1302 W 98th Place Chicago IL 60643 MLS #MRD12532572

MLS #MRD12532572 image #0
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.

Property Details

Price:
$485,000
MLS #:
MRD12532572
Status:
Active
Beds:
7
Baths:
4
Type:
Multi Family
Neighborhood:
chiwashingtonheights
Listed Date:
Dec 15, 2025
Year Built:
1924
Chi – Washington HeightsChiwashingtonheights

Schools

School District:
299

Interior

Heating
Radiator(s)

Exterior

Construction Materials
Brick

Financial

Tax Year
2023
Taxes
$2,210

Listing Agent & Office

Jerome Harper
Keller Williams ONEChicago

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1302 W 98th Place
Chicago, IL