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1206-1210 W 83rd Street
Chicago IL 60620 US

$799,926

Active Listing ID 12674652
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27 bed
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25.00 Bath (25 Full)
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Other

$799,926

Active Listing ID 12674652
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1206-1210 W 83rd Street UNRIVALED 25-UNIT VALUE-ADD OPPORTUNITY IN THE HEART OF AUBURN GRESHAM Strike while the market is hot with this massive brick mixed-use powerhouse located at 1206-1210 W 83rd St. Positioned as the most competitive investment in the 60620 zip code, this asset is priced for a high-octane liquidation at just $799, 000. This is a rare chance to secure a scale-level project at approximately $32, 000 per door in a submarket that has seen a 21.7% year-over-year increase in median listing prices. The heavy lifting on capital expenditures has already been initiated with five units completely transformed into designer showcases. These renovated units feature sleek shaker cabinetry paired with premium white quartz countertops and a full suite of stainless steel appliances. The aesthetics are elevated by modern porcelain tile in the bathrooms, sophisticated matte black fixtures, and a mix of luxury vinyl plank and meticulously refinished original hardwoods. Throughout the building, new vinyl windows provide immediate energy efficiency and long-term cost savings. Operating at 45% occupancy, this property offers an immediate lease-up upside at 2026 market rates. The five high-visibility storefronts under flexible B3-2 zoning provide a versatile commercial engine or potential for residential conversion. Furthermore, the bottom line is set for a massive boost with property taxes projected to drop from $29, 000 to low teens next year. This is an "as-is" sale perfect for cash or hard money buyers looking to move fast and capture the best price-per-unit deal on the South Side. Forget the "unknowns" of a total gut rehab. We've already done the heavy lifting on the most critical components: Renovated Showcase Units: 5 units have been completely transformed with high-end designer finishes to set the new building standard. Designer Kitchens: Sleek shaker cabinetry, premium quartz countertops, and a full suite of stainless steel appliances. Spa-Inspired Baths: Modern porcelain tile, matte black fixtures, and custom LED lighting. Premium Flooring: A sophisticated mix of Luxury Vinyl Plank (LVP) and meticulously refinished original hardwoods. Energy Efficiency: The building features updated vinyl windows throughout, drastically reducing future CapEx. System Integrity: Recent maintenance includes fixed leaks and plumbing updates, ensuring a smoother transition for the new owner. THE UPSIDE: THE NUMBERS DON'T LIE Immediate Lease-Up Potential: Currently 45 percent occupied, allowing you to hand-select your tenant base at 2026 market rates. Commercial Engine: 5 vacant storefronts under flexible B3-2 zoning-perfect for retail, service, or potential residential conversion. Tax Transformation: Significant bottom-line boost incoming with property taxes projected to drop from $29k to just low teen next year. Priced to Move

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Property Features

  • Facts
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Full Bathrooms: 25
  • Cooling System: Window Unit(s)

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 799926
  • unparsedaddress: 1206-1210 W 83rd Street
  • postalcity: Chicago
  • stateorprovince: IL
  • country: US
  • postalcode: 60620
  • bathroomsfull: 25
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeunits: Acres
  • livingarea: 0
  • livingareaunits: Square Feet
  • latitude: 41.743352
  • longitude: -87.65403
  • listagentfullname: Peter Chrysanthou
  • listagentemail: peter@primerealestate.com
  • listagentkey: 3yd-MREDIL-189258
  • listagentmlsid: 189258
  • listagentpreferredphone: (708) 691-0833
  • listagentofficephone: 7086910833
  • listofficekey: 3yd-MREDIL-85043
  • listofficemlsid: 85043
  • disclaimer: Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: MREDIL
  • yearbuilt: 1929
  • listingcontractdate: 2026-06-10
  • listagenturl: http://www.PrimeRealEstate.com
  • countyorparish: Cook
  • parcelnumber: 20321310350000
  • cooling: Window Unit(s)
  • constructionmaterials: Brick
  • numberofunitstotal: 25
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 3
  • parkingtotal: 0
  • waterfrontyn: False
  • franchiseaffiliation: None
  • rooms: Bathroom 19, Bathroom 4, Bathroom 7, Bedroom 4, Bathroom 1, Bathroom 3, Bedroom 3, Bedroom 9, Bedroom 12, Bedroom 13, Bathroom 6, Bathroom 12, Bathroom 13, Bathroom 5, Bedroom 22, Bathroom 21, Bathroom 8, Bedroom 10, Bedroom 18, Bathroom 22, Bedroom 25, Bedroom 6, Bedroom 23, Bathroom 23, Bedroom 26, Bedroom 21, Bathroom 24, Bathroom 17, Bedroom 1, Bedroom 8, Bathroom 10, Bathroom 20, Bedroom 19, Bathroom 18, Bedroom 5, Bathroom 14, Bedroom 2, Bedroom 14, Bedroom 27, Bedroom 20, Bathroom 9, Bathroom 16, Bathroom 11, Bedroom 7, Bathroom 2, Bedroom 11, Bedroom 15, Bedroom 24, Bedroom 17, Bathroom 15, Bedroom 16, Bathroom 25
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -87.65403, 41.74335
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Prime Real Estate Group Inc", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"peter@primerealestate.com", "ListBrokerageCity":"Palos Park", "ListBrokerageCountry":"US", "ListBrokerageEmail":"peter@primerealestate.com", "ListBrokerageLogoUrl":null, "ListBrokerageName":"Prime Real Estate Group Inc", "ListBrokeragePhone":"(708) 691-0833", "ListBrokeragePostalCode":"60464", "ListBrokerageStateOrProvince":"IL", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"9654 W. 131st St #417", "ListBrokerageWebsiteUrl":"http://www.PrimeRealEstate.com", "ListOfficeAddress1":"14489 John Humphrey Dr Ste 2 ", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"85043", "ListOfficeCity":"Orland Park", "ListOfficeCountry":"US", "ListOfficeEmail":"peter@primerealestate.com", "ListOfficePostalCode":"60462", "ListOfficeStateOrProvince":"IL", "ListPriceCurrencyType":"USD", "ListingTitle":"MULTI_FAMILY - Chicago, IL", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/1206-1210-W-83rd-St_Chicago_IL_60620_M93776-58897?f=listhub&s=MREDIL&m=12674652&c=rexren", "MLSModificationTimestamp":"2026-06-11 08:06:04", "Neighborhoods":[{"Description":null, "Name":"CHI - Auburn Gresham"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":29975, "TaxDescription":null, "TaxYear":"2024"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 6/11/2026 8:16:23 AM GMT
Source Updated Date: 6/20/2026 12:30:50 PM GMT

Courtesy of: Peter Chrysanthou, Prime Real Estate Group Inc, peter@primerealestate.com

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.