Presenting 724 East 50th Place, a six-unit multifamily asset in Bronzeville priced at $$216,667/unit which is below active comps and in line with recent trades. The building is comprised of two 4BD/3BA duplex units and four 3BD/2BA units, plus 5 exterior parking spaces, and received a comprehensive 2005 renovation covering the roof, masonry, windows, plumbing, electrical, and HVAC. Year 1 NOI is $92,029 (7.08 cap) which includes an $8k increase in property taxes, growing to $115,957 (8.92 cap) pro-forma by leasing the one vacant unit and pushing rents to market. Located minutes from the University of Chicago and UChicago Medicine, the South Side's largest private employer, in a submarket where median household income has grown my more than half since 2011. Offering Memorandum available upon request.
Details
MLS #
12752591
Listing Type
For Sale
Style
Multi Family 5+
Sub-Type
Resale
Status
Active
Year
1893
Days On Site
63
Listing Provided By
@properties Commercial | Kevin Rocio
Features
SQ Feet
10,118
Story(s)
3
Units
6
Zoning
MULTI
Acreage
0.14
Interior
Cooling
Central Individual
Utilities
Electric
Circuit Breakers
Taxes
Tax Year
2025
Tax Annual Amount
25206
Area Information
State
IL
County
Cook
City
Chicago
Zip Code
60615
Area
CHI Grand Boulevard
Listing VS Median (in 60615)
Price: $1,300,000
low | high
Med: $179,900
100% of Average
sqft: 10,118
low | high
Med: 1,037
100% of Average
$ / sqft: $128
low | high
Med: $173
14.978250871597% of Average
On site: 63
low | high
Med: 18
100% of Average
Sourced by Back At You
Market Activity 60615
Date
Sales
Avg $ Per SqFt
Min Sale Price
Max Sale Price
Med Sale Price
Date: Oct 2026
Sales: 1
Avg $ Per SqFt: $90.59
Min Sale Price: $77,000
Max Sale Price: $77,000
Med Sale Price: $77,000
Date: Sep 2026
Sales: 6
Avg $ Per SqFt: $175.71
Min Sale Price: $40,000
Max Sale Price: $374,500
Med Sale Price: $179,500
Date: Aug 2026
Sales: 15
Avg $ Per SqFt: $179.04
Min Sale Price: $75,000
Max Sale Price: $770,000
Med Sale Price: $299,000
Date: Jul 2026
Sales: 16
Avg $ Per SqFt: $183.72
Min Sale Price: $70,000
Max Sale Price: $810,000
Med Sale Price: $258,500
Date: Jun 2026
Sales: 28
Avg $ Per SqFt: $203.34
Min Sale Price: $22,000
Max Sale Price: $780,000
Med Sale Price: $285,000
Date: May 2026
Sales: 31
Avg $ Per SqFt: $189.59
Min Sale Price: $40,000
Max Sale Price: $1,031,250
Med Sale Price: $330,000
Date: Apr 2026
Sales: 26
Avg $ Per SqFt: $171.27
Min Sale Price: $41,000
Max Sale Price: $3,415,000
Med Sale Price: $295,000
Date: Mar 2026
Sales: 24
Avg $ Per SqFt: $208.82
Min Sale Price: $120,000
Max Sale Price: $1,270,000
Med Sale Price: $270,000
Date: Feb 2026
Sales: 20
Avg $ Per SqFt: $209.97
Min Sale Price: $110,000
Max Sale Price: $2,725,000
Med Sale Price: $260,000
Date: Jan 2026
Sales: 29
Avg $ Per SqFt: $188.1
Min Sale Price: $33,500
Max Sale Price: $2,050,000
Med Sale Price: $305,000
Date: Dec 2025
Sales: 19
Avg $ Per SqFt: $167.08
Min Sale Price: $79,900
Max Sale Price: $1,000,000
Med Sale Price: $195,000
Date: Nov 2025
Sales: 18
Avg $ Per SqFt: $213.33
Min Sale Price: $37,500
Max Sale Price: $1,255,000
Med Sale Price: $462,500
Sourced by Back At You
Oct 2026
Sales:
1
Avg $ Per SqFt:
$90.59
Min Sale Price:
$77,000
Max Sale Price:
$77,000
Med Sale Price:
$77,000
Sep 2026
Sales:
6
Avg $ Per SqFt:
$175.71
Min Sale Price:
$40,000
Max Sale Price:
$374,500
Med Sale Price:
$179,500
Aug 2026
Sales:
15
Avg $ Per SqFt:
$179.04
Min Sale Price:
$75,000
Max Sale Price:
$770,000
Med Sale Price:
$299,000
Jul 2026
Sales:
16
Avg $ Per SqFt:
$183.72
Min Sale Price:
$70,000
Max Sale Price:
$810,000
Med Sale Price:
$258,500
Jun 2026
Sales:
28
Avg $ Per SqFt:
$203.34
Min Sale Price:
$22,000
Max Sale Price:
$780,000
Med Sale Price:
$285,000
May 2026
Sales:
31
Avg $ Per SqFt:
$189.59
Min Sale Price:
$40,000
Max Sale Price:
$1,031,250
Med Sale Price:
$330,000
Apr 2026
Sales:
26
Avg $ Per SqFt:
$171.27
Min Sale Price:
$41,000
Max Sale Price:
$3,415,000
Med Sale Price:
$295,000
Mar 2026
Sales:
24
Avg $ Per SqFt:
$208.82
Min Sale Price:
$120,000
Max Sale Price:
$1,270,000
Med Sale Price:
$270,000
Feb 2026
Sales:
20
Avg $ Per SqFt:
$209.97
Min Sale Price:
$110,000
Max Sale Price:
$2,725,000
Med Sale Price:
$260,000
Jan 2026
Sales:
29
Avg $ Per SqFt:
$188.1
Min Sale Price:
$33,500
Max Sale Price:
$2,050,000
Med Sale Price:
$305,000
Dec 2025
Sales:
19
Avg $ Per SqFt:
$167.08
Min Sale Price:
$79,900
Max Sale Price:
$1,000,000
Med Sale Price:
$195,000
Nov 2025
Sales:
18
Avg $ Per SqFt:
$213.33
Min Sale Price:
$37,500
Max Sale Price:
$1,255,000
Med Sale Price:
$462,500
MLS Number: 12752591
Kevin Rocio – (312) 972-4381 – kjrocio@atproperties.com
@properties Commercial – (312) 337-0200
Request a showing
Request a showing
The information is being provided by MRED. Information deemed accurate but not guaranteed. Information is provided for consumers personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2026 MRED. All Rights Reserved.
MLS Number: 12752591
Kevin Rocio – (312) 972-4381 – kjrocio@atproperties.com
