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Michael Kang

michael@spacematchinc.com +1(773) 344-0738

Listed by Niko Apostalof Essex 312, LLC

$ 900,000

Est. payment | -/mo

4 Beds

2,613 Sqft Lot

Save

$ 900,000

Est. payment | -/mo

Save

4 Beds

2,613 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID 12761589

Style Other

Bedrooms 4

Year Built 1880

Annual Tax Amount $18,752

Tax Year 2025

Lot Size 2,613 Sqft

Lot Dimensions 25x109

Property Sub-Type Two to Four Units

Property Description

2418 N Western Avenue is a well-configured four-unit property located in the heart of Bucktown. The property features three units in the front building plus a detached coach house in the rear, offering four separate 1-bedroom/1-bathroom units. Each unit is separately equipped with its own HVAC system, hot water tank, and electric panel. The property also features common-area laundry located in the basement of the rear coach house, along with one exterior parking space accessible from the alley. Rents are currently below market, providing meaningful upside for a new owner. The four units currently generate an average rent of $1,756 per month compared to an estimated market average of $2,300 per month. Unit 2F is currently in the process of moving out, creating an opportunity for an owner-occupant or investor seeking flexibility. Ideally situated at the convergence of Bucktown, Logan Square, and West Lakeview, 2418 N Western Avenue offers convenient access to the Western Blue Line station, expressway, and multiple bus routes. The property combines strong neighborhood connectivity with immediate rental upside and a flexible four-unit configuration.

Location

State IL

County Cook

Community Curbs, Sidewalks, Street Lights, Street Paved

Zoning MULTI

Rooms

Basement Unfinished, Full

Interior

Heating Natural Gas, Forced Air

Fireplace N

Exterior

View Y/N true

Roof Type Asphalt

Building

Foundation Brick/Mortar, Concrete Perimeter, Stone

Sewer Public Sewer

Water Lake Michigan, Public

Structure Type Brick

New Construction false

Schools

Elementary Schools Goethe Elementary School

Middle Schools Clemente Community Academy Senio

High Schools Clemente Community Academy Senio

School District 299, 299, 299

Others

Ownership Fee Simple

Special Listing Condition Standard

2418 N Western AVE Chicago, IL 60647

Michael Kang

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOLS & PROPERTIES

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2418 N Western AVE