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    2420 N Kilbourn Ave Chicago, IL 60639

    New
    Under Contract
    For Sale
    $1,600,000

    Commercial Sale - Chicago, IL

    Days on Market:
    6
    Last Refresh:
    Dec 7 at 6:06 pm

    Property Features for 2420 N Kilbourn Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active Under Contract
    APN
    13273260200000

    Building Details

    Year built
    1925
    Number of units
    8
    Architectural style
    Other

    Joe Wright Enterprises (312) 593-8854 [email protected]

    Listing agent David Johnson (312) 593-8854 License #471020866

    Listing date Dec 2, 2025

    MLS# 12415458 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 Multifamily Investment Opportunity

    This multifamily property, located in the Hermosa neighborhood of Chicago, presents a commercial investment opportunity. The 8-unit building was fully gut rehabbed last year. Improvements include new appliances, a new roof, complete tuckpointing, new back decks and stairs, new plumbing, and new electrical systems. The property also offers value-add options.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.7392202
    Latitude
    41.9250671

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    FAQs

    What type of property is this?
    Apartment building - Gut rehabbed 8-unit building in up-and-coming Hermosa neighborhood.
    Where is this apartment building located?
    The property is located at 2420 N Kilbourn Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $1,600,000.
    What are key features of this property?
    This property features: - Fully gut rehabbed last year with **new appliances, plumbing, and electrical**.; - Located in the up and coming Hermosa neighborhood of Chicago.; - 8-unit building with value add options.
    (312) 593-8854
    Request Owner's contact information
    2420 N Kilbourn Ave Chicago, IL 60639
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    Chicago, IL 60639
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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
    2420 N Kilbourn Ave Chicago, IL 60639
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