460 W 28th Pl, Chicago, IL 60616

Property Description

This well-maintained brick 6-unit building presents a compelling investment opportunity featuring a desirable unit mix of two (2) 2-bedroom / 2-bath apartments, two (2) 2 Bedroom/1 -Bath Units and two (2) 1-bedroom / 1-bath units. The property offers apartment-quality updates throughout, including modern kitchens and baths, stainless steel appliances, and contemporary range hoods that appeal to today’s renters. Interiors are thoughtfully improved while maintaining operational efficiency, creating strong in-place tenancy and long-term rental stability.

The building includes shared laundry facilities in the rear lower level, offering free on-site laundry as a valuable tenant amenity, along with bundled utilities including water, sewer, trash, and Wi-Fi to simplify management and enhance leasing appeal. A two-car garage provides additional income potential and convenience for residents. With its solid brick construction, updated interiors, and tenant-friendly amenities, this asset delivers a balanced combination of durability, modern finishes, and steady cash flow potential.

Location Description

460 W 28th Place is strategically located in Chicago’s established Bridgeport neighborhood, offering strong regional connectivity and convenient access to major transportation infrastructure. The property is just minutes from the Stevenson Expressway (I-55) and Interstate 90/94 (Dan Ryan Expressway), providing seamless north-south and east-west travel throughout the Chicago MSA. Public transportation is a key asset, with proximity to the CTA Red Line at Sox-35th Station and the CTA Orange Line, both offering direct access to downtown Chicago, the Loop, and Midway Airport. Multiple CTA bus routes along Halsted Street and 31st Street further enhance transit accessibility for residents and employees.