$485,000
1302 W 98th Place
Chicago, IL, 60643
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. Recent 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 Details
Price:
$485,000
MLS #:
MRD12532572
Status:
Active Under Contract
Beds:
7
Baths:
4
Type:
Multi Family
Neighborhood:
chiwashingtonheights
Listed Date:
Dec 15, 2025
Year Built:
1924
Schools
School District:
299
Interior
Heating
Radiator(s)
Exterior
Construction Materials
Brick
Financial
Tax Year
2023
Taxes
$2,210
Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.
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Current real estate data for Multi Family in Chicago as of Feb 28, 2026
1,233
Multi Family Listed
89
Avg DOM
$484,339
Avg List Price
Community
- Address1302 W 98th Place Chicago IL
- CityChicago
- CountyCook
- Zip Code60643
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Property Summary
- 1302 W 98th Place Chicago IL is a Multi Family for sale in Chicago, IL, 60643. It is listed for $485,000 To schedule a showing of MLS#mrd12532572 at 1302 W 98th Place in Chicago, IL, contact your Compass | Debra Dobbs | The Dobbs Group agent at 3123074909.

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1302 W 98th Place
Chicago, IL





