BEDS0
BATHS
MLS#12711342
STATUSNew
PROPERTY TYPEMulti Unit - Multiple
Property Description
1421 W Chicago is a boutique seven-unit turn key mixed-use apartment building anchored by a new well-established restaurant, Gilda in the heart of West Town. The property presents a rare opportunity to acquire a stabilized fully renovated asset with diversified income, strong in-place tenancy, and long-term upside in a premier corridor location. Positioned directly along Chicago Avenue, the building benefits from exceptional visibility and immediate access to some of the neighborhood's most sought-after dining, retail, and entertainment destinations, while remaining surrounded by the residential character and walkability that continues to drive demand throughout West Town/Noble Square. The residential component features seven thoughtfully designed apartment layouts with modern finishes and efficient floor plans that appeal to today's renters. All units have washer and dryer in unit, stainless steel appliances and varying degrees of finish packages. Combined with the strength of the ground-floor commercial tenancy and all of the larger infrastructure upgrades , the asset offers investors a compelling blend of stable cash flow and future appreciation potential in one of Chicago's most supply-constrained rental markets.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air
Lot Size: 0.07 Acres
Stories: 4.0
Taxes: $31,516
Year Built: 1950
Feature Descriptions
Exterior: Brick
HVAC: Central Heat/Indiv Controls, Gas
Lot Dimensions: 25x124
Parcel#: 17081020070000
Units: 8
Listed By / Shown By
Listed By
Agency Name: Compass
Agency Phone: 312-319-1168
Shown By
Agent Name: Brad Carlson
Agent Phone: (815) 871-6333
Agency Title: Gambino Realtors
Estimate Your Payment
Estimated Payment
$ 17,104.10 per month $13,604.22 Principal & Interest $2,626.33 Property Tax $873.54 Homeowner's InsuranceChange Payment Information
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1421 W Chicago Avenue | MLS# 12711342
This multi-family property located at 1421 W Chicago Avenue , Chicago, IL 60642 is currently listed for sale with an asking price of $2,995,000. Search Chicago real estate on bcarlson.gogambino.com today.