1640 N Talman Ave Chicago, IL 60647
Humboldt Park NeighborhoodEstimated payment $8,587/month
Highlights
- Forced Air Heating System
- Paved or Partially Paved Lot
- 4-minute walk to Maplewood Park
About This Home
Incredible opportunity to own a fully rebuilt 4-unit building bordering Chicago's West Town and Humboldt Park just one block from the 606 Trail. Perfect for an owner-occupant or investor, this 2021 complete gut renovation with new roof, gutters, drain tile waterproofing, all-new electrical, plumbing, HVAC, and luxury finishes throughout. Each of the four 2 bed, 2 bath units is equipped with in-unit laundry, stainless steel appliances, individual furnaces, hot water heaters, and central air. The two first-floor units are duplex-downs, while the upper floors are spacious simplexes. Tenants pay utilities: Gas & Electricity. A new concrete parking pad in the rear provides three parking spaces, along with brand-new steel and wood decking creating an inviting outdoor space for dining, relaxing, or entertaining. Just steps away, the 606 Trail offers a vibrant example of urban reuse-transforming an old rail line into an elevated green-way that connects several neighborhoods through miles of trails, parks, and public art, promoting a healthy, active lifestyle in the heart of the city. Enjoy strong rental income, low taxes, and low maintenance expenses in a high-demand location walking distance to the Blue Line and some of the city's best dining, shopping, and green space. Ideal for owner-occupants looking to leverage rental income from three additional units, or for investors seeking a property with a solid cap rate.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $13,984
Year Built
- Built in 1897 | Remodeled in 2021
Lot Details
- Lot Dimensions are 25x125
- Paved or Partially Paved Lot
- Level Lot
Home Design
- Asphalt Roof
- Concrete Perimeter Foundation
Interior Spaces
- Window Screens
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 8 Bedrooms
- 8 Potential Bedrooms
- 8 Bathrooms
Parking
- 3 Parking Spaces
- Alley Access
- Parking Included in Price
Schools
- Moos Elementary School
- Clemente Community Academy Senio Middle School
- Moos Elementary High School
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- Lake Michigan Water
Community Details
Overview
- 4 Units
Building Details
- Electric Expense $480
- Fuel Expense $480
- Insurance Expense $2,400
- Professional Management Expense $960
- Water Sewer Expense $2,000
- Gross Income $120,000
- Net Operating Income $95,688
Map
Home Values in the Area
Average Home Value in this Area
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
09/27/2025 09/27/25 | For Sale | $1,399,888 | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12482267

APN: 13364270220000
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