1116 W Addison St Chicago, IL 60613
Wrigleyville NeighborhoodEstimated payment $13,956/month
Total Views
4,399
7
Beds
7
Baths
--
Sq Ft
--
Price per Sq Ft
Highlights
- Gated Community
- 4-minute walk to Addison Station (Red Line)
- Forced Air Heating System
- Blaine Elementary School Rated A-
- Property is near a park
- 2-minute walk to Gallagher Way
About This Home
Prime Lakeview location just steps from iconic Wrigley Field! This beautifully renovated 3-flat offers a rare opportunity to own a turnkey, income-generating property in one of Chicago's most sought-after neighborhoods. Extensively rebuilt in 2020, the building features three spacious units with modern finishes and thoughtful design throughout. Each unit offers open layouts filled with natural light, tall ceilings, and new hardwood flooring (with carpet in the lower level of Unit 1). Kitchens have been fully updated with new appliances, abundant cabinetry, and built-in storage, while the bathrooms showcase stylish new tile, vanities, and fixtures. Custom touches like shiplap ceilings, updated lighting, and built-ins add charm and character. All units include in-unit laundry, large bedrooms, generous closets, and additional storage. The lower level features private storage rooms for each unit along with shared bike storage. Brand-new rear decks provide ample space for outdoor dining and entertaining, and the property offers three rows of tandem parking (six spaces total), giving each unit its own designated parking row. The building's exterior boasts classic brick and stonework with a fenced front yard for added appeal. This property has been impeccably maintained by the same owner since 1996 and has never experienced a vacancy outside of the renovation period. Located in the highly rated Blaine School District and within walking distance to Wrigley, the Southport Corridor, restaurants, nightlife, public transit, and countless neighborhood amenities, this is a rare and valuable investment in the heart of Lakeview.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $23,947
Year Built
- Built in 1996 | Remodeled in 2020
Lot Details
- Lot Dimensions are 25 x 125
- Paved or Partially Paved Lot
Home Design
- Brick Exterior Construction
Bedrooms and Bathrooms
- 7 Bedrooms
- 7 Potential Bedrooms
- 7 Bathrooms
- Dual Sinks
Parking
- 6 Parking Spaces
- Alley Access
- Off Alley Parking
Schools
- Blaine Elementary School
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- Lake Michigan Water
Additional Features
- Basement Fills Entire Space Under The House
- Property is near a park
Community Details
Building Details
- Insurance Expense $4,473
- Maintenance Expense $1,800
- Professional Management Expense $600
- Water Sewer Expense $1,080
- Gross Income $147,948
- Net Operating Income $116,048
Additional Features
- 3 Units
- Gated Community
Map
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/08/2025 08/08/25 | Pending | -- | -- | -- |
| 07/08/2025 07/08/25 | For Sale | $2,195,000 | 0.0% | -- |
| 06/01/2016 06/01/16 | Rented | $2,250 | 0.0% | -- |
| 04/20/2016 04/20/16 | For Rent | $2,250 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Similar Homes in Chicago, IL
Source: Midwest Real Estate Data (MRED)
MLS Number: 12408879
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