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    350 E 50Th St Chicago, IL 60615

    For Sale
    $1,350,000

    Commercial Sale - Chicago, IL

    Days on Market:
    98
    Last Refresh:
    Dec 12 at 9:06 am

    Property Features for 350 E 50Th St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    OTHER
    APN
    20101170281010

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1929
    Number of units
    6
    Roof type
    Rubber
    Architectural style
    Other

    Jameson Real Estate LLC (312) 335-3291 [email protected]

    Listing agent Melinda Jordan (312) 751-0300 License #475153530

    Listing date Sep 6, 2025

    MLS# 12306217 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

    Bronzeville Investment Opportunity: Six Condos

    This is an investor opportunity to own a stabilized, income-producing portfolio of six individual condos. Each unit features modern, open floor plans with high-end finishes, stainless steel appliances, in-unit laundry, and central air. The condos are configured as 2-bedroom, 2.5-bathroom units. The property is located near Hyde Park, the University of Chicago, Rush Medical, and the lakefront. This presents an opportunity to capitalize on Chicago's surging South Side market with this plug-and-play investment, ideal for long-term hold or individual resale. The six condos are located within a 15-unit building, each with its own PIN.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store 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
    -87.616912
    Latitude
    41.803772

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    FAQs

    What type of property is this?
    Apartment building - Six fully rehabbed condos in historic Bronzeville, ideal for investors.
    Where is this apartment building located?
    The property is located at 350 E 50Th St Chicago, IL.
    What is the asking price?
    The asking price for this property is $1,350,000.
    What are key features of this property?
    This property features: - Portfolio of 6 Fully Rehabbed Luxury Condos; - Stabilized, Income-Producing Investment with Solid Cap Rate; - Each Unit is 2BD/2.5BA with Individual PIN
    (312) 751-0300
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    350 E 50Th St Chicago, IL 60615
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    Chicago, IL 60615
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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
    350 E 50Th St Chicago, IL 60615
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