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About the Listing 15629 - 886211,886211
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.
Listing Highlights
Status
Pending
Days on Site
154
Property Type
Multi-Family
MLS ®
12427423
Year Built
1874
Total Square Footage
0
Lot/Acreage
2550
Interior Details
- Bedrooms: 19
- Bathrooms: 11 Full
- Appliances:
- Air Cond:
- Heating: Natural Gas
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Partially Finished,Partial
- Other:
- Water: Public
Exterior Details
- Garage Capacity: N/A
- Parking Spaces: 0
- Lot Dimensions: 2550
- Zoning: MULTI
- Roof:
- Others:
- Sewer: Public Sewer
Financial Details
- Tax Amount: $21,515
- Taxes w/Assessments: N/A
- Tax/Property ID: 17042000130000
- Tax Year: 2023
Payment Calculator
Monthly Payment
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Questions About..
1509 N Sedgwick St Chicago, IL 60610
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