Listing provided courtesy of Coldwell Banker RealtyMREDas Distributed by MLSGrid- MLS# 12689077
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Request Info732 W 54th PlaceChicago, IL 60609
Commercial · 5 Beds · 4,338 Sq. ft.$335,000
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732 W 54th Place Overview
- Time on Site:
- 4 days
- Visits:
- 2
Exceptional 5-unit investment in Chicago's New City/Back of the Yards community. Originally a 4-unit building of 2BD apartments, extensive work was completed in 2011 to secure city permits for a legal 5th unit - a spacious 3BD - bringing the total to five income-producing apartments. New boiler and hot water tank installed 2016. Comprehensive roof repair completed 2024 and remains under contractor warranty. Located near Sherman Park, ALDI, local dining, and everyday retail. There is strong commuter appeal with Red, Green and Orange lines running in various directions and multiple bus stops close to the property.. A stabilized 5-unit asset with major capital improvements done - turnkey addition to any portfolio. Offered at $335,000.
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732 W 54th Place Facts & Features
- Type Commercial
- Sq. ft. 4,338
- Price/Sq.ft. $77
Details
General
Income/Expenses
- Other Expense: 0
- Electric Expense: 1933
- Fuel Expense: 4407
- Gross Income: 56760
- Gross Scheduled Income: 56760
- Insurance Expense: 2800
- Maintenance Expense: 500
- Net Operating Income: 37854
- Operating Expense: 18906
- Trash Expense: 1980
- Water Sewer Expense: 3327
Building Information
- Year Built: 1895
Business Information
- Current Use: Multi-Family
Location/Region
- County Or Parish: Cook
- MLS Area Major: CHI - New City
- Township: Hyde Park
Tax Information
- Tax Annual Amount: $3,959.00
- Tax Year: 2024
General Information
- Parcel Number: 20093240280000
- Possible Use: Condominium,Multi-Family,Elderly Housing
- Property Type: Commercial Sale
- Zoning: MULTI
Interior
Building Interior
- Building Area Total: 4338
General Information
- Basement: Finished
- Cooling: Window Unit(s)
- Electric: Circuit Breakers
- Stories: 3
Exterior
Lot Information
- Additional Parcels: No
- Frontage Type: City Street
- Lot Size Dimensions: 50 x 125
- Lot Size Square Feet: 6250
- Water Source: Community Water, Municipal Water
Building Exterior/Construction
- Construction Materials: Brick
General Information
- Number Of Units Total: 5
- Utilities: Water Available
Unit Information
Unit 1 Details
- Unit Type: Unit 1
- Beds Total: 2
- Baths Total: 1
- Units Total: 4
Unit 2 Details
- Unit Type: Unit 2
- Beds Total: 3
- Baths Total: 1
- Units Total: 1
Unit 3 Details
- Unit Type: Unit 3
- Beds Total: 0
- Units Total: 0
Unit 4 Details
- Unit Type: Unit 4
- Beds Total: 0
- Units Total: 0
Unit 5 Details
- Unit Type: Unit 5
- Beds Total: 0
- Units Total: 0
Unit 6 Details
- Unit Type: Unit 6
- Beds Total: 0
- Units Total: 0
Unit 7 Details
- Unit Type: Unit 7
- Beds Total: 0
- Units Total: 0
732 W 54th Place Neighborhood
Community
60609 (Chicago) Demographics
34
Median Age
7,786
Population Density (per sq. mile)
22%
College Educated
$40,324
Estimated Median Income
8,185
Estimated Total Home Owners
13,782
Estimated Total Renters
37% / 63%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.732 W 54th Place Monthly Cost
732 W 54th Place Market Data
Based on the last 30 days in this zip code
$297,104
Average List Price
$204
Average Price per Square Foot
15
Properties Sold
81
Average Days on Market
71
Properties for Sale
732 W 54th Place History
| Date | Value | Agent |
|---|---|---|
| 6/25/2026Source: MRED | June 25, 2026 |