For Sale Commercial MLS# 12781046

1248 W 83rd Street

Chicago, IL 60620

$1,400,000

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About 1248 W 83rd Street

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

Property

Type
commercial
Year built
1929
Living area
14,000 sqft
Price / sqft
$100
Lot
0.12 ac
List date
Oct 8, 2026

Schools

District
Chicago Public School District 299

Location

Subdivision
Auburn Gresham
Neighborhood
Auburn Gresham

Location

Neighborhood
Auburn Gresham
School district
Chicago Public School District 299

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Listed by Tammy Jackson, KM Realty Group, LLC

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.