1246 N Artesian Ave Chicago, IL 60622
Wicker Park NeighborhoodEstimated payment $16,195/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 |
|---|---|---|---|---|---|
| 07/16/2026 07/16/26 | Price Changed | $2,610,000 | -3.3% | -- | |
| 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 | -- | -- |
Purchase 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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $2,090,000 | Chicago Title | |
| Interfamily Deed Transfer | -- | None Available | |
| Warranty Deed | $840,000 | First American Title | |
| Trustee Deed | $525,000 | None Available |
Mortgage 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 | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,567,500 | Commercial | |
| Closed | $834,000 | Construction | |
| Previous Owner | $380,000 | Commercial |
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
- 1312 N Artesian Ave Unit 1R
- 1312 N Artesian Ave Unit 3R
- 2505 W Potomac Ave Unit 1W
- 1242 N Maplewood Ave Unit 2S
- 1247 N Rockwell St Unit 1
- 1257 N Rockwell St
- 1355 N Western Ave Unit 2B
- 1355 N Western Ave Unit 3A
- 2501 W Haddon Ave Unit 102
- 2534 W Haddon Ave
- 1403 N Rockwell St Unit 3
- 2623 W Evergreen Ave Unit 3E
- 1430 N Maplewood Ave Unit 402
- 2307 W Haddon Ave Unit A
- 2611 W Haddon Ave Unit 2
- 2418 W Cortez St Unit 2
- 2621 W Haddon Ave
- 2645 W Haddon Ave Unit 1
- 2645 W Haddon Ave Unit 2
- 2314 W Cortez St Unit 23141
- 1238 N Artesian Ave Unit 2
- 1245 N Campbell Ave Unit 2
- 2525 W Division St Unit 2
- 1401 N Artesian Ave Unit 1
- 1139 N Western Ave Unit 3
- 1415 N Campbell Ave Unit 1
- 1416 N Maplewood Ave Unit 3
- 1301 N Oakley Blvd Unit 2B
- 2608 W Haddon Ave Unit 2R
- 2630 W Division St Unit 2R
- 1444 N Campbell Ave Unit 1
- 1430 N Maplewood Ave Unit 102G
- 1450 N Campbell Ave Unit 3R
- 1348 N Bell Ave Unit 2F
- 2524 W Cortez St Unit BF
- 2524 W Cortez St Unit BR
- 2524 W Cortez St Unit BF
- 1307 N Bell Ave Unit SI ID1244933P
- 1500 N Western Ave Unit 2R
- 2633 W Haddon Ave Unit 3R
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