$1,999,000
1502 W Jackson Boulevard
Chicago, IL, 60607
Eligible for the Illinois Historic Preservation Tax Credit Program, this handsome assemblage located in the Jackson Boulevard Historic District is rich with history and unlimited potential. This property offers a unique opportunity for residential redevelopment or income-producing units, making it a remarkable investment opportunity. The properties at 1500-1502 Jackson Boulevard, have been divided into eight income-producing apartments. Each unit has been thoughtfully designed to optimize functionality while preserving the historical character of the building. With a mix of one and two-bedroom units, this property presents an exceptional opportunity for rental income. The demand for housing in this area is consistently high due to its proximity to renowned institutions such as the University of Illinois at Chicago, Rush Hospital, Skinner Park, and the United Center. The adjacent property at 1504 W. Jackson is currently listed as a single-family townhome. Built in 1890, this historic gem reflects the architectural charm of its era, boasting intricate details and timeless elegance. Beyond its potential as an income-producing property, this distinguished property holds significant historical value within the Jackson Boulevard historic district. The possibilities are endless for those seeking a distinctive investment or a place to call home. This property is primed to become a showcase of modern living while paying homage to its remarkable past.
Property Details
Price:
$1,999,000
MLS #:
MRD11912719
Status:
Active
Beds:
0
Baths:
0
Address:
1502 W Jackson Boulevard
Type:
Commercial
City:
Chicago
Listed Date:
Oct 25, 2023
State:
IL
ZIP:
60607
Year Built:
1885
Schools
Interior
Cooling
Window Unit(s)
Fireplaces Total
3
Exterior
Financial
Buyer Agent Compensation
2.5%-$495Net Sale Price
Tax Year
2022
Taxes
$19,300
Debra Dobbs is one of Chicago’s top realtors with more than 39 years in the real estate business.
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Courtesy of Berkshire Hathaway HomeServices Chicago. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Chicago, IL. Detailed information about real estate listings held by brokerage firms other than Compass / The Debra Dobbs Group include the name of the listing broker. Neither the listing company nor Compass / The Debra Dobbs Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. Chicago, IL. All rights reserved.
1502 W Jackson Boulevard
Chicago, IL
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