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
See this Listing
Schools
Interior
Cooling
Window Unit(s)
Exterior
Construction Materials
Brick
Stories
2
Financial
Maintenance Fee
$500
Tax Year
2024
Taxes
$5,288
Map
Community
- Address1526 W 89th Street Chicago IL
- CityChicago
- CountyCook
- Zip Code60620
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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Copyright 2026. All rights reserved.
1526 W 89th Street
Chicago, IL


