Adam Balawender - Chicagoland Brokers Inc Logo
$1,300,000
( $128.48Per Sq Foot )
 $6,979 est/mo Sourced by Back At You

724 E 50th Place,Chicago, IL 60615

Chicago, IL 60615

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Description

Presenting 724 East 50th Place, a six-unit multifamily asset in Bronzeville priced at $$216,667/unit which is below active comps and in line with recent trades. The building is comprised of two 4BD/3BA duplex units and four 3BD/2BA units, plus 5 exterior parking spaces, and received a comprehensive 2005 renovation covering the roof, masonry, windows, plumbing, electrical, and HVAC. Year 1 NOI is $92,029 (7.08 cap) which includes an $8k increase in property taxes, growing to $115,957 (8.92 cap) pro-forma by leasing the one vacant unit and pushing rents to market. Located minutes from the University of Chicago and UChicago Medicine, the South Side's largest private employer, in a submarket where median household income has grown my more than half since 2011. Offering Memorandum available upon request.

Details

MLS #12752591
Listing TypeFor Sale
StyleMulti Family 5+
Sub-TypeResale
StatusActive
Year1893
Days On Site63
Listing Provided By@properties Commercial | Kevin Rocio

Features

SQ Feet10,118
Story(s)3
Units6
ZoningMULTI
Acreage0.14

Interior

CoolingCentral Individual

Utilities

ElectricCircuit Breakers

Taxes

Tax Year2025
Tax Annual Amount25206

Area Information

StateIL
CountyCook
CityChicago
Zip Code60615
AreaCHI Grand Boulevard
Listing VS Median (in 60615)
Price:
$1,300,000
low | high
Med:
$182,400
100% of Average
sqft:
10,118
low | high
Med:
1,037
100% of Average
$ / sqft:
$128
low | high
Med:
$176
13.101906386767% of Average
On site:
63
low | high
Med:
18
100% of Average
Sourced by Back At You

Market Activity 60615

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Learn More About This Property

Adam Balawender

Adam Balawender

Chicagoland Brokers Inc

 (773) 671-4663agentbalawender@gmail.com
StateIL
CountyCook
CityChicago
Zip Code60615
AreaCHI Grand Boulevard
Listing VS Median (in 60615)
Price:
$1,300,000
low | high
Med:
$182,400
100% of Average
sqft:
10,118
low | high
Med:
1,037
100% of Average
$ / sqft:
$128
low | high
Med:
$176
13.101906386767% of Average
On site:
63
low | high
Med:
18
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/2 mile)
Price: $975K - $1.625M
sqft: 7,500 - 12,500
Nearby Listings Property ImageNearby Listings Details
4723 S Vincennes Avenue Property Photo 1
$995,000
4723 S Vincennes Avenue
Chicago, IL 60615
Listing Updated: October 19, 2026 at 10:22:12 AM PDT

Adam Balawender - Chicagoland Brokers Inc