Multi-Unit Investment Opportunity,
2904 S Wells Street, Chicago, IL 60616
- Added:
- Apr 9, 2026
- Days on Market:
- 56
- Last Refresh:
- Jun 3 at 1:06 am
Property Features for 2904 S Wells Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- MULTI
- Bedrooms
- 14
- Bathrooms
- 7
- Rooms
- Bathroom 4, Bedroom 4, Bedroom 11, Bathroom 1, Bedroom 9, Bathroom 2, Bathroom 6, Bedroom 14, Bathroom 5, Bathroom 3, Bedroom 5, Bedroom 2, Bedroom 13, Bedroom 10, Bathroom 7, Bedroom 7, Bedroom 6, Bedroom 3, Bedroom 8, Bedroom 12, Bedroom 1
- Standard status
- Active
- APN
- 17284260190000
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 17227
Building Details
- Year built
- 1885
- Floors in Building
- 3
- Number of units
- 7
Listing agent QianKun Chen License #475171061 (312) 939-5253
Listing office Kale Realty 3323 W. Diversey Ave., Chicago, IL (312) 939-5253
Listing date Apr 9, 2026
MLS# 12614240
Listing URL
Copyright © 2026 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.
HighLights
- Multiple income streams from 7 residential units plus coach house and parking.
- Value‑add opportunity through raising rents to market rates.
- Desirable location near transportation, restaurants, and amenities.
- Versatile unit mix appeals to a wide tenant base.
- Six units feature central heating and cooling.
- Solid condition of property.
Overview
This multi-unit property, located in a desirable Chicago neighborhood, presents an excellent investment opportunity. The property features a total of 7 residential units, providing multiple streams of rental income. The front building includes a 3-bedroom, 1-bathroom unit on the first floor, a 2-bedroom, 1-bathroom unit on the second floor, and a 1-bedroom, 1-bathroom unit on the third floor. The rear building consists of three 2-bedroom, 1-bathroom units. Additional income is generated from the coach house unit and parking space. The property is in solid condition. Six units feature central heating and cooling, while one unit is equipped with central heat and window AC. The current rents are below market value, presenting a strong value-add opportunity for investors to enhance cash flow through future rent adjustments. The versatile unit mix appeals to a wide tenant base and helps minimize vacancy. The property is conveniently located near transportation, restaurants, and local amenities. The lot size is 0.07 acres. This property is an ideal asset for both seasoned investors and those seeking stable long-term income.
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.633224
- Latitude
- 41.840946
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Well-maintained 7-unit property with income potential in a desirable location.
Where is this apartment building located?
The property is located at 2904 S Wells Street Chicago, IL.
What is the asking price?
The asking price for this property is $1,080,000.
What are key features of this property?
This property features: Multiple income streams from 7 residential units plus coach house and parking.; Value‑add opportunity through raising rents to market rates.; Desirable location near transportation, restaurants, and amenities.
