Prime Washington Park development opportunity offering scale, flexibility, and park-front exposure. Zoned RM-5, this property features an approximately 8,000 sq ft main building plus a coach house with three on-site garage spaces, presenting potential for 6-9 residential units (buyer to verify). The main building is fully gutted and ready for redevelopment, with bright garden-level units and first-, second-, and third-floor units overlooking Washington Park-a strong draw for future tenants. Architectural plans for a 6-unit configuration are available, and the seller is willing to share plans with qualified buyers. Surrounded by ongoing new construction and redevelopment, this is an excellent opportunity for developers or investors seeking a value-add or repositioning project in a growing corridor with convenient access to transportation and neighborhood amenities. Sold as-is.
New
$600,000
Chicago, IL 60637
12beds
--sqft
Est.:
Multi Family
Built in 1894
-- sqft lot
$604,400 Zestimate®
$--/sqft
$-- HOA
What's special
Units overlooking washington parkPark-front exposureBright garden-level units
- 6 hours |
- 81 |
- 1 |
Zillow last checked: 8 hours ago
Listing updated: 14 hours ago
Listing courtesy of:
Rafay Qamar (773)516-1111,
Real Broker LLC,
Nemanja Nikolic 630-863-1845,
Real Broker LLC
Source: MRED as distributed by MLS GRID,MLS#: 12534045
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 8
- Full bathrooms: 8
Heating
- None
Features
- Basement: Unfinished,Full
Property
Parking
- Total spaces: 3
- Parking features: No Garage, Garage Owned, Detached, Garage
- Garage spaces: 3
Lot
- Size: 7,533.13 Square Feet
- Dimensions: 42.5 X 177.25
Details
- Additional structures: Guest House
- Parcel number: 20153050320000
- Zoning: MULTI
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
- Foundation: Stone
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1894
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Sidewalks, Street Lights
Location
- Region: Chicago
Financial & listing details
- Annual tax amount: $11,695
- Date on market: 12/22/2025
- Ownership: Fee Simple
Estimated market value
$604,400
$574,000 - $635,000
$2,034/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 12/22/2025 | Listed for sale | $600,000+14.3% |
Source: | ||
| 5/1/2025 | Listing removed | $525,000 |
Source: | ||
| 1/13/2025 | Listed for sale | $525,000-4.5% |
Source: | ||
| 9/3/2024 | Listing removed | $550,000 |
Source: | ||
| 8/28/2024 | Price change | $550,000-4.3% |
Source: | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2023 | $7,426 +2.6% | $35,080 |
| 2022 | $7,238 -5.6% | $35,080 -7.7% |
| 2021 | $7,664 +20% | $37,999 +32.5% |
BuyAbility℠ payment
Est. payment
$4,049/mo
Principal & interest
$2899
Property taxes
$940
Home insurance
$210
Climate risks
Neighborhood: Washington Park
Nearby schools
GreatSchools rating
- 2/10Dulles Elementary SchoolGrades: PK-8Distance: 0.5 mi
- 1/10Phillips Academy High SchoolGrades: 9-12Distance: 2.6 mi
Schools provided by the listing agent
- District: 299
Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
- Loading
- Loading





