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0 Beds
10,118 sqft

$1,300,000

724 E 50th Place, Chicago IL, 60615

Price per sqft$128.48
Built in1893
Property size10,118 sqft
Property typeMulti-family
Listed by Kevin Rocio with @properties Commercial 312-337-0200

Overview

Active

Listed Sep 7, 2026

Updated 6 days ago

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.

$8,649/mo

Est. mortgage payment based on a $1,300,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Other Property Details

Taxes
$25,206
Tax Frequency
Annually
Maintenance Expense
$6,618
MLS provider logo

Listed by Kevin Rocio with @properties Commercial 312-337-0200

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Data is refreshed every 3 hours. Listing last updated 4:24 AM UTC on 9/15/2026. 

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