724 E 50th PlaceChicago, IL 60615
Cook County
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
- 10
- MLS® Listing#
- 12752591
Property Features
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.
Listing Courtesy: @properties Commercial - 3123370200
Last Updated: 2026-09-07
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 4745 S St. Lawrence Avenue, Chicago, IL | $1,299,000 | — | — | — |
| 4541 S Forrestville Avenue, Chicago, IL | $1,230,000 | — | — | — |
| 706 E 51st Street, Chicago, IL | $1,200,000 | — | — | — |
| 4530 S King Drive, Chicago, IL | $1,225,000 | — | — | 15,800 |
