2641 W Thomas St Chicago, IL 60622
Humboldt Park NeighborhoodEstimated payment $5,459/month
Total Views
608
6
Beds
3
Baths
--
Sq Ft
--
Price per Sq Ft
Highlights
- Traditional Architecture
- Forced Air Heating System
- 1-minute walk to SinoJ Park
About This Home
Classic Brick 3-Flat in East Humboldt Park - Solid Income, Strategic Updates, and Expansion Potential Beautiful turn-of-the-century Victorian 3-flat located just south of Division Street in East Humboldt Park. This legal 3-unit brick walk-up combines vintage charm, key system upgrades, and strong long-term potential-perfect for investors, developers, or owner-occupants looking to add value or convert under RT-4 zoning. Each of the three units offers 2 bedrooms and 1 bathroom, high 10 ft. ceilings, hardwood floors, and central heat. The top-floor unit has been thoughtfully renovated with updated kitchen and bath, new drywall, central AC, in-unit laundry, and refreshed finishes. Unit 2 was improved with new appliances, updated mechanicals, and cosmetic upgrades. Unit 1 retains its original finishes and offers clear value-add potential. Major building improvements include new rear porches (engineered to support an additional floor and roof deck), roof reseal, upgraded 200-amp electrical service, new front and rear windows and doors, new furnaces in all units, and a restored front entry and interior staircase. A brand new 3-car parking pad is being added, offering off-street parking and increasing rental desirability and convenience. Current annual rental income is $60,660 across staggered leases, with room for upside through rent adjustments and further renovations. Full unfinished basement offers storage or expansion potential. The deep 3,125 sq ft RT-4 lot with large backyard allows room for a garage or ADU addition (buyer to confirm with City of Chicago). Located on a quiet tree-lined street near Humboldt Park, Wicker Park, Bucktown, the 606 Trail, Blue Line CTA, Metra, Mariano's, and Division Street retail. A prime West Town location with strong rental demand and long-term value growth.
Listing Agent
Keller Williams Premiere Properties License #475193682 Listed on: 07/08/2025
Open House Schedule
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Saturday, July 19, 202510:00 am to 12:00 pm7/19/2025 10:00:00 AM +00:007/19/2025 12:00:00 PM +00:00Add to Calendar
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Sunday, July 20, 202512:00 am to 2:00 pm7/20/2025 12:00:00 AM +00:007/20/2025 2:00:00 PM +00:00Add to Calendar
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,220
Parking
- 3 Parking Spaces
Home Design
- Traditional Architecture
- Flat Roof Shape
- Brick Exterior Construction
- Stone Foundation
Bedrooms and Bathrooms
- 6 Bedrooms
- 6 Potential Bedrooms
- 3 Bathrooms
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- Lake Michigan Water
Additional Features
- Basement Fills Entire Space Under The House
- Lot Dimensions are 25x125
Community Details
Overview
- 3 Units
Building Details
- Electric Expense $372
- Insurance Expense $3,000
- Maintenance Expense $1,246
- Water Sewer Expense $820
- Gross Income $60,660
- Net Operating Income $42,169
Map
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/08/2025 07/08/25 | For Sale | $819,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Similar Homes in Chicago, IL
Source: Midwest Real Estate Data (MRED)
MLS Number: 12400444
APN: 16014090070000
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