Pullman Five-Unit Investment
For Sale
$475,000
153 E 110th St, Chicago, IL 60628
5 unit walk-up in Chicago's historic Pullman neighborhood
Property Size4,006 SF
Lot Size0.09 Acres
Price / SF$118.57
Days on Market628
Property Features for 153 E 110th St
General Information
Standard status
Active
Property type
Multifamily properties, Residential income homes, Other residential income properties, Residential income properties, Investment properties
Size
4,006 SF
Class
C
Elevators
N/A
Lot size
0.09 Acres
Building Details
Year Built
1959
Buildings
1
Stories
3
Listed By:
Noah Birk
(630) 209-3622
Added: Jan 17, 2025
Changed: Mar 16
Investment Insights
Based on property information with market context.
Located at 153 E. 110th St in Chicago's historic Pullman neighborhood, this five-unit walk-up building presents an investment opportunity. The property is situated on a quiet, tree-lined street across from Gwendolyn Brooks College Preparatory campus and one block north of Palmer Park, which offers sporting facilities, a fitness center, and an outdoor swimming pool. The building comprises four one-bedroom, one-bathroom units and one two-bedroom, one-bathroom garden apartment. Each unit includes luxury vinyl plank flooring, spacious floor plans with oversized living rooms, and electric baseboard heating. Recent improvements include new copper plumbing, updated electrical systems, and extensive masonry and tuckpointing work. The property also features five potential income-producing parking spaces. The building currently boasts a 9.68% cap rate, with potential to exceed 10.5% through market rate adjustments, yielding a projected cash return of 19.79%. Individual and separate utilities for each unit provide efficient management and cost control. The building size is 4,006 square feet, situated on a 0.09 acre lot.
Key Highlights
- 9.68% Cap Rate
- Four (4) 1Bd/1Ba & One (1) 2Bd/1Ba
- Adjacent to Gwendolyn Brooks College Prep
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,062
Businesses Nearby
Explore this area
Business Placement
Demographics for 60628, IL
62,832
Population
28,736
Households
2.2
Avg Household Size
41
Median Age
24%
College-Educated
87%
High-School Grad
11.0 sq mi
ZIP Area
5,712
Density / Sq Mi
$49,719
Median Household Income
$35,974
Median Earnings
$1,168
Median Rent
$158,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Multifamily property - 5 unit walk-up in Chicago's historic Pullman neighborhood
Where is this multifamily property located?
The property is located at 153 E 110th St Chicago, IL.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 9.68% Cap Rate; Four (4) 1Bd/1Ba & One (1) 2Bd/1Ba; Adjacent to Gwendolyn Brooks College Prep
