Four-Unit Residential Income
For Sale
$399,000
Pending
525 West 118th Street, 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 Market89
Property Features for 525 West 118th Street
General Information
Standard status
Pending
Total Parking Spaces
3
Property subtype
Two to Four Units / 4 Flat
Occupancy
100%
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$4,834
Building Details
Year Built
1923
Year Renovated
2006
Tenancy
Multi
Listing Agency:
Leverage Investments, LLC
(708) 491-7778
Listed By:
Jeannie Autry · License #471010014
(708) 491-7778
Source:
Compass
Added: May 25
Changed: Aug 8
Last Checked: Jul 24 at 12:51PM
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 Leverage Investments, LLC
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
Property Profile
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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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 West 118th Street Chicago, IL.
What is the asking price?
The asking price for this property is $399,000.
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
