1526 W 89th Street
Chicago, IL, 60620
$525,000
4 Beds
3 Baths
0 SqFt
0 Acres
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MLS #MRD12691638 image #0
Exceptional cash-flow opportunity in Chicago’s Auburn Gresham neighborhood! This solid five-unit brick building features an attractive unit mix of two spacious 2-bedroom apartments and three generously sized 1-bedroom apartments, providing a diversified rental income stream. Several units have been updated with recent renovations, offering immediate rental appeal while presenting additional value-add potential through future improvements and rent optimization. The property is heated by a newer, central boiler system, helping to simplify maintenance and operating expenses. Water heater and electric meters have also been updated. Conveniently located within walking distance of a Metra station, multiple bus lines and grocery stores, the building offers excellent commuter access, supporting strong tenant demand and occupancy. Rent roll and expenses are available upon request for qualified buyers. One unit is currently vacant. No representations are made regarding the legality of garden unit.

Property Details

Price:
$525,000
MLS #:
MRD12691638
Status:
Active
Beds:
4
Baths:
3
Type:
Commercial
Neighborhood:
chiauburngresham
Listed Date:
Jun 30, 2026
Total Sq Ft:
3,994
Year Built:
1929
Chi – Auburn GreshamChiauburngresham

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Schools

Interior

Cooling
Window Unit(s)

Exterior

Construction Materials
Brick
Stories
2

Financial

Maintenance Fee
$500
Net Operating Income
$46,132
Tax Year
2024
Taxes
$5,288

Map

Community

Market Summary

Current real estate data for Commercial in Chicago as of Oct 04, 2026
906
Commercial Listed
185
Avg DOM
$1,021,515
Avg List Price

Property Summary

    1526 W 89th Street Chicago IL is a Commercial for sale in Chicago, IL, 60620. It is listed for $525,000

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