Four-Unit Residential Income
For Sale
$400,000
Pending
525 W 118th St, Chicago, IL 60628
All four units are occupied, including two 2-bedroom and two 3-bedroom layouts, with rehab completed in 2006.
Property SizeContact for details
Days on Market53
Property Features for 525 W 118th St
General Information
Standard status
Pending
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Multifamily Units
4
Building Details
Year Built
1923
Year Renovated
2006
Tenancy
Multi
Listing Agency:
Homesmart Realty Group
Listed By:
Northwest Suburban Real Estate
(815) 893-2410
Source:
Nwsrealestate
Added: Jul 20
Changed: Sep 10
Last Checked: Sep 10 at 5:54AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Homesmart Realty Group
Investment Insights
Based on property information with market context.
This four-unit residential income property is offered for sale in occupied condition. The building features two 2-bedroom, 1-bath units and two 3-bedroom, 1-bath units. Public remarks indicate the units are spacious and in very good condition.
The property was rehabbed in 2006 and is being sold as-is. It is currently fully occupied, with one tenant described as subsidized.
From a unit-mix perspective, the configuration supports a blend of 2-bedroom and 3-bedroom demand profiles while maintaining a consistent 1-bath floorplan across all units, according to the information provided.
The property was rehabbed in 2006 and is being sold as-is. It is currently fully occupied, with one tenant described as subsidized.
From a unit-mix perspective, the configuration supports a blend of 2-bedroom and 3-bedroom demand profiles while maintaining a consistent 1-bath floorplan across all units, according to the information provided.
Key Highlights
- 4‑unit multifamily with all four units fully occupied
- Unit mix: two 2‑bedroom/1‑bath units and two 3‑bedroom/1‑bath units
- Rehab completed in 2006
Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
565
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?
Quadplex - All four units are occupied, including two 2-bedroom and two 3-bedroom layouts, with rehab completed in 2006.
Where is this quadplex located?
The property is located at 525 W 118th St Chicago, IL.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: 4‑unit multifamily with all four units fully occupied; Unit mix: two 2‑bedroom/1‑bath units and two 3‑bedroom/1‑bath units; Rehab completed in 2006
