Price Reduced Listing
Description
SHORT SALE - LENDER APPROVAL REQUIRED. LIST PRICE IS NOT LENDER-APPROVED SHORT SALE PRICE. Exceptional opportunity to acquire a large multifamily asset featuring approximately 38 beds and offering potential for shared housing, student housing, workforce housing, co-living, mid-term rental, or short-term rental strategies. Located in close proximity to the University of Chicago and major educational, healthcare, employment, and redevelopment corridors, this property offers investors an opportunity to acquire a large-scale housing asset in an established Chicago market. The property's layout and scale may be particularly attractive to operators focused on shared housing, student accommodations, workforce housing, furnished housing, or alternative residential investment models. Its proximity to the University of Chicago, major medical institutions, transportation, and continued neighborhood investment provides multiple potential pathways for income generation and long-term value creation.
Details
| MLS # | 12685129 |
|---|---|
| Listing Type | For Sale |
| Style | Multi Family 5+ |
| Sub-Type | Resale |
| Status | Active |
| Year | 2000 |
| Days On Site | 93 |
| Listing Provided By | Lux Life Realty LLC | Yolanda Jeffries |
Features
| Basement | Y |
|---|---|
| Story(s) | 3 |
| Units | 38 |
| Zoning | COMMR |
| Acreage | 10000.00 |
Interior
| Cooling | Central Air |
|---|---|
| Fireplaces Total | 8 |
Exterior
| Foundation Details | Brick/Mortar |
|---|---|
| Construction Materials | Brick |
Taxes
| Tax Year | 2025 |
|---|---|
| Tax Annual Amount | 28658.07 |
Area Information
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60615 |
| Area | Confidential Commercial Listings |
| Listing VS Median (in 60615) | |
Price: $3,500,000 low | high Med: $180,000 On site: 93 low | high Med: 78.5 | |
Market Activity 60615
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Learn More About This Property
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60615 |
| Area | Confidential Commercial Listings |
| Listing VS Median (in 60615) | |
Price: $3,500,000 low | high Med: $180,000 On site: 93 low | high Med: 78.5 | |