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    2727 W Congress Pkwy Chicago, IL 60612

    Sponsored
    For Sale
    $850,000

    Five-unit building, excellent location, strong rental potential.

    Property size:
    5,600 SF

    Description

    Added:
    Jan 17, 2025
    Days on Market:
    362
    This exceptional 5-unit multifamily property is ideally situated in Chicago's desirable Tri-Taylor neighborhood, just south of I-290 between California and Western Avenues. Built in 2005, this property offers a compelling mix of three 3-bedroom, 2-bathroom units and two 2-bedroom, 2-bathroom units. Each unit boasts individual HVAC systems, ensuring tenant comfort and control. In-unit laundry adds to the appeal, and the property includes rear parking. The building's total size is 5600 square feet, situated on a 0.1285 acres lot. The property's convenient location provides easy access to downtown Chicago and public transportation. Currently zoned RM-5, this investment opportunity presents a strong potential for rental income and future appreciation. The individual water heaters and furnaces with air conditioning further enhance the property's value and appeal to tenants. This is a turnkey investment ready for immediate income generation. The property's desirable unit mix and modern amenities make it an attractive option for both tenants and investors.

    Property Features for 2727 W Congress Pkwy

    General Information

    Property type
    Multifamily properties
    Square Feet
    5,600 SF
    Price / Square Foot
    $151
    Elevators
    N/A
    Lot Size
    5,600 SF

    Building Details

    Year Built
    2005

    HighLights

    • Prime Tri‑Taylor location, minutes from downtown Chicago and public transit.
    • Five‑unit building features a desirable mix of 2- and 3‑bedroom units, each with 2 baths.
    • Individual HVAC and in‑unit laundry in all units, built in 2005.
    Location Intelligence

    Current Use by Public Records

    Residential income homes

    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
    State
    Illinois
    Longitude
    -87.694761
    Latitude
    41.8746

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    FAQs

    What type of property is this?
    Multifamily property - Five-unit building, excellent location, strong rental potential.
    Where is this multifamily property located?
    The property is located at 2727 W Congress Pkwy Chicago, IL.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: Prime Tri-Taylor location, minutes from downtown Chicago and public transit.; Five-unit building features a desirable mix of 2- and 3-bedroom units, each with 2 baths.; Individual HVAC and in-unit laundry in all units, built in 2005.
    (773) 293-5086
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    2727 W Congress Pkwy Chicago, IL 60612
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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
    2727 W Congress Pkwy Chicago, IL 60612
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