1302 98th Place, Washington Heights, Chicago, Illinois 60643
$485,000
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For Sale
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| Status: | New |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 6 |
| Baths: | 0 |
| Year Built: | 1924 |
| Property Taxes: | $2,210 |
| Days On Market: | 4 |
| Lot Size: | 0,00 |
Description
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.
Property Specifics
| Multi-unit | |
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| 1924 | |
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| No | |
| — |
| Cook | |
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| — / — | |
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| — | |
| 12532572 | |
| 25081140360000 |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 9 May, 2024 | Sold | $365,000 | MRED MLS |
| 6 Feb, 2024 | Under contract | $385,000 | MRED MLS |
| — | Last price change | $395,000 | MRED MLS |
| 6 Feb, 2024 | Listed for sale | $395,000 | MRED MLS |
| 15 Dec, 2025 | Listed for sale | $485,000 | MRED MLS |
Room Specifics
Total Bedrooms: 6
Bedrooms Above Ground: 6
Bedrooms Below Ground: 0
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Full Bathrooms: 4
Bathroom Amenities: Soaking Tub
Bathroom in Basement: —
Rooms: —
Basement Description: —
Other Specifics
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| 3813 | |
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| Not in DB | |
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Tax History
| Year | Property Taxes |
|---|---|
| 2024 | $2,107 |
| 2025 | $2,210 |
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Listing Provided By
Keller Williams ONEChicago
