MLS #MRD12682951 image #0MLS #MRD12682951 image #1MLS #MRD12682951 image #2MLS #MRD12682951 image #3MLS #MRD12682951 image #4MLS #MRD12682951 image #5MLS #MRD12682951 image #6MLS #MRD12682951 image #7MLS #MRD12682951 image #8
CRER is proud to exclusively present 1246 N Artesian Ave, a fully gut-renovated 8-unit multifamily asset located in the heart of Chicago’s premier West Town neighborhood. This turnkey building features a highly desirable unit mix of predominantly 2-bedroom apartments, each outfitted with modern finishes, updated layouts, and secure digital entry systems, all set on a quiet, tree-lined street. The property has undergone a comprehensive, top-to-bottom renovation, delivering a truly stabilized asset with immediate in-place cash flow and minimal capital expenditure requirements. Investors benefit from a low-maintenance building with strong operating fundamentals and long-term durability. Strategically positioned just off the bustling Division Street corridor, the asset is surrounded by some of the city’s best dining, nightlife, and boutique retail, while offering seamless access to public transportation. This prime location continues to drive consistent tenant demand and strong rental performance. Opportunities to acquire a fully renovated, income-producing asset of this caliber in West Town are exceedingly rare. 1246 N Artesian Ave offers investors a compelling blend of stability, location, and long-term upside in one of Chicago’s most sought-after rental markets.

Property Details

Price:
$2,610,000
MLS #:
MRD12682951
Status:
Active
Beds:
3
Baths:
2
Type:
Commercial
Neighborhood:
chiwesttown
Listed Date:
Jun 22, 2026
Year Built:
1889
Chi – West TownChiwesttown

Schools

Interior

Exterior

Stories
3

Financial

Maintenance Fee
$2,000
Net Operating Income
$161,927
Tax Year
2025
Taxes
$21,850

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Mike Gonet was born, raised, and raised his family in the Putnam County Area. He has successfully run a family-owned real estate business for over 40 years with Gonet Real Estate & Land Co. He has extensive experience (and thoroughly enjoys) selling vacant land, farm ground, and commercial properties. When Mike has free time, he enjoys spending it with his 4 adult children and many grandkids by watching baseball and college basketball and playing golf. His experience and expertise in real estat…

More About Michael
1246 N Artesian Avenue
Chicago, IL

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