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Listing provided courtesy of Exit Strategy Realty / EMA ManagementMREDas Distributed by MLSGrid- MLS# 12467147MLS Provider

1526 E 72nd PlaceChicago, IL 60619

Commercial · 12 Beds · 5,736 Sq. ft. | 0.14 Acres
$315,000 Active

1526 E 72nd Place Overview

Time on Site:
294 days
Visits:
1

Maximize your ROI with this exceptional middle-income rental development opportunity! This solid Chicago brick building, complete with balconies, is strategically located in a transit-connected hub, blocks from Metra, Jackson Park, and the Obama Library site, and just a stone's throw from the lakefront. Though in need of a full rehab, the payoff is immense. Currently set up as six 2 Bed/1 Bath units, the exceptionally high basement provides valuable space for potential expansion and increased revenue. This isn't just any building; it's a solid masonry structure with a steel center beam, built to last, a tank of a building. Plus, enjoy the added convenience of a brick 5-car garage on the alley. Seller willing to offer seller financing for this building.

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1526 E 72nd Place Facts & Features

  • Type Commercial
  • Sq. ft. 5,736
  • Price/Sq.ft. $55
  • Lot 0.14 Acres

Details

General

Income/Expenses

  • Other Expense: 20000
  • Electric Expense: 0
  • Fuel Expense: 0
  • Gross Income: 86400
  • Gross Scheduled Income: 7200
  • Insurance Expense: 0
  • Maintenance Expense: 0
  • Net Operating Income: 66400
  • Operating Expense: 11200
  • Trash Expense: 0
  • Water Sewer Expense: 0

Building Information

  • Year Built: 1917

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: CHI - South Shore

Rent/Lease Information

  • Tenant Pays: None

Tax Information

  • Tax Annual Amount: $3,388.00
  • Tax Year: 2023

General Information

  • Parcel Number: 20262110130000
  • Property Type: Commercial Sale
  • Zoning: MULTI

Interior

Building Interior

  • Building Area Total: 5736

General Information

  • Cooling: None
  • Electric: Circuit Breakers
  • Foundation Details: Concrete Perimeter
  • Stories: 3

Exterior

Lot Information

  • Additional Parcels: No
  • Lot Size Acres: 0.14
  • Lot Size Dimensions: 50X125
  • Lot Size Square Feet: 6250

Building Exterior/Construction

  • Construction Materials: Brick

General Information

  • Number Of Units Total: 6

Unit Information

Unit 1 Details

  • Unit Type: Unit 1
  • Beds Total: 2
  • Baths Total: 1
  • Units Total: 1

Unit 2 Details

  • Unit Type: Unit 2
  • Beds Total: 2
  • Baths Total: 1
  • Units Total: 1

Unit 3 Details

  • Unit Type: Unit 3
  • Beds Total: 2
  • Baths Total: 1
  • Units Total: 1

Unit 4 Details

  • Unit Type: Unit 4
  • Beds Total: 2
  • Baths Total: 1
  • Units Total: 1

Unit 5 Details

  • Unit Type: Unit 5
  • Beds Total: 2
  • Baths Total: 1
  • Units Total: 1

Unit 6 Details

  • Unit Type: Unit 6
  • Beds Total: 2
  • Baths Total: 1
  • Units Total: 1

Unit 7 Details

  • Unit Type: Unit 7
  • Beds Total: 0
  • Units Total: 0

1526 E 72nd Place Neighborhood

Community

60619 (Chicago) Demographics

42
Median Age
10,192
Population Density (per sq. mile)
35%
College Educated
$40,762
Estimated Median Income
12,181
Estimated Total Home Owners
15,093
Estimated Total Renters
45% / 55%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

1526 E 72nd Place Monthly Cost

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Jim Luxem Jr
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1526 E 72nd Place Market Data

Based on the last 30 days in this zip code

$215,577
Average List Price
$140
Average Price per Square Foot
34
Properties Sold
82
Average Days on Market
178
Properties for Sale
Calculations provided by Reliance Network

1526 E 72nd Place History

Date Event Value Agent
3/29/2026Source: MRED Status Change
Active
3/24/2026Source: MRED Status Change
Re-activated
9/14/2025Source: MRED Status Change
Active
9/9/2025Source: MRED Added to Database
September 09, 2025