1248 W 83rd Street
Chicago, IL, 60620
$1,400,000
6 Beds
3 Baths
0 SqFt
0 Acres
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$1,400,000
1248 W 83rd Street
Chicago, IL, 60620
MLS #MRD12781046 image #0MLS #MRD12781046 image #1MLS #MRD12781046 image #2MLS #MRD12781046 image #3MLS #MRD12781046 image #4MLS #MRD12781046 image #5MLS #MRD12781046 image #6MLS #MRD12781046 image #7MLS #MRD12781046 image #8MLS #MRD12781046 image #9
Excellent Investment Opportunity – 13-Unit Apartment Building! Well-maintained, 12-unit brick apartment building situated on a desirable corner lot. This property features 1 two-bedroom apartments and 3 one-bedroom apartments, with hardwood floors throughout. Additional highlights include three spacious, clean basement areas, replacement windows, updated porches, and emergency lighting. The building is tenant-occupied, providing an opportunity for immediate rental income. Significant upside potential! Current rents are below area market rates, offering an opportunity to increase rental income over time. An excellent opportunity for investors seeking a multifamily property with income growth potential or possible condominium conversion.

Property Details

Price:
$1,400,000
MLS #:
MRD12781046
Status:
Active
Beds:
6
Baths:
3
Type:
Commercial
Neighborhood:
chiauburngresham
Listed Date:
Oct 8, 2026
Total Sq Ft:
14,000
Year Built:
1929
Chi – Auburn GreshamChiauburngresham

Schools

Interior

Exterior

Construction Materials
Brick
Stories
3

Financial

Net Operating Income
$110,258
Tax Year
2025
Taxes
$23,000
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Debra Dobbs is one of Chicago’s top realtors with more than 42 years in the real estate business.

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Current real estate data for Commercial in Chicago as of Oct 15, 2026
871
Commercial Listed
184
Avg DOM
$1,020,502
Avg List Price

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Property Summary

    1248 W 83rd Street Chicago IL is a Commercial for sale in Chicago, IL, 60620. It is listed for $1,400,000 To schedule a showing of MLS#mrd12781046 at 1248 W 83rd Street in Chicago, IL, contact your Compass | Debra Dobbs | The Dobbs Group agent at 3123074909.
1248 W 83rd Street
Chicago, IL