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$ 2,350,000
Est. payment | /mo
19 Beds
11 Baths
$ 2,350,000
Est. payment | /mo
19 Beds
11 Baths
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Pending
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
Area Chi - Near North Side
Zoning MULTI
Rooms
Basement Partially Finished, Partial
Interior
Heating Natural Gas
Fireplace N
Building
Dwelling Type Two to Four Units
Building Description Masonite, No
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
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Tyler Weekes of Star Realty & Management
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