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$2,495,000

Est. payment - /mo

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19 Beds

11 Baths

New

1509 N Sedgwick ST Chicago, IL 60610

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Maureen Boyle

maureenboyle@epique.me +1(262) 716-3641

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Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12427423

Bedrooms 19

Year Built 1874

Annual Tax Amount $21,515

Tax Year 2023

Lot Dimensions 2550

Property Sub-Type Two to Four Units

Property Description

Incredible investment opportunity in the heart of Old Town, just steps from the vibrant bars, restaurants, and shops of Wells Street. This oversized 3-flat spans over 7,000 square feet across five levels, offering exceptionally large units and tremendous income potential. The property features three expansive apartments: an 8-bedroom, 7-bedroom, and 4-bedroom unit-perfect for an Airbnb operator or savvy investor. Currently, two units are leased as long-term rentals, while the 8-bedroom unit operates as a highly successful short-term rental, generating nearly $180K in annual gross revenue. Fully gut-renovated in 2018 with all new systems, finishes, and mechanicals, this turnkey building requires no updates and is ready for continued operation. Whether you're looking to maximize income through short-term rentals or secure long-term tenants, this property offers unmatched flexibility and cash flow in one of Chicago's most desirable neighborhoods.

Location

State IL

County Cook

Area Chi - Near North Side

Zoning MULTI

Rooms

Basement Partially Finished, Partial

Interior

Heating Natural Gas

Fireplace N

Building

Dwelling Type Two to Four Units

Building Description Masonite, No

Sewer Public Sewer

Water Public

Structure Type Masonite

New Construction false

Schools

School District 299 , 299, 299

Others

Ownership Fee Simple

Special Listing Condition List Broker Must Accompany

Listed by Tyler Weekes • Star Realty & Management