1248 W 83rd St

Chicago, IL 60620
  • $1,400,000

    Price
  • 14,000

    SqFt
  • 0.12

    Acre

About the Listing 27868 - 236301

Excellent Investment Opportunity - 13-Unit Apartment Building! Well-maintained, 12-unit brick apartment building situated on a desirable corner lot. This property features 1 two-bedroom apartments and 3 one-bedroom apartments, with hardwood floors throughout. Additional highlights include three spacious, clean basement areas, replacement windows, updated porches, and emergency lighting. The building is tenant-occupied, providing an opportunity for immediate rental income. Significant upside potential! Current rents are below area market rates, offering an opportunity to increase rental income over time. An excellent opportunity for investors seeking a multifamily property with income growth potential or possible condominium conversion.

Listing Highlights for 1248 W 83rd St

Status Active
Days on Site 1
Property Type Multi-Family
MLS ® 12781046
Year Built 1929
Total Square Footage 14,000
Lot/Acreage 0.12

Interior Details

  • Appliances:
  • Air Cond:
  • Heating: Central Bldg Heat,Radiators
  • Fireplaces: 0
  • Floor:
  • Basement:
  • Other:
  • Water:

Exterior Details

  • Garage Capacity: N/A
  • Lot Dimensions: 125 X 43
  • Zoning: MULTI
  • Roof:
  • Others:
  • Sewer:

Financial Details

  • Tax Amount: $23,000
  • Taxes w/Assessments: N/A
  • Tax/Property ID: 20321300180000
  • Tax Year: 2025

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Listing Location

Questions About..

1248 W 83rd St Chicago, IL 60620

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Originating MLS: mred

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Puneet "Pete" Kapoor - CPA, ABR, PSA, SRS, CIPS, ACP

CPA, SRS, PSA, CIPS, ACP, GROUP LEAD, REALTOR | PRINCIPAL CO-OWNER | The Sterling Group Global | Keller Williams Infinity

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