Closed

$485,000

1302 98th Place, Chicago, IL 60643
7 Beds4 Baths56 days
1302 98th Place·Chicago, IL 60643
7Bedrooms
4Bathrooms
1924Year Built
About This Home

This well maintained four unit brick building on a quiet Washington Heights block offers a strong entry point for both seasoned investors and those purchasing their first multifamily property. The building includes three two bedroom units and one spacious one bedroom unit. One unit has been recently renovated, while the remaining apartments are occupied by long term tenants, providing immediate income with room to grow over time. Each unit features a practical layout with good natural light and comfortable living space. Significant updates have already been completed, reducing near term maintenance concerns. Recent upgrades help the property run efficiently and make ownership more predictable, an important factor for newer investors. For an owner occupant, this property offers the ability to live in one unit while rental income helps offset monthly expenses. For investors, it represents a stabilized asset in an established South Side neighborhood with consistent housing demand. Washington Heights offers access to schools, public transportation, neighborhood retail, and the I-57 expressway. Well cared for four unit buildings like this remain limited in the Chicago market, making this a practical and durable long term investment.

MLS# 12532572Listed December 15, 2025Residential Income
Property Details

Beds & Baths

Total Bedrooms7
Total Bathrooms4
Total Rooms18

Size & Structure

Year Built1924
Lot Size3813

Location

CountyCook
TownshipHyde Park
Zip Code60643

Financial

List Price$485,000
Annual Taxes (2023)$2,210
Monthly Tax Est.$184
Parcel #25081140360000
Interior Features

Heating

Radiator(s)

Basement

UnfinishedFull
Exterior & Lot

Construction

Brick
Utilities & Parking

Sewer

Public Sewer

Water Source

Lake Michigan
Tax & Financial
Annual Taxes
$2,210
Tax Year 2023
Monthly Tax Est.
$184
per month
Property Location

1302 98th Place, Chicago, IL 60643Cook County

$485,000
1302 98th Place
7 bd4 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
56 days on market
3813
$2,210/yr taxes
$2,733
estimated monthly payment
Principal & Interest
$2,549/mo
Property Tax
$184/mo
$485,000
20% — $97,000
3%50%
6.875%
3%12%
Loan Amount
$388,000
Down Payment
$97,000

* Estimated payment only. Actual rates, taxes, and insurance may vary. Contact a lender for a personalized quote.

Listed by
Keller Williams ONEChicago
Agent: Jerome Harper
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Listing Courtesy: MRED as distributed by MLS GRID | @properties Christie's International Real Estate

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