IL > Chicago
Chicago, IL 60608,2935 S Throop ST
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Chicago, IL 60608,2935 S Throop ST
Chicago, IL 60608,2935 S Throop ST
Chicago, IL 60608,2935 S Throop ST
Chicago, IL 60608,2935 S Throop ST
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Samuel Stella

Samuel Stella

Stellar Results Realty

+1(224) 426-4652
$ 1,325,000
Est. payment /mo
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2935 S Throop ST Chicago, IL 60608

6,440 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family 5+

Listing Status Active

Purchase Type For Sale

Square Footage 6,440 sqft

Price per Sqft $205

MLS Listing ID 12399264

Year Built 1920

Annual Tax Amount $15,525

Tax Year 2023

Lot Size 2,613 Sqft

Lot Dimensions 25X115

Property Sub-Type Multi Family 5+

Property Description

Large 7-unit brick apartment building at the coveted corner of Throop Street and 29th Street, offering a rare investment opportunity. This well-maintained property features spacious 1, 2, and 3-bedroom units, recently updated to attract quality tenants while retaining a few long-term residents for stability. With an annual rental income above 110,000, the below-market rents present significant upside potential for immediate revenue growth through strategic increases. Tenant-paid utilities and low operating expenses ensure strong cash flow, making this a low-maintenance, high-yield asset. The building's financial appeal is further enhanced by a successful 2024 tax appeal, resulting in a reduced property tax burden. Its corner location provides excellent visibility and accessibility, ideal for sustained tenant demand. With modern updates already in place and minimal upkeep required, this property is positioned for both short-term gains and long-term appreciation. Don't miss the chance to acquire a turnkey multifamily investment with immediate value-add potential in a thriving rental market.

Location

State IL

County Cook

Area Chi - Bridgeport

Zoning MULTI

Rooms

Basement Unfinished

Interior

Cooling Central Air, Central Individual

Fireplace N

Building

Dwelling Type Multi Family 5+

Level or Stories 3

Structure Type Brick,Block

Midwest Real Estate Data (MRED) IDX
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Angelo Labriola • Sperry Van Ness
agent

Samuel Stella

Designated Managing Broker / Owner | License ID: 471.021016

+1(224) 426-4652

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2935 S Throop ST

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