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Renovated 8-Unit Apartment Building
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1246 N Artesian Avenue, Chicago, IL 60622

Fully renovated apartments feature updated layouts, modern finishes, and secure digital entry.

Property Size3,150 SF
Price / SF$828.57
Days on Market126

Property Features for 1246 N Artesian Avenue

General Information

Standard status Active
Size 3,150 SF
Total Parking Spaces 3
Property subtype Multifamily
Zoning RS-3
Occupancy 97%
Investment Type Stabilized
Net Operating Income $161,927

Building Details

Year Built 1889
Year Renovated 2020
Stories 3
Units 8
Tenancy Multi
Listing Agency: Chicago Real Estate Resources, Inc.
Listed By: Ian Luscombe · License #475167887
Source: Crexi
Added: Jun 12 Changed: Oct 11 Last Checked: Oct 12 at 4:33PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Chicago Real Estate Resources, Inc.

Investment Insights

Based on property information with market context.

This 8-unit apartment property at 1246 N Artesian Ave underwent a comprehensive renovation, including updated layouts and modern finishes. The unit mix is predominantly two-bedroom apartments, and the building includes secure digital entry systems. Originally built in 1889, the property is zoned RS-3.

The building sits on a quiet, tree-lined street in Chicago’s West Town neighborhood, just off the Division Street corridor. Dining, nightlife, boutique retail, and public transportation are located in the surrounding area.

Key Highlights

  • 8‑unit multifamily property with a predominantly 2‑bedroom unit mix
  • Comprehensive renovation with updated layouts and modern finishes
  • Secure digital entry systems throughout the building

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Nursing Home (Bike/Boat/Book/etc) Store Fish Market Accounting Firm Pet Grooming Service 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.

Location Intelligence

Trade Area within ½ mile

4,412
Businesses Nearby

Demographics for 60622, IL

55,075
Population
27,630
Households
2
Avg Household Size
33
Median Age
73%
College-Educated
94%
High-School Grad
2.5 sq mi
ZIP Area
22,030
Density / Sq Mi
$124,852
Median Household Income
$76,180
Median Earnings
$1,932
Median Rent
$622,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Apartment building - Fully renovated apartments feature updated layouts, modern finishes, and secure digital entry.
Where is this apartment building located?
The property is located at 1246 N Artesian Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $2,610,000.
What are key features of this property?
This property features: 8‑unit multifamily property with a predominantly 2‑bedroom unit mix; Comprehensive renovation with updated layouts and modern finishes; Secure digital entry systems throughout the building
(773) 327-9300 Call to check price and availability
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