2537 E 83rd Street Chicago IL 60617 MLS #MRD12475012

Located in the South Chicago area, this impressive 13-unit California-style building presents a rare opportunity to build significant equity. Each unit offers 1/BED 1 BATH, a separate living and dining room, and a spacious kitchen. While all units require a FULL renovation, upgrading the units with stainless steel appliances, in-unit laundry, and modern fixtures could greatly enhance rental potential to $1200 per unit. Once fully stabilized, the property offers forecasted rental income of $15,600 per month ($187,200 annually). The property features a BRAND-NEW steel porch approved by the City of Chicago in July 2025. There’s Additional parking alongside the building. Currently, only 4 of the 13 units are rented. This is a prime opportunity for an investor looking to unlock long-term income in a rapidly evolving location. The building is close to grocery stores, U.S. 41, and public transportation making it highly attractive for future tenants. Property is being sold AS-IS.