$900,000
SOLD JAN 30, 2026
9 Beds
8 Baths
-- Sq Ft
1926 Built

Recently Sold

3% Above List Price

3 Days on Market

About This Home

As of January 2026

Introducing a prime investment opportunity in the heart of Arcadia Terrace/Lincoln Square corridor, 5526 N. Artesian Ave. This meticulously maintained 3,600 SF building, constructed in 1926 and elegantly renovated in 2020, features three fully leased units, achieving 100% occupancy. The property offers significant opportunity for increased rental-income, as the garden unit is roughed-in for plumbing and electrical and provides ample ceiling height. With its classic charm and modern updates, this property offers a seamless investment prospect for multifamily and low-rise/garden investors. The building's impeccable condition, prime location, and strong rental history present a compelling opportunity for those seeking a turnkey investment in a desirable North Side Chicago market. Don't miss the chance to add this impressive property to your portfolio.

Last Agent to Sell the Property

Jack Doyle

Essex 312, LLC License #475190497 Listed on: 12/01/2025

Co-Listed By

Niko Apostal

Essex 312, LLC License #471017557

Last Buyer's Agent

Barbara O'Connor

Baird & Warner License #471016838

Baird & Warner

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,135

Year Built

  • Built in 1926 | Remodeled in 2020

Lot Details

  • Lot Dimensions are 33 x 125

Parking

  • 3 Car Detached Garage
  • Parking Available

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 9 Potential Bedrooms
  • 8 Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Stubbed For A Bathroom

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Listing and Financial Details

  • Homeowner Tax Exemptions

Community Details

Overview

  • 3 Units

Building Details

  • Gross Income $67,200
  • Net Operating Income $44,283

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,135

Year Built

Built in 1926 | Remodeled in 2020

Lot Details

0 Sq Ft Lot

Parking

3

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1926
  • Age: 91-100 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus,Commuter Train,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2020
  • Actual Status: Closed
  • SomePhotosVirtuallyStaged: No
  • MRD_WaterViewYN: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2020

Interior Features

  • Basement: Bath/Stubbed, Full
  • Total Bathrooms: 8
  • Total Bedrooms: 9
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dishwasher,Microwave
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dishwasher,Microwave
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dishwasher,Microwave

Exterior Features

  • Construction Materials: Brick
  • Waterfront: No

Garage/Parking

  • Garage Spaces: 3
  • Parking Features: Yes, Detached, Garage
  • ParkingTotal: 3

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Lake Michigan

Lot Info

  • Lot Dimensions: 33 x 125
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8

Multi Family

  • Net Operating Income: 44283
  • GrossIncome: 67200
  • Units in Building: 3
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 3 Flat

Tax Info

  • Tax Annual Amount: 13135.05
  • Tax Year: 2024
  • Tax Exemptions: Homeowner
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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 List to Sale Price per Sq Ft
01/30/2026 01/30/26 Sold $900,000 +2.9% --
12/04/2025 12/04/25 Pending -- -- --
12/01/2025 12/01/25 For Sale $875,000 -- --
Source: Midwest Real Estate Data (MRED)

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
2025 $13,859 $68,673 $16,163 $52,510
2024 $13,859 $71,858 $16,163 $55,695
2023 $13,488 $72,185 $13,094 $59,091
2022 $13,488 $72,185 $13,094 $59,091
2021 $13,205 $68,999 $13,094 $55,905
2020 $8,753 $42,394 $7,774 $34,620
2019 $9,679 $48,175 $7,774 $40,401
2018 $9,516 $48,175 $7,774 $40,401
2017 $9,040 $41,992 $6,956 $35,036
2016 $8,411 $41,992 $6,956 $35,036
2015 $7,695 $41,992 $6,956 $35,036
2014 $7,724 $41,632 $6,138 $35,494
2013 $7,572 $41,632 $6,138 $35,494
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12523701

Midwest Real Estate Data (MRED)
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