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About the Listing 87918 - 105633,922300
Located in the South Chicago area, this impressive 13-unit California-style building presents a rare opportunity to build significant equity. Each unit offers 1/BED 1 BATH, a separate living and dining room, and a spacious kitchen. While all units require a FULL renovation, upgrading the units with stainless steel appliances, in-unit laundry, and modern fixtures could greatly enhance rental potential to $1200 per unit. Once fully stabilized, the property offers forecasted rental income of $15,600 per month ($187,200 annually). The property features a BRAND-NEW steel porch approved by the City of Chicago in July 2025. There's Additional parking alongside the building. Currently, only 4 of the 13 units are rented. This is a prime opportunity for an investor looking to unlock long-term income in a rapidly evolving location. The building is close to grocery stores, U.S. 41, and public transportation making it highly attractive for future tenants. Property is being sold AS-IS.
Listing Highlights for 2537 E 83rd St
Status
Pending
Days on Site
5
Property Type
Multi-Family
MLS ®
12475012
Year Built
1967
Total Square Footage
10,980
Lot/Acreage
0.25
County
Cook
Area
CHI - South Chicago
Interior Details
- Bedrooms: 0
- Bathrooms: Full
- Appliances:
- Air Cond: Window Unit(s)
- Heating: Radiators,Baseboard,Radiant,Individual Furnaces
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Walk-Up Access
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 122X90
- Zoning: COMMR
- Roof: Rubber
- Others:
- Sewer:
- Parking Features: 6-12 Spaces
Financial Details
- Tax Amount: $9,481
- Taxes w/Assessments: N/A
- Tax/Property ID: 21313030540000
- Tax Year: 2023
Payment Calculator
Monthly Payment
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Listing Location
Questions About..
2537 E 83rd St Chicago, IL 60617
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