2137 W Chicago Ave Chicago, IL 60622
West Town NeighborhoodEstimated payment $7,131/month
Highlights
- Patio
- Forced Air Heating System
- Baseboard Heating
- Mitchell Elementary School Rated 9+
- Ceiling Fan
- 2-minute walk to Superior Park
About This Home
Outstanding 4-Unit Investment in Prime Ukrainian Village. Incredible opportunity to own a well-maintained, mixed-use 4-unit building in the heart of Ukrainian Village, featuring a fully detached coach house and approximately 4,924 sq. ft. of livable space. The property includes three residential units and a commercial storefront currently owner-occupied. This classic brick building showcases vintage charm, hardwood floors, high ceilings, and excellent natural light throughout. The freestanding coach house in the rear adds valuable rental income or flexible usage options. A full unfinished basement provides ample storage or potential for future expansion. Current rents are below market due to long-term tenancy and owner occupancy, presenting significant upside potential for investors or owner-users. Ideally located on bustling Chicago Avenue, steps from popular restaurants, retail, and major transit lines. Zoned C1-2, offering ideal flexibility for live/work, investment, or redevelopment potential. Sold As-Is. Interior photos reflect past rental listings.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $15,305
Year Built
- Built in 1924
Home Design
- Brick Exterior Construction
- Brick Foundation
Interior Spaces
- Ceiling Fan
- Basement Fills Entire Space Under The House
- Carbon Monoxide Detectors
Bedrooms and Bathrooms
- 8 Bedrooms
- 8 Potential Bedrooms
- 13 Bathrooms
Utilities
- Forced Air Heating System
- Baseboard Heating
- Heating System Uses Natural Gas
- Heating System Uses Oil
- Lake Michigan Water
Additional Features
- Patio
- Lot Dimensions are 25x125
Community Details
Overview
- 4 Units
- Ukrainian Village Subdivision
Building Details
- Gross Income $49,140
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| 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 |
|---|---|---|---|---|
| 2024 | $15,305 | $123,000 | $21,635 | $101,365 |
| 2023 | $14,849 | $72,759 | $17,424 | $55,335 |
| 2022 | $14,849 | $72,759 | $17,424 | $55,335 |
| 2021 | $26,096 | $128,000 | $17,424 | $110,576 |
| 2020 | $13,573 | $61,207 | $9,873 | $51,334 |
| 2019 | $13,763 | $68,772 | $9,873 | $58,899 |
| 2018 | $13,553 | $68,772 | $9,873 | $58,899 |
| 2017 | $16,793 | $77,400 | $8,712 | $68,688 |
| 2016 | $15,819 | $77,400 | $8,712 | $68,688 |
| 2015 | $14,555 | $77,400 | $8,712 | $68,688 |
| 2014 | $12,592 | $66,288 | $7,260 | $59,028 |
| 2013 | $12,374 | $66,288 | $7,260 | $59,028 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/30/2025 07/30/25 | For Sale | $1,099,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Executors Deed | $145,000 | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Executors Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $250,000 | Commercial | |
| Closed | $190,000 | Credit Line Revolving | |
| Closed | $108,750 | Commercial |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12433866
APN: 17-07-102-009-0000
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