1246 N Artesian Ave Chicago, IL 60622
Wicker Park NeighborhoodEstimated payment $16,376/month
About This Home
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
Home Type
- Multi-Family
Est. Annual Taxes
- $21,850
Year Built
- Built in 1889
Additional Features
- 3-Story Property
- Lot Dimensions are 25x126
- Central Heating
Community Details
Overview
- 8 Units
Building Details
- Electric Expense $2,596
- Fuel Expense $5,709
- Insurance Expense $7,698
- Maintenance Expense $2,000
- Other Expense $6,481
- Trash Expense $2,665
- Water Sewer Expense $2,593
- Operating Expense $54,092
- Gross Income $214,800
- Net Operating Income $161,927
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $14,503 | $195,000 | $17,640 | $177,360 |
| 2024 | $14,503 | $195,000 | $17,640 | $177,360 |
| 2023 | $14,096 | $68,534 | $14,175 | $54,359 |
| 2022 | $14,096 | $68,534 | $14,175 | $54,359 |
| 2021 | $13,782 | $68,534 | $14,175 | $54,359 |
| 2020 | $11,908 | $53,453 | $8,032 | $45,421 |
| 2019 | $12,849 | $63,954 | $8,032 | $55,922 |
| 2018 | $14,765 | $74,748 | $8,032 | $66,716 |
| 2017 | $10,416 | $48,386 | $7,087 | $41,299 |
| 2016 | $9,691 | $48,386 | $7,087 | $41,299 |
| 2015 | $8,867 | $48,386 | $7,087 | $41,299 |
| 2014 | $6,984 | $37,641 | $6,300 | $31,341 |
| 2013 | $6,846 | $37,641 | $6,300 | $31,341 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 06/22/2026 06/22/26 | For Sale | $2,700,000 | +29.2% | -- | |
| 09/09/2021 09/09/21 | Sold | $2,090,000 | -4.1% | $428 / Sq Ft | View Prior Sale |
| 06/25/2021 06/25/21 | Pending | -- | -- | -- | |
| 04/06/2021 04/06/21 | For Sale | $2,179,000 | +159.4% | $446 / Sq Ft | |
| 07/12/2016 07/12/16 | Sold | $840,000 | -6.6% | -- | View Prior Sale |
| 05/09/2016 05/09/16 | Pending | -- | -- | -- | |
| 02/01/2016 02/01/16 | For Sale | $899,000 | +71.2% | -- | |
| 11/16/2012 11/16/12 | Sold | $525,000 | -38.2% | -- | View Prior Sale |
| 08/06/2012 08/06/12 | Pending | -- | -- | -- | |
| 05/16/2012 05/16/12 | For Sale | $850,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12682951
APN: 16012280220000
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All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID
- 1229 N Campbell Ave Unit 2
- 1312 N Artesian Ave Unit 1R
- 2505 W Potomac Ave Unit 1W
- 1247 N Rockwell St Unit 1
- 1355 N Western Ave Unit 3D
- 1355 N Western Ave Unit 3A
- 1355 N Western Ave Unit 3C
- 2522 W Haddon Ave
- 1340 N Rockwell St
- 2416 W Thomas St Unit 2
- 2610 W Evergreen Ave Unit 2
- 2330 W Thomas St
- 1430 N Maplewood Ave Unit 402
- 2307 W Haddon Ave Unit A
- 2611 W Haddon Ave Unit 2
- 2621 W Haddon Ave
- 2645 W Haddon Ave Unit 1
- 2645 W Haddon Ave Unit 2
- 2651 W Haddon Ave Unit 2
- 1520 N Campbell Ave
- 1238 N Artesian Ave Unit 2
- 1309 N Campbell Ave Unit J08P
- 1319 N Campbell Ave Unit 1
- 1312 N Campbell Ave Unit 3
- 1336 N Artesian Ave Unit 2
- 1254 N Maplewood Ave Unit 2
- 1227 N Rockwell St Unit 2
- 1401 N Artesian Ave Unit 1
- 1309 N Rockwell St Unit 2
- 1311 N Rockwell St Unit 1309-2
- 1139 N Western Ave Unit 3
- 1316 N Rockwell St Unit 2
- 2446 W Thomas St Unit 1R
- 1416 N Maplewood Ave Unit 3
- 2608 W Haddon Ave
- 2608 W Haddon Ave
- 2425 W Thomas St Unit 1
- 1444 N Campbell Ave Unit 1A
- 1436 N Maplewood Ave Unit 1
- 1348 N Bell Ave Unit 2F
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