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724 E 50th Pl
Chicago, IL 60615 Bronzeville

$1,300,000 USD

Apartments For Sale  •  13,200 SF

Property Details

  • Property Type Apartments
  • Total Building Size 13,200 SF
  • Lot Size 0.16 AC
  • Building Class C
  • Year Built 1890
  • Zoning RM-5
80 Transit Score
80 Walk Score

Highlights

Below-Market Entry Point — Offered at $216,667/unit, undercutting the active on-market average ($233,854/unit) and matching recent Bronzeville trades
Renovation Already Done — A comprehensive 2005 program covered the roof, masonry, windows, steel porches, plumbing, electrical, and HVAC.
Built-In Upside via Lease-Up — One vacant unit and rents still below pro-forma create a clear path from 6.09% as-is to 7.08% Year 1 and 8.92% proforma
Strong Unit Mix — Two spacious 4bd/3ba duplex units (2,231 SF) plus four 3bd/2ba units (1,414 SF), totaling 10,118 SF plus 5 parking spots
Bronzeville Momentum — ZIP 60615 median household income is up 64.7% since 2011 to $63,876, with per capita income ~25% above the U.S. average.

Amenities

  • Cable Ready
  • Dishwasher
  • Fenced Lot
  • Washer/Dryer
  • Washer/Dryer Hookup
  • Heating
  • Kitchen
  • Granite Countertops
  • Hardwood Floors
  • High Speed Internet Access
  • Refrigerator
  • Oven
  • Stainless Steel Appliances
  • Range
  • Tub/Shower
  • Views
  • Wi-Fi
  • Dining Room
  • Lawn
  • Linen Closet
  • Large Bedrooms
  • Private Bathroom
  • Smoke Detector

Public Transportation

Commuter RailDriveWalkDistance
47th Street Station (Metra Electric Line - Northeast Illinois Regional Commuter Railroad (Metra)) 3 min - 1.3 mi
53rd Street Hyde Park Station (Metra Electric Line - Northeast Illinois Regional Commuter Railroad (Metra)) 4 min - 1.4 mi
Transit/SubwayDriveWalkDistance
51st Street Station (Green Line - Chicago Transit Authority "L" Trains (The "L")) 2 min 12 min 0.6 mi
Garfield Station (Green Line) (Green Line - Chicago Transit Authority "L" Trains (The "L")) 4 min 20 min 1.0 mi
47th Street Station (Green Line) (Green Line - Chicago Transit Authority "L" Trains (The "L")) 3 min 20 min 1.0 mi
AirportDriveWalkDistance
Chicago Midway International 20 min - 9.4 mi
Chicago O'Hare International 62 min - 27.1 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 5
Type: Surface
Included in Rent: Yes
Kevin Rocio 312-972-4381 ROC Advisory Group - @properties Commercial
Kevin Rocio 312-972-4381 ROC Advisory Group - @properties Commercial