$1,175,000

Estimated payment $7,879/month

Total Views 271
-- Bed
-- Bath
3,600 Sq Ft
$326 Price per Sq Ft

About This Home

THEE Quintessential Turn Key Investment at 1542 West Chestnut Street, Chicago Illinois 60642! | Nestled between the Wicker Park & River West Neighborhoods | This Multi-Family Property within Two Well-Kept Buildings in HOT WEST TOWN has a Total of 5 Units designed with (3) Two Bedrooms / One Bathroom and (2) One Bedroom / One Bathroom Apartments with Hardwood Floored Living Areas and Carpeted Bedrooms | Each Apartment has Individual GFA Heating Systems | Commodious & Money Making Floor Plans | Roomy Private Decks/Space for each Apartment | Coin-Operated Common Area Laundry Facility | Tenants responsible for Gas (Heat & Cooking) & Electricity. LOW OPERATING EXPENSES | FULLY LEASED/Occupied with Solid Leases | Separate Water Heaters and GFA Heating Systems for Each Apartment | The Front Building's Apartments are equipped with Central A/C Units | Wall A/C Units provide ample cooling for the Coach House Residents | Well-Maintained & Professionally Self-Managed throughout its ownership.

Listing Agent

Arnell Cordero

Fulton Grace Realty License #475156122 Listed on: 08/20/2025

Fulton Grace Realty

Co-Listing Agent

Cirenia Zurawski

Fulton Grace Realty License #475185091

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,723

Year Built

  • Built in 1878

Home Design

  • Mixed Use
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,600 Sq Ft Home
  • 3-Story Property
  • Storage Room

Utilities

  • Forced Air Heating and Cooling System
  • Window Unit Cooling System
  • Floor Furnace
  • Heating System Uses Gas
  • 100 Amp Service
  • Cable TV Available

Additional Features

  • 3,200 Sq Ft Lot
  • Urban Location

Community Details

Overview

  • 5 Units

Building Details

  • Electric Expense $178
  • Fuel Expense $395
  • Insurance Expense $3,840
  • Maintenance Expense $4,633
  • Manager Expense $10,283
  • Trash Expense $3,186
  • Water Sewer Expense $2,231
  • Operating Expense $42,469
  • Gross Income $108,240
  • Net Operating Income $62,524

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,723

Year Built

Built in 1878

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Flats
  • Stories: 3
  • Year Built: 1878
  • Built Before 1978 (Y/N): Yes
  • Information: 24-Hr Notice Required,List Broker Must Accompany,48-Hr Notice Required,Other-See Remarks,No Sign on Property
  • Estimated Age: Older
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Unfinished, Crawl Space, Exterior Entry, Concrete
  • Possible Use: Multi-Family
  • Misc Inside: Storage Inside,Other
  • Fireplaces: 1
  • Drive-In Doors: 0
  • Dishwashers: 3
  • Refrigerators: 5
  • Ranges: 5
  • Number of Windows: 2
  • Number of Washers: 1
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • Construction Materials: Wood, Vinyl Siding
  • Foundation Details: Concrete Perimeter
  • Frontage Type: City Street
  • List Price: 1175000
  • Roof: Composition
  • Roof Structure: Gable,Truss,Wood Joists
  • Misc Outside: Balcony/ies,Courtyard,Patio

Utilities

  • Cooling: Central Air, Central Individual, Window Unit(s)
  • Electric: Circuit Breakers, Service - 101 to 200 Amps
  • Utilities: Sewer Connected, Cable Available
  • Water Source: Municipal Water
  • Heat/Ventilation: Central Heat/Indiv Controls,Forced Air,Gas,Individual Furnaces
  • Leased Washer Dryer YN: No

Condo/Co-op/Association

  • Manager Expense: 10283
  • Unincorporated (Y/N): No
  • Conversion YN: N
  • Owners Association (Y/N): No

Fee Information

  • Association Fee Includes: None
  • Trash Expense: 3186
  • Water Sewer Expenses: 2231
  • Janitor Expense: 0
  • Operating Expense Includes: Fuel,Insurance,Maintenance,Manager,Professional Management,Trash,Utilities,Water/Sewer,Electricity,Gas,Real Estate Tax

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 3200 sqft
  • Lot Size Sq Ft: 3200
  • Zoning: MULTI
  • Land Amenities: Curbs and Gutters,Sidewalks,Cable Ready

Rental Info

  • Tenant Pays: Air Conditioning, Electricity, Heat, Hot Water
  • Board Number: 8
  • Tenancy Type: Leases

Building Info

  • BuildingAreaTotal: 3600
  • Building Unit Info: No Units Furnished,Restriction-Pets,Smoke/Alarm Detector

Multi Family

  • Net Operating Income: 62524
  • Fuel Expense: 395
  • Insurance Expense: 3840
  • ElectricExpense: 178
  • GrossIncome: 108240
  • Maintenance Expense: 4633
  • NumberOfUnitsTotal: 5
  • OperatingExpense: 42469
  • Expense Year: 2025
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 17723.4
  • Tax Year: 2023

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/20/2025 08/20/25 For Sale $1,175,000 -- $326 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Similar Home in Chicago, IL

  • 3322 S Parnell Ave, Chicago, IL 60616

    $1,175,000

    • 2 Beds
    • 2 Baths
    • 3322 S Parnell Ave
    • Chicago, IL

    3328 s Parnell is an oversized Frame 2-Flat with walking distance to Guaranteed Rate Field and Armor Square Park. Each unit with 3 bedrooms and 1 bath with garage. Also the listing price include 2 vacant lots (3326 and 3322 S Parnell ) see map for details. Note: can buy the 2 units apartment separately or have to buy the 2 units apartment plus 2 vacant lots all together .

    Rowena Cheng Richland Global Inc

    Section Image

Source: Midwest Real Estate Data (MRED)

MLS Number: 12433504

Midwest Real Estate Data (MRED)

APN: 17053190570000