REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,825,000
Est. payment | /mo
$ 1,825,000
Est. payment | /mo
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12477829
Maintenance Fees $1,910
Year Built 1894
Annual Tax Amount $26,714
Tax Year 2023
Lot Dimensions 2,927
Property Sub-Type Multi Family 5+
Property Description
Triton is pleased to offer for sale 1947 W. Chicago Ave., a six (6) unit mixed-use investment property located in the heart of Chicago's desirable West Town neighborhood. This offering presents an investor the opportunity to acquire a renovated, stabilized asset with an attractive and diversified income stream. The building features five (5) apartments and one (1) ground floor retail space. The retail space is currently leased to the West Town Chicago Chamber of Commerce through Feb 2029 and houses local small businesses, providing immediate and stable cash flow.. The current vendor is Marci Maxine Vintage + Art Studio. The apartment unit mix has four (4) 1-bedroom / 1-bath apartments and one (1) 3-bedroom / 2-bath penthouse apartment. Each unit features separate tenant paid electric, HVAC, in-unit washer and dryer and well laid out floor plans. 1947 W. Chicago sits a vibrant prime West Town location, a neighborhood known as a cultural hub with premier shopping and dining options. The Neighborhood's diverse history, brought by the various sub neighborhoods it encompasses (including East Village, Ukrainian Village, and Wicker Park, among others), has contributed to its unique character. The property is ideally positioned directly on bustling Chicago Avenue with cross street Damen Avenue, providing excellent visibility and foot traffic for the retail tenant, and offering residents convenient access to all the neighborhood has to offer. The location also benefits from close proximity to public transportation, offering seamless connectivity throughout Chicago. An investor has the opportunity to acquire a renovated asset with rental upside in existing condition. While the property currently provides a stable income, there is potential to increase rents on the residential units through cosmetic renovations. The desirable location and evolving neighborhood dynamics provide a strong foundation for future rental growth and capital appreciation.
Location
State IL
County Cook
Area Chi - West Town
Zoning COMMR
Interior
Cooling Central Air, Central Individual
Fireplace N
Building
Dwelling Type Multi Family 5+
Structure Type Brick
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Harrison Cohen of Triton Realty Group LLC
GET MORE INFORMATION
Michael Bempah
Broker | License ID: 475.175881
Quick Search
- Homes For Sale in Shorewood, IL
- Homes For Sale in Joliet, IL
- Homes For Sale in Plainfield, IL
- Homes For Sale in Crest Hill, IL
- Homes For Sale in Romeoville, IL
- Homes For Sale in Channahon, IL
- Homes for Sale in Minooka, IL
- Homes For Sale in Naperville, IL
- Homes For Sale in Bolingbrook, IL
- Homes For Sale in Rockdale, IL
- Homes For Sale in Crystal Lawns, IL
- Homes For Sale in Lockport, IL
- Homes For Sale in Elwood, IL
- Homes For Sale in New Lenox, IL
- Homes For Sale in Homer Glen, IL
- Homes For Sale in Morris, IL
- Homes For Sale in Coal City, IL
- Homes For Sale in Manhattan, IL
- Homes For Sale in Mokena, IL
- Homes For Sale in Frankfort, IL
- Homes For Sale in Orland Park, IL