1509 W Thomas St Chicago, IL 60642
West Town NeighborhoodEstimated payment $11,145/month
About This Home
Incredibly Maintained Six Unit, Cash Flowing Property on a fantastic tree-lined street! Fully Rented out with excellent tenants. Classic Brick Building with beautiful architectural details. First and Second floors feature 4 - 1 Bedroom/1 Bath units w/ exposed brick and high ceilings. Kitchens boast ample cabinetry, lots of prep and dining space, and stainless steel appliances. Large Living Rooms, Nice sized Bedrooms and updated Bathrooms. Ceiling fans and climate control. Top Level feat. Two Spacious Duplex ups that play like a home! Main Floor have oversized kitchens, islands, lots of storage space, eat-in area, and large living rooms with tons of natural light. Full Bathrooms. The top floor of duplex feat. bedroom w/ large closets, and flex space ideal for fitness, office and more! Rear units w/ private back decks and stunning courtyard patio in front of building! Coin Operated laundry on 3rd floor dormer. The following updates have been made by the current owners: First floor furnaces ('22), First floor A/C front unit ('22), Second floor front unit furnace ('16), Second floor rear unit A/C ('23), Third floor front unit A/C ('20), All Hot Water Heaters replaced in '17, Flat Dormer of Roof ('22) and Pitched Roof ('13). All units have kitchen appliances replaced between 2017-2021, and Duplex Ups Dishwashers between 2020-2022. Gut Rehab between 1998-2000 - All new windows, electrical wiring, plumbing, central air. 220 line circuit breakers in each unit. Fantastic location close to Blue Line, Shopping, Restaurants, Parks and so much more. This is a phenomenal opportunity. HOME RUN!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $25,116
Year Built
- Built in 1891
Additional Features
- 3-Story Property
- Lot Dimensions are 125 x 25
- Forced Air Heating and Cooling System
Community Details
Overview
- 6 Units
Building Details
- Electric Expense $720
- Fuel Expense $1,560
- Insurance Expense $4,272
- Maintenance Expense $2,880
- Trash Expense $1,680
- Water Sewer Expense $1,440
- Operating Expense $37,668
- Gross Income $141,300
- Net Operating Income $103,632
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/23/2025 05/23/25 | Pending | -- | -- | -- |
| 04/18/2025 04/18/25 | For Sale | $1,699,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12341323
APN: 17053080250000
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