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724 E 50th PlaceChicago, IL 60615

Cook County

$1,300,000List price
10,118Sq Ft
1893Year built
9 weeks agoOn market

Description

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.

Property Information

Property type
Commercial Sale
Sub-type
Multi Family
Year built
1893
Building area
10,118 Sq Ft
Lot dimensions
50x125
Zoning
MULTI
Days on market
65
MLS® Listing#
12752591

Property Features

Cooling
Central Air

Financial Details

Annual taxes
$25,206Tax year 2025
Parcel number
20102260370000

Directions

From 51st St, turn north onto Evans Ave. Turn right onto 50th Place (one way street), and the listing will be on the north (left) side of the street.

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Listing Courtesy: @properties Commercial - 3123370200

Based on information submitted to the MLS GRID as of 2026-09-07T00:00:00.000Z. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Last Updated: 2026-09-07T00:00:00.000Z

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