949 N Damen Ave Chicago, IL 60622
East Village NeighborhoodEstimated payment $10,888/month
About This Home
The ultimate investment opportunity awaits! This rare multi-unit compound offers two buildings for the price of one in a premier Chicago location-perfect for savvy investors or owner-occupants looking to maximize returns. Anchored by a stately 4-unit Greystone and complemented by a separate 2-unit coach house, the property features 13 bedrooms and 6 bathrooms across spacious, well-maintained layouts. Each unit blends modern comfort with timeless character, boasting hardwood floors, in-unit laundry, central air, and private decks. Outdoor living shines with a peaceful patio and koi fishpond, creating a true urban oasis. Located just steps from Chicago's best dining, shopping, nightlife, and transit, this property is unmatched in potential and location. With current rents well below market, there's immediate value-add upside-don't miss this rare opportunity to own one of the city's most versatile and income-generating properties. Schedule your private showing today!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $20,376
Year Built
- Built in 1890
Lot Details
- 3,150 Sq Ft Lot
- Lot Dimensions are 25x126
Home Design
- Brick Exterior Construction
Interior Spaces
- 4,134 Sq Ft Home
- 3-Story Property
Utilities
- Forced Air Heating and Cooling System
- Window Unit Cooling System
- Heating System Uses Gas
Community Details
Overview
- 6 Units
Building Details
- Electric Expense $1,180
- Insurance Expense $4,720
- Maintenance Expense $5,000
- Trash Expense $1,180
- Water Sewer Expense $3,420
- Operating Expense $25,479
- Gross Income $114,000
- Net Operating Income $88,521
Map
Home Values in the Area
Average Home Value in this Area
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
06/02/2025 06/02/25 | Price Changed | $1,724,900 | 0.0% | $417 / Sq Ft |
03/27/2025 03/27/25 | For Sale | $1,725,000 | -- | $417 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12218309

APN: 17064210040000
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