1302 W 98th Place, Chicago, IL 60643
Local realty services provided by:Better Homes and Gardens Real Estate Star Homes
1302 W 98th Place,Chicago, IL 60643
$485,000
- 6 Beds
- 4 Baths
- - sq. ft.
- Multi-family
- Active
Listed by: jerome harper
Office: keller williams onechicago
MLS#:12532572
Source:MLSNI
Price summary
- Price:$485,000
About this home
This well maintained four unit brick building on a quiet Washington Heights block offers a strong entry point for both seasoned investors and those purchasing their first multifamily property. The building includes three two bedroom units and one spacious one bedroom unit. One unit has been recently renovated, while the remaining apartments are occupied by long term tenants, providing immediate income with room to grow over time. Each unit features a practical layout with good natural light and comfortable living space. Significant updates have already been completed, reducing near term maintenance concerns. Improvements include a new roof, newer boiler, new gutter system, tuckpointed brick exterior, and a reinforced rear porch. These upgrades help the property run efficiently and make ownership more predictable, an important factor for newer investors. For an owner occupant, this property offers the ability to live in one unit while rental income helps offset monthly expenses. For investors, it represents a stabilized asset in an established South Side neighborhood with consistent housing demand. Washington Heights offers access to schools, public transportation, neighborhood retail, and the I 57 expressway. Well cared for four unit buildings like this remain limited in the Chicago market, making this a practical and durable long term investment.
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Home facts
- Year built:1924
- Listing ID #:12532572
- Added:1 day(s) ago
- Updated:December 16, 2025 at 01:14 PM
Rooms and interior
- Bedrooms:6
- Total bathrooms:4
- Full bathrooms:4
Heating and cooling
- Heating:Radiator(s)
Structure and exterior
- Year built:1924
Utilities
- Water:Lake Michigan
- Sewer:Public Sewer
Finances and disclosures
- Price:$485,000
- Tax amount:$2,210 (2023)
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