
1542 W Chestnut St Chicago, IL 60642
West Town NeighborhoodEstimated payment $7,879/month
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.
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
Map
Home Values in the Area
Average Home Value in this Area
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
08/20/2025 08/20/25 | For Sale | $1,175,000 | -- | $326 / Sq Ft |
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Source: Midwest Real Estate Data (MRED)
MLS Number: 12433504

APN: 17053190570000
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