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    14 S Leavitt St Chicago, IL 60612

    For Sale
    $1,850,000

    Commercial Sale - Chicago, IL

    Property size:
    8,000 SF
    Lot size:
    0.07 Acres
    Days on Market:
    25
    Last Refresh:
    Dec 14 at 8:06 pm

    Property Features for 14 S Leavitt St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    MULTI
    APN
    17181010930000
    Size
    8,000 SF
    Lot size
    0.07 Acres

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    2004
    Number of units
    7
    Architectural style
    Other

    Keller Williams Chicago ONEChicago (312) 216-2422 [email protected]

    Listing agent Kevin Hinton (312) 216-2422 License #475170825

    Listing date Nov 20, 2025

    MLS# 12470440 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Near West Side Apartment Building

    This 7-unit apartment building, originally constructed as condos in 2004, presents a real estate investment opportunity in a prime location on the Near West Side of Chicago. The solid brick and block construction building includes elevator service to all floors. It features six 2-bedroom, 2-bathroom units, and one storefront (or 7th apartment). The 7th unit has a separate entrance from the sidewalk, making it suitable for a small business office space or short-term rental. There are also six attached garage spaces. The property is located within walking distance of the United Center Arena, Madison St bus lines, Illinois Medical District, and expressways. The location provides convenient access to amenities, entertainment, and transportation. The 8,000 square foot property is situated on a 0.07-acre lot. Rents are below market, offering the potential to increase cash flow and property value with new leases. The property is zoned MULTI. The building was intended for use as condos.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    14 S Leavitt ... Association Or Organization Chicago United Med ... Medical Supply Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6818922
    Latitude
    41.8807224

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    FAQs

    What type of property is this?
    Apartment building - Seven-unit building near United Center with income growth potential.
    Where is this apartment building located?
    The property is located at 14 S Leavitt St Chicago, IL.
    What is the asking price?
    The asking price for this property is $1,850,000.
    What are key features of this property?
    This property features: - Significant rental upside potential with rents currently below market, projecting a NOI of $143,006 and a 7.7% CAP rate with new leases.; - Prime location on Chicago's Near West Side, walking distance to the United Center, Madison St bus lines, Illinois Medical District, and expressways.; - Newer construction (2004) 7-unit building originally built as condos, featuring solid brick and block construction.
    (312) 216-2422
    Request Owner's contact information
    14 S Leavitt St Chicago, IL 60612
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    Chicago, IL 60612
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    14 S Leavitt St Chicago, IL 60612
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