Well maintained 4 flat in the middle of UIC area. Great short street with Arrigo park at the end of the block. Three units are occupied and one is intentionally left vacant for new owner. Three occupied units have leases expiring July, 2027. The 3rd floor will expire July 31, 2025 after a $50 rent increase effective 8/1/24. Units are in very good condition with SS dishwashers, refrigerators, stoves, over range microwaves and 3 units have washer and dryers in unit. There is an existing garage structure that no longer has alley access, so it is essentially a large shed, work area, other - it has lots of potential (possibly a 5th unit). Four water heaters and 4 forced air furnaces (2 with central air). Roof was a tear-off and replaced in 2014 by Reed Roofing.
Multi-familyProperty Type
1885Year Built
Listed by Stacy Braack• Core Realty & Investments Inc.
Little Italy, located between the University of Illinois Chicago campus and the West Loop, is a historic and walkable Chicago neighborhood with classic brick flats and a restaurant-lined main drag. The neighborhood’s character concentrates along Taylor Street near Racine Avenue, where old-school Italian eateries, espresso counters, and corner bakeries keep the sidewalks busy. Community pillars include the National Italian American Sports Hall of Fame, the Italian American Museum of Chicago, and Rosebud on Taylor. Tree-lined blocks mix greystones, two-flats, and newer mid-rises, giving the streetscape a layered look. Arrigo Park and the surrounding courts add a daily rhythm of pick-up games and festivals. CTA Blue Line access at UIC-Halsted links the area to downtown and O’Hare.
Provided by Walk Score and Local Logic
Offer insights
708 S Ada St · $1,099,000
$1.1M and above
75% chance or better to win
Why $1.1M+ is a strong offer
DAYS ON MARKET
47 days
The average home goes pending in 58 days.
SALE-TO-LIST
99.5%
Most homes are selling 0% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
21 total rooms
Screens on windows
CO detectors
Ceiling fans
Multiple water heaters
Hardwood floors throughout units
Cathedral ceilings (one unit)
Skylights/windows (one unit)
Bedrooms
9 total bedrooms across building (3-bedroom unit plus three 2-bedroom units)
Bathrooms
4 full bathrooms in building
Kitchen
Stove
Refrigerator
Dishwasher
Range hood
Microwave
Laundry & utility
Washer and dryer in multiple units
Flooring
Hardwood floors
Heating & cooling
Natural gas heating
Central air conditioning in at least one unit
Exterior features
Fenced lot
Neighborhood features include park access, curbs, sidewalks, street lights, and paved streets
Home design
Two- to four-unit building
Fee simple ownership
Building rehabilitated in 2000
Over 100 years old
Not converted
Parking
Parking information not provided
Security
Security deposit listed as $0 for one unit (tenant information)
Construction
Brick construction
Utilities
Water source: Lake Michigan
Public sewer
HOA & community
No special service area
Financial info
Gross rental income reported as $7,600
Building contains 4 units
Unit rents reported: $1,700; $1,950; $1,950; $2,000
Tenants pay electric, gas, and heat for each unit
Lease expirations range mid-2026 to mid-2027
Other
Water/sewer expense: $98
Trash expense: $38
Insurance expense: $2,480
Possession at closing subject to tenants' rights
Electricity and solar
View estimated energy costs and solar savings for this home
Residential Two-Flat, Townhouse and Multi-Unit District
The primary purpose of the RT districts is to accommodate detached houses, two-flats, townhouses and low-density, multi-unit residential buildings at a density and building scale that is compatible with RS districts. The districts are intended to be applied in areas characterized by a mix of housing types. The districts are also intended to provide a gradual transition between RS districts and higher density RM districts. The RT districts are differentiated primarily on the basis of allowed density (minimum lot area per unit) and floor area ratios.
Permitted uses
Include but are not limited to:
Religious facility
Day care facility
Hospital / medical center
Housing-Group
Housing-Multiple units
Housing-Senior
Infrastructure
Bed & breakfast
Office
Public service
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 99° expected this year, 13 days in 30 years
2/10 Wind Factor
0% chance of strong winds in next 30 years
4/10 Air Factor
5 unhealthy days expected this year, 7 days in 30 years
Provided by First Street
Historical weather
Chicago, IL • 60607
Average low and high temperatures (°F)
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81
68
79
64
68
53
52
40
38
24
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Feb
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Sun exposure
67/ 100
Moderate sunlight
Sunscore
This home receives average direct sun exposure in Chicago. There appears to be some shading by surrounding buildings, terrain, and vegetation.
6.9 hrs
4.4 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 708 S Ada St
$1,075,982
$23K under list price of $1.10M
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $700K to $1.3M.