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1450 W 112th Pl
Chicago, IL 60643
39-Home, Single-Family Residential Portfolio · Specialty Property For Sale · 48,528 SF

Investment Highlights

  • Valuable, 39-home portfolio investment with a diversified unit mix in a concentrated area of Chicago, offering ease of management for a new owner.
  • Value-add opportunity with current below-market rents, huge projected revenue growth to market, and additional projected rent growth through 2025.
  • Assumable interest-only financing is available with attractive terms and interest-only payments for the remaining eight years.
  • Professionally managed and maintained with over $200,000 of capital expenditures invested across the portfolio, reducing costs for a buyer.
  • Current rents average $1,845/month, while projected market rents are estimated to be $2,063/month.
  • All homes have quick access to arterial streets and major freeways and conveniently sit within a 20- to 30-minute commute to Downtown Chicago.

Property Facts

Sale Condition Auction Sale
Type of Ownership Fee Simple
Property Type Specialty
Property Subtype Residential Income
Building Class B
Lot Size 5.33 AC
Building Size 48,528 SF
No. Stories 1
Year Built 1951
Zoning RS-3
Parcel Numbers
21-31-123-004-0000
  • 21-31-221-037-0000
  • 25-03-202-029-0000
  • 25-09-309-067-0000
  • 25-09-317-035-0000
  • 25-11-103-020-0000
  • 25-20-108-019-0000
  • 25-20-213-002-0000
  • 25-20-309-012-0000
  • 25-22-323-046-0000
  • 25-28-219-013-0000
  • 25-28-226-005-0000
  • 25-33-106-020-0000
  • 28-25-321-017-0000
  • 28-25-321-019-0000
  • 28-26-106-032-0000
  • 28-26-205-017-0000
  • 28-35-408-051-0000
  • 29-02-300-050-0000
  • 29-02-411-001-0000
  • 29-09-206-054-0000
  • 29-11-200-050-0000
  • 29-14-216-012-0000
  • 29-15-207-001-0000
  • 29-15-207-003-0000
  • 29-15-212-008-0000
  • 29-15-404-009-0000
  • 29-22-100-023-0000
  • 29-22-203-009-0000
  • 29-27-206-012-0000
  • 30-08-321-062-0000
  • 30-20-400-036-0000
  • 30-32-204-013-0000
  • 31-03-105-010-0000
  • 31-23-401-028-0000
  • 31-27-317-009-0000
  • 31-27-403-001-0000
  • 32-03-420-027-0000
  • Listing ID: 29832043

  • Date on Market: 10/19/2023

  • Last Updated:

  • Address: 1450 W 112th Pl, Chicago, IL 60643

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