Multi-Unit Investment Opportunity,
2904 S Wells Street Chicago, IL 60616
2904 S Wells Street, Chicago, IL, 60616
$1,080,000
For Sale
$1,080,000
MULTI_FAMILY - Chicago, IL
Lot Size0.07 Acres
Days on Market101
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 7, Bedroom 9, Bedroom 12, Bathroom 4, Bedroom 10, Bedroom 11, Bedroom 4, Bathroom 1, Bedroom 8, Bedroom 2, Bathroom 5, Bedroom 14, Bedroom 1, Bedroom 3, Bedroom 6, Bedroom 5, Bathroom 3, Bathroom 2, Bedroom 7, Bedroom 13, Bathroom 6
- 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
(312) 939-5253
3323 W. Diversey Ave., Chicago, IL
Listed by
QianKun Chen · License #475171061
(312) 939-5253
Added: Apr 9 Checked: Jul 18 at 3:06 am
MLS# 12614240
Listing URL
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Investment Insights
Based on property information with market context.
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.
Key Highlights
- Multi‑unit residential property built in 1885 with 7 total residential units plus a coach house unit and parking space
- Front building unit mix: 3 bed/1 bath (1st floor), 2 bed/1 bath (2nd floor), and 1 bed/1 bath (3rd floor)
- Rear building includes three 2 bed/1 bath units
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
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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: Multi‑unit residential property built in 1885 with 7 total residential units plus a coach house unit and parking space; Front building unit mix: 3 bed/1 bath (1st floor), 2 bed/1 bath (2nd floor), and 1 bed/1 bath (3rd floor); Rear building includes three 2 bed/1 bath units
