Address
2258 S Whipple Street, Chicago, IL
Price
$ 275,000
Property Attributes
- MLS#12755698
- TypeCommercial
- Listing Status Active
- CountyCOOK
- CityChicago
- AreaCHI - South Lawndale
- NeighborhoodLittle Village
- Zip60623
- Style
- Year Built1893
- Taxes$ 4015
- Price$ 275,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage3828
- Lot Size0.072888 Acres
Data Source:
Midwest Real Estate Data (MRED)
Property Description
Attention investors, developers and experienced rehabbers. Unique masonry multifamily property offering substantial space, multiple residential living areas and significant value-add potential. Cook County Assessor records identify the property as Multi Family with Five Apartments, and the property is currently zoned RT-4. The existing layout includes two 2-bedroom/1-bath units and one 3-bedroom/1-bath unit, along with a full finished attic extending across the building and providing a substantial additional level. The attic currently includes four bedrooms, a living area, recreational space, a bathroom and storage, creating considerable flexibility for future renovation or reconfiguration subject to applicable approvals. The first floor also includes a large former storefront/bar space, plus an additional room behind it that may function as a bedroom, office or flex space, along with a bathroom. A detached brick two-car garage provides additional parking and storage. With its multifamily configuration, full finished attic, former commercial space, masonry construction and detached garage, this property offers a compelling opportunity for an investor seeking a Chicago rehab, redevelopment or repositioning project. Be sure to review the floor plans to better understand the overall layout and full potential of the property. Property is being sold AS-IS. Buyer to perform all due diligence regarding zoning, legal unit count, permitted uses, occupancy, building condition and any future redevelopment plans.
| Price History | |
|---|---|
| 9/10/2026 | Listed $275,000 |
General Features
| Cooling | None |
|---|---|
| Construction Materials | Brick |
| Year Built | 1893 |
| Electric | Circuit Breakers |
| Stories Count | 2 |
| Property Subtype | Mixed Use |
| Tax Year | 2023 |
| Gross Income | 14400 |
| County | Cook |
| Net Operating Income | 2638 |
| Operating Expense | 9362 |
| Insurance Expense | 1948 |
| Property Type | Commercial Sale |
| Status | Active |
| Directions | Cermak Rd to Whipple St,S to property |
| City | Chicago |
| Number Of Units Total | 6 |
| MLS Area | CHI - South Lawndale |
| Lot Size Square Feet | 3175 |
| Tax Annual Amount | 4015 |
| Electric Expense | 484 |
| Trash Expense | 456 |
| Water Sewer Expense | 1938 |
| Standard Status | Active |
| Property Type | Mixed Use |
| Cap Rate | 0.96 |
Exterior Features
| Building Area Total | 3828 |
|---|---|
| Lot Dimensions | 126 x 25 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 60623
Price
Taxes
Year Built
Visits
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