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Listed by Tyler Weekesof Star Realty & Management
$ 2,395,000
Est. payment | /mo
19 Beds
$ 2,395,000
Est. payment | /mo
19 Beds
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12427423
Bedrooms 19
Year Built 1874
Annual Tax Amount $21,515
Tax Year 2023
Lot Dimensions 2550
Property Sub-Type Two to Four Units
Property Description
Incredible investment opportunity in the heart of Old Town, just steps from the vibrant bars, restaurants, and shops of Wells Street. This oversized 3-flat spans over 7,000 square feet across five levels, offering exceptionally large units and tremendous income potential. The property features three expansive apartments: an 8-bedroom, 7-bedroom, and 4-bedroom unit-perfect for an Airbnb operator or savvy investor. Currently, two units are leased as long-term rentals, while the 8-bedroom unit operates as a highly successful short-term rental, generating nearly $180K in annual gross revenue. Fully gut-renovated in 2018 with all new systems, finishes, and mechanicals, this turnkey building requires no updates and is ready for continued operation. Whether you're looking to maximize income through short-term rentals or secure long-term tenants, this property offers unmatched flexibility and cash flow in one of Chicago's most desirable neighborhoods.
Location
State IL
County Cook
Zoning MULTI
Rooms
Basement Partially Finished, Partial
Interior
Heating Natural Gas
Fireplace N
Exterior
View Y/N true
Building
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Structure Type Masonite
New Construction false
Schools
School District 299, 299, 299
Others
Ownership Fee Simple
Special Listing Condition List Broker Must Accompany
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676 N Michigan Ave. Ste 3010, Chicago, IL, 60611, United States