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1509 W Thomas St Chicago, IL 60642

Pending
For Sale
$1,699,000

Commercial Sale - Chicago, IL

Days on Market:
202
Last Refresh:
Dec 12 at 1:06 pm

Property Features for 1509 W Thomas St

General Information

Property type
Commercial Sale
Property subtype
Other
Standard status
Pending
APN
17053080250000

Utilities

Cooling system
Central Air

Building Details

Year built
1891
Number of units
6
Architectural style
Other

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

Listing agent Erik Gimbel (888) 574-9405

Listing date May 25, 2025

MLS# 12341323 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

Chicago Six-Unit Cash Flowing Property

This incredibly maintained six-unit property is located on a fantastic tree-lined street. The classic brick building features beautiful architectural details. The first and second floors each contain 4 one-bedroom, one-bath units with exposed brick and high ceilings. Kitchens include ample cabinetry, prep and dining space, and stainless steel appliances. The units also feature large living rooms, nice-sized bedrooms, updated bathrooms, ceiling fans, and climate control. The top level features two spacious duplex units. The main floor has oversized kitchens, islands, lots of storage space, an eat-in area, and large living rooms with tons of natural light, as well as full bathrooms. The top floor of the duplex features a bedroom with large closets and flex space. Rear units include private back decks and a courtyard patio is located in front of the building. Coin-operated laundry is available on the third floor dormer. Updates made by the current owners include: first floor furnaces ('22), first floor A/C front unit ('22), second floor front unit furnace ('16), second floor rear unit A/C ('23), third floor front unit A/C ('20), all hot water heaters replaced in '17, flat dormer of roof ('22) and pitched roof ('13). All units have kitchen appliances replaced between 2017-2021, and duplex dishwashers between 2020-2022. A gut rehab was completed between 1998-2000 with all new windows, electrical wiring, plumbing, and central air. Each unit has 220 line circuit breakers. The property is located close to the Blue Line, shopping, restaurants and parks.
Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

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

Location Insight

  • Map
  • Local Demand
City
Chicago
County
Cook
State
Illinois
Longitude
-87.6653663
Latitude
41.9013068

FAQs

What type of property is this?
Apartment building - Incredibly maintained, fully rented six-unit property on a fantastic tree-lined street.
Where is this apartment building located?
The property is located at 1509 W Thomas St Chicago, IL.
What is the asking price?
The asking price for this property is $1,699,000.
What are key features of this property?
This property features: - Fully rented, cash-flowing six-unit property with excellent tenants.; - Recent updates include furnaces, A/C units, hot water heaters, and roof work, reducing potential maintenance costs.; - Prime location near Blue Line, shopping, restaurants, and parks.
More about this property
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