potential to be duplexed into existing apartments or converted to legal dwelling units under Chicago's expanded ADU ordinance, subject to zoning and municipal approval. A rear brick structure provides additional flexibility and could potentially be converted into a garage, repurposed as an additional ADU or demolished to create a larger parking pad. The property also includes a full basement with shared laundry and tenant storage. With strong cash flow in place and several opportunities to increase the property's legal unit count and long-term value, this property offers investors a compelling combination of immediate income and future upside.
| MLS # | 12745712 |
|---|---|
| Listing Type | For Sale |
| Style | Multi Family 5+ |
| Sub-Type | Resale |
| Status | Active |
| Year | 1895 |
| Days On Site | 8 |
| Listing Provided By | Sperry Van Ness | Angelo Labriola |
| SQ Feet | 4,008 |
|---|---|
| Story(s) | 4 |
| Units | 6 |
| Zoning | MULTI |
| Acreage | 0.06 |
| Cooling | Central Air, Central Individual, Wall Sleeve |
|---|
| Roof | Composition |
|---|---|
| Foundation Details | Concrete Perimeter |
| Construction Materials | Brick |
| Electric | Circuit Breakers, Separate Meters |
|---|
| Tax Year | 2025 |
|---|---|
| Tax Annual Amount | 12201.66 |
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60608 |
| Area | CHI Bridgeport |
| Listing VS Median (in 60608) | |
Price: $1,290,000 low | high Med: $337,500 sqft: 4,008 low | high Med: 1,100 $ / sqft: $322 low | high Med: $310 On site: 8 low | high Med: 61 | |
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60608 |
| Area | CHI Bridgeport |
| Listing VS Median (in 60608) | |
Price: $1,290,000 low | high Med: $337,500 sqft: 4,008 low | high Med: 1,100 $ / sqft: $322 low | high Med: $310 On site: 8 low | high Med: 61 | |