2258 S Whipple Street
Chicago, IL, 60623
$275,000
Beds
0 Baths
0 SqFt
0 Acres
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MLS #MRD12755698 image #0
Attention investors, developers and experienced rehabbers. Unique masonry multifamily property offering substantial space, multiple residential living areas and significant value-add potential. Cook County Assessor records identify the property as Multi Family with Five Apartments, and the property is currently zoned RT-4. The existing layout includes two 2-bedroom/1-bath units and one 3-bedroom/1-bath unit, along with a full finished attic extending across the building and providing a substantial additional level. The attic currently includes four bedrooms, a living area, recreational space, a bathroom and storage, creating considerable flexibility for future renovation or reconfiguration subject to applicable approvals. The first floor also includes a large former storefront/bar space, plus an additional room behind it that may function as a bedroom, office or flex space, along with a bathroom. A detached brick two-car garage provides additional parking and storage. With its multifamily configuration, full finished attic, former commercial space, masonry construction and detached garage, this property offers a compelling opportunity for an investor seeking a Chicago rehab, redevelopment or repositioning project. Be sure to review the floor plans to better understand the overall layout and full potential of the property. Property is being sold AS-IS. Buyer to perform all due diligence regarding zoning, legal unit count, permitted uses, occupancy, building condition and any future redevelopment plans.

Property Details

Price:
$275,000
MLS #:
MRD12755698
Status:
Active Under Contract
Beds:
0
Baths:
0
Type:
Commercial
Subtype:
Mixed Use
Neighborhood:
chisouthlawndale
Listed Date:
Sep 10, 2026
Total Sq Ft:
3,828
Year Built:
1893
Chi – South LawndaleChisouthlawndale

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Schools

Interior

Cooling
None

Exterior

Construction Materials
Brick
Stories
2

Financial

Net Operating Income
$2,638
Tax Year
2023
Taxes
$4,015

Map

Community

Market Summary

Current real estate data for Commercial in Chicago as of Oct 09, 2026
892
Commercial Listed
184
Avg DOM
$1,024,281
Avg List Price

Property Summary

    2258 S Whipple Street Chicago IL is a Commercial for sale in Chicago, IL, 60623. It is listed for $275,000

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