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    1302 W 98Th Pl Chicago, IL 60643

    Sponsored
    For Sale
    Under Contract
    $485,000

    MULTI_FAMILY - Chicago, IL

    Days on Market:
    14
    Last Refresh:
    Jan 7 at 1:06 am

    Property Features for 1302 W 98Th Pl

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active Under Contract
    Rooms
    Bedroom 3, Bedroom 7, Bedroom 1, Bathroom 3, Bathroom 1, Bedroom 4, Bedroom 6, Basement, Bedroom 5, Bedroom 2, Bathroom 4, Bathroom 2
    Bedrooms
    7
    Bathrooms
    4
    APN
    25081140360000
    Basement
    Unfinished, Full

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Other (Heating)

    Building Details

    Year built
    1924
    Building materials
    Brick

    Keller Williams Chicago ONEChicago (312) 216-2422 [email protected]

    Listing agent Jerome Harper (312) 589-0924

    Listing date Dec 25, 2025

    MLS# 12532572 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Washington Heights Multifamily Investment

    This well-maintained four-unit brick building is located on a quiet block in the Washington Heights neighborhood of Chicago. It presents 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. 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. This property offers the ability to live in one unit while rental income helps offset monthly expenses. 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. This is a practical and durable long-term investment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.655588
    Latitude
    41.715121

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    FAQs

    What type of property is this?
    Quadplex - Well-maintained four-unit building in Chicago's Washington Heights neighborhood.
    Where is this quadplex located?
    The property is located at 1302 W 98Th Pl Chicago, IL.
    What is the asking price?
    The asking price for this property is $485,000.
    What are key features of this property?
    This property features: - Strong income potential from a stabilized four-unit building with long-term tenants.; - Significant recent updates including a new roof, newer boiler, new gutter system, tuckpointed brick exterior, and reinforced rear porch.; - One unit recently renovated, offering immediate appeal.
    (312) 589-0924
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1302 W 98Th Pl Chicago, IL 60643
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