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    1508 N Artesian Ave Chicago, IL 60622

    Under Contract
    For Sale
    $900,000

    Residential Income, Greystone - Chicago, IL

    Days on Market:
    13
    Last Refresh:
    Dec 13 at 4:06 am

    Property Features for 1508 N Artesian Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active Under Contract
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    8
    APN
    16012060400000

    Utilities

    Heating system
    Forced Air, Natural Gas, Space Heater

    Building Details

    Year built
    1888
    Roof type
    Flat
    Architectural style
    Other

    eXp Realty, LLC (888) 574-9405 [email protected]

    Listing agent Edgar Zelaya (888) 574-9405 License #475159638

    Listing date Dec 1, 2025

    MLS# 12520143 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

    Income-Producing 4-Unit Near Wicker Park

    Located in the East Humboldt Park / West Town corridor, steps from Wicker Park, this income-producing 4-unit property offers a mix of updated apartments and future upside. Approximately three of the units have been cosmetically improved with modern kitchens featuring quartz countertops and stainless steel appliances, refreshed baths, updated flooring, and clean, neutral finishes. The property presents a value-add opportunity for investors and house hackers, as the front first-floor unit has the potential to duplex down into the basement. Structural groundwork, including new concrete, drain tiles, and underground plumbing, has been completed, setting the stage for a spacious expanded unit that can increase rental income or serve as an owner's unit. Additional features include separate utilities for all units and basement laundry. The location experiences high rental demand and appreciation, surrounded by Wicker Park, West Town, and Logan Square. The property is being sold AS IS.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store 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
    -87.6887745
    Latitude
    41.9088023

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    FAQs

    What type of property is this?
    Quadplex - Updated 4-unit property with income potential near Wicker Park.
    Where is this quadplex located?
    The property is located at 1508 N Artesian Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $900,000.
    What are key features of this property?
    This property features: - Income-producing 4-unit property in the East Humboldt Park / West Town corridor, steps from Wicker Park.; - **Value-add opportunity to duplex down the front first-floor unit into the basement**, with structural groundwork already completed.; - Three of the four units are cosmetically updated with modern kitchens, quartz countertops, stainless steel appliances, refreshed baths, and updated flooring.
    (888) 574-9405
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    Chicago, IL 60622
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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
    1508 N Artesian Ave Chicago, IL 60622
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