MLS #MRD12706870 image #0MLS #MRD12706870 image #1MLS #MRD12706870 image #2MLS #MRD12706870 image #3
Exceptional, fully leased legal 3-unit brick building in hot West Town near Fulton Market, situated on a peaceful, tree-lined block. Offers over 3,650 sq ft of above-grade living space plus an expansive finished basement. Perfect for turn-key investors or owner-occupants. Unit 1 is a massive 3BR/3BA duplex down. Units 2 & 3 feature identical, spacious 3BR/2BA layouts. All units boast in-unit W/D, sun-drenched living spaces, private rear decks, hardwood floors, updated kitchens/baths, fireplaces, plus recent furnaces, A/C units, and tankless water heaters. Secure perimeter fencing with electronic lock door. Fully leased with a strong day-one cash flow of almost $10k/month and stable leases at below-market rents. Massive upside to transition to market rates in 2027. Built in 1993, it features copper plumbing, high grade electrical systems, panels, and a modern architectural layout. Newer Roof (2022) Ultra-low owner overhead: tenants pay separate utilities via individual gas/electric meters and dedicated HVAC systems. Rear 3-car parking footprint offers prime value-add potential: monetize for monthly revenue with lease renewals, build a private 2-car garage, or construct a coach house/ADU for a lucrative fourth income stream (buyer to verify zoning/ADU compliance with the City). Unmatched location central to major upcoming neighborhood developments: Bally’s Casino (0.6mi), Fulton Market Expansion (0.5mi), $7B United Center Expansion (2mi), and Grand/Chicago Ave commercial upgrades (0.3mi). A commuter’s dream with effortless access to the city and suburbs: 5-min walk to CTA train, 2-min walk to bus, 0.4 mi to I-90, and 1.2 mi to I-290. Minutes from world-class Michelin-starred dining, trendy cocktail lounges, vibrant nightlife, and premier sports hubs. Walking distance to reputed Noble Charter Golder College Prep school.

Property Details

Price:
$1,499,000
MLS #:
MRD12706870
Status:
Active Under Contract
Beds:
9
Baths:
7
Type:
Multi Family
Neighborhood:
chiwesttown
Listed Date:
Jul 21, 2026
Year Built:
1993
Chi – West TownChiwesttown

Schools

School District:
299

Interior

Heating
Natural Gas, Forced Air

Exterior

Construction Materials
Brick, Block
Parking Features
Off Alley, Yes, Owned
Parking Spots
3
Parking Total
3
Patio And Porch Features
Deck
Roof
Asphalt

Financial

Tax Year
2024
Taxes
$21,965

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Beth is originally from Southern Illinois where she attended SIU-Carbondale and relocated to the area over 15 years ago. Her husband Mike grew up in Spring Valley, Illinois and they moved to Putnam County 7 years ago. Beth is passionate about real estate, and her love for “fixer-uppers” definitely came from her father. “I grew up hanging out at the local lumber yard that my father managed. I loved looking through blueprints and also tagging along with him to check on his rentals and inves…

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