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Seven-Unit Apartment Property
For Sale
$1,080,000

2904 S Wells Street, Chicago, IL 60616

Commercial Sale, Chicago, IL

Property SizeContact for details
Lot Size0.07 Acres
Days on Market149

Property Features for 2904 S Wells Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning MULTI
Bedrooms 14
Bathrooms 7
Full bathrooms 7
Rooms Bedroom 6, Bedroom 4, Bedroom 2, Bedroom 12, Bedroom 14, Bedroom 13, Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 9, Bedroom 8, Bedroom 11, Bathroom 5, Bedroom 1, Bathroom 7, Bathroom 3, Bedroom 7, Bathroom 4, Bathroom 6, Bedroom 5, Bedroom 10
Directions 31st to Wells, north to address
Subdivision CHI - Armour Square
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 Agency: Kale Realty
Listed By: QianKun Chen · License #475171061
Added: Apr 9 Changed: Aug 20 Last Checked: Sep 4 at 1:06AM
MLS# 12614240

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.

Investment Insights

Based on property information with market context.

This apartment property at 2904 S Wells Street includes seven residential units across a front building, rear building, and coach house. The front building contains one three-bedroom unit, one two-bedroom unit, and one one-bedroom unit, while the rear building has three two-bedroom units. A parking space provides an additional property feature.

Six units have central heating and cooling. The remaining unit has central heat with window air conditioning. Built in 1885 on approximately 0.07 acres, the property is zoned MULTI and is located in Chicago’s 60616 ZIP code, near transportation, restaurants, and local amenities.

Key Highlights

  • Seven residential units across front, rear, and coach house buildings
  • Front building includes three‑bedroom, two‑bedroom, and one‑bedroom units
  • Rear building contains three two‑bedroom, one‑bathroom units

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Carpet & Flooring Store (Bike/Boat/Book/etc) Store Locksmith HVAC Service Auto Parts Store Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

7
Residential units

Location Intelligence

Trade Area within ½ mile

1,599
Businesses Nearby

Demographics for 60616, IL

54,013
Population
26,912
Households
2
Avg Household Size
38
Median Age
53%
College-Educated
86%
High-School Grad
3.8 sq mi
ZIP Area
14,214
Density / Sq Mi
$77,841
Median Household Income
$53,415
Median Earnings
$1,329
Median Rent
$387,300
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Multi-building residential income property with varied unit sizes, a coach house, parking, and MULTI zoning.
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: Seven residential units across front, rear, and coach house buildings; Front building includes three‑bedroom, two‑bedroom, and one‑bedroom units; Rear building contains three two‑bedroom, one‑bathroom units
More about this property
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