2854 South Throop Street

Chicago IL 60608

Multi-Family

Last sold for $610,000

Sheila Messer, last sold this property on 28 January 2025 after 75 days on market.

Overview

*Multiple Offers Received - Highest & Best by 11/18/2024 Monday @ 3 p.m.* Wow...Check Out the Beautiful Curb Appeal & Style of this Tall Classic Red Brick 3 unit building! Definitely a MUST SEE! This High Demand Location is just steps to Archer Avenue and a short walk to the Orange Line. Minutes to Downtown, Chinatown and all that Chicago has to offer, the location can't be beat! Incredible Opportunity for Rental Investment Property or for an Owner-Occupant. The property has been long time owned & family occupied and now awaits the next proud owner. 1st & 2rd flr. units are currently vacant, making it easier for the new owner to establish new leases & terms for future tenants. 3rd flr. unit is month to month occupied. Each unit boasts an abundance of natural light, gleaming hardwood floors, 2-3 bedrooms, 1 bath, cozy living room, formal dining room, eat-in kitchen, in-unit laundry room, separate utilities, individual hot water heaters, and enclosed rear porch for addl. storage space. The 1st flr. unit features central gas forced heat & the 2nd and 3rd flr. units feature wall space heaters. The tall unfinished basement offers tremendous storage space as well as possible potential for duplexing 1st floor unit down. The huge gorgeous back yard is perfect for outdoor gatherings, gardening or for future garage. Don't miss out on the opportunity to purchase this stunning building, perfect for either a rental investment property or as an owner occupant building, live in one unit and collect rental income from the other 2 units to off-set mortgage cost. Property being conveyed "AS-IS".

Features

8 bedrooms

3 bathrooms

Multi-Family

Estimated Value

Based on this property and similar 8 bedroom multi families sold in Chicago over the last 12 months, the estimated median property value of 2854 South Throop Street is $566.25k.

Median value

$566.25k

Estimated value range

$290k - $1.51m

Median days on market

Estimated value trend

-8%

decrease over the last 12 months

Average days on market is based on recent, comparable sales in Chicago. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 2854 South Throop Street

2025

Sold

$610,000

28 Jan 2025 by Sheila Messer, of Bridgeport Realty Group, LLC

Happy sellers in Chicago

We have insufficient information to provide an overview of customer satisfaction for Chicago. Viewing the agent profiles, reviews and sales for Chicago can provide insights for this location.