1526 E 72nd Pl

$315,000
Price
12
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

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....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.

Property Details for 1526 East 72nd Place

Area
CHI - South Shore
Air Conditioning Type
None
Zoning
MULTI
LISTING UPDATED: 11/06/2025 04:40 PM

Property Details for 1526 East 72nd Place

StatusActive
MLS #12467147
Days on Market148
Taxes$3,388 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Multi Family 5+-Garden Complex
Year Built1917
Lot Size0.14 AC / 6,250 SF
CountyCook County

Location

Listing Courtesy of Exit Strategy Realty / EMA Management
Add your commute

Building Information for 1526 East 72nd Place

Stories3Residences6Year Built1917Building Size-Lot Size0.14 AC / 6,250 SF

Payment Calculator

$1,839 per month

30 year fixed, 6.28% Interest

Principal and Interest

$1,557

Property Taxes

$282

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1526 East 72nd Place

General Information
Location and General Information
  • Information: List Broker Must Accompany
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: None
  • Electric: Circuit Breakers
  • Heat/Ventilation: Gas,Hot Water
  • Num of Baths: 6.0
Exterior Features
  • Misc Outside: Balcony/ies,Courtyard,Security Gate
Property/Lot Information
  • Tenant Pays: None
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Garden Complex
  • Lot Dimensions: 50X125
  • Lot Size Square Feet: 6250.0
  • Stories: 3
  • Construction: Brick
  • Foundation Details: Concrete Perimeter
  • Building Area Total: 5736
  • MRD_UNC: No
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 11
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 6
Income & Expenses
  • Electric Expense: $.00
  • Fuel Expense: $.00
  • Gross Income: $86,400.00
  • Gross Scheduled Income: $7,200.00
  • Insurance Expense: $.00
  • Maintenance Expense: $.00
  • Janitor Expense: 0
  • Total Monthly Income: 5100
  • Net Operating Income: $66,400.00
  • Operating Expense: $11,200.00
  • Other Expense: $20,000.00
  • Trash Expense: $.00
  • Water Sewer Expense: $.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 1
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 1
Unit 3
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 1
Unit 4
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 1
Unit 5
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 1
Unit 6
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 1
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 1526 East 72nd Place

DateEvent & SourcePriceAppreciation
Sep 9, 2025

Listed (Active)

MRED #12467147

$315,000
Jul 12, 2025

Cancelled

MRED #12357164

$315,000
May 5, 2025

Listed (Active)

MRED #12357164

$315,000
Feb 28, 2025

Sold (Public Record)

Public Record #1907176025

$20,000

-9.1% / yr

Sep 9, 2010

Sold

MRED #07553332

$80,000
Sep 2, 2010

Sold (Public Record)

Public Record #296743752

$80,000
Aug 14, 2010

Pending

MRED #07553332

Jun 11, 2010

Listed (Active)

MRED #07553332

$99,900
May 31, 2010

Expired

MRED #07499162

$109,900
Apr 13, 2010

Listed (Active)

MRED #07499162

$109,900
May 29, 2009

Cancelled

MRED #07151503

$249,900
Mar 4, 2009

Listed (Active)

MRED #07151503

$249,900
Mar 4, 2009

Cancelled

MRED #07141185

$249,000
Feb 20, 2009

Cancelled

MRED #07090023

$274,900
Feb 20, 2009

Listed (Active)

MRED #07141185

$249,000
Dec 9, 2008

Listed (Active)

MRED #07090023

$274,900
DateEvent & SourcePrice
09/09/2025

Listed (Active)

MRED #12467147

$315,000
07/12/2025

Cancelled

MRED #12357164

$315,000
05/05/2025

Listed (Active)

MRED #12357164

$315,000
02/28/2025

Sold (Public Record)

Public Record #1907176025

$20,000

-9.1% / yr

09/09/2010

Sold

MRED #07553332

$80,000
09/02/2010

Sold (Public Record)

Public Record #296743752

$80,000
08/14/2010

Pending

MRED #07553332

06/11/2010

Listed (Active)

MRED #07553332

$99,900
05/31/2010

Expired

MRED #07499162

$109,900
04/13/2010

Listed (Active)

MRED #07499162

$109,900
05/29/2009

Cancelled

MRED #07151503

$249,900
03/04/2009

Listed (Active)

MRED #07151503

$249,900
03/04/2009

Cancelled

MRED #07141185

$249,000
02/20/2009

Cancelled

MRED #07090023

$274,900
02/20/2009

Listed (Active)

MRED #07141185

$249,000
12/09/2008

Listed (Active)

MRED #07090023

$274,900

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1526 East 72nd Place

Taxable ValueLand$7,812Additions$8,187Total$15,999
Tax Record2023$3,388 ($282 / month)
Home Facts
Baths6Total Finished SqFt5,736 SqFtAbove Grade Finished SqFt5,736 SqFtStories3Lot Size6,250 SqFtStyleMulti-Family Res (5+ Units)Year Built1919CountyCOOKAPN20-26-211-013

Schools near 1526 East 72nd Place

This home is within Chicago Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - PK to 8
Charter - 7 to 11
Rating
School
Distance
Madison Elementary School
PublicPK to 8

South Shore Fine Arts Elementary School
PublicPK to 8

Art in Motion Charter School
Charter7 to 11

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Neighborhood Map and Transit

Similar Homes

Similar Sold Homes

1526 East 72nd Place is a multi-family home for sale in Chicago, IL 60619. This property was listed for sale on September 9, 2025 by Exit Strategy Realty / EMA Management, it's currently listed at $315,000. It has been on the market for a total of 148 days and was last sold on February 28, 2025. This listing's school district is Chicago Public Schools. Nearby schools include Madison Elementary School, Chicago Vocational Career Academy High School and South Shore Fine Arts Elementary School. 1526 East 72nd Place is a 12-bed, 6-bath, multi-family home built in 1917.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Exit Strategy Realty / EMA Management

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 11/06/2025 04:40 PM. 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.