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Four-Unit Residential Building with Garage
For Sale
$1,190,000
Pending

1939 W Thomas Street Chicago, Chicago, IL 60622

Fully rented four-flat featuring front one-bedroom-plus-den units, rear two-bedroom units, and a two-car garage.

Property SizeContact for details
Days on Market44

Property Features for 1939 W Thomas Street Chicago

General Information

Standard status Pending
Total Parking Spaces 2
Property subtype Two to Four Units
Occupancy 100%

Additional Details

Multifamily Units 4

Taxes and HOA fees

Annual Taxes $15,285

Amenities

Unfinished,Full
4
7
Lake Michigan,Public
2
(630) 789-3104
25x110
No
Yes,Garage Owned,Detached,Garage

Building Details

Tenancy Multi
Listing Agency:
Listed By: Jaycee Ochoa
Source: Remaxadream
Added: Jul 8 Changed: Aug 8 Last Checked: Jul 30 at 2:55AM

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 Jaycee Ochoa

Investment Insights

Based on property information with market context.

This fully rented four-unit residential building offers a mix of layouts and income opportunities. The front units each feature 1 bedroom plus a den and 1 bathroom, while the rear units offer 2 bedrooms and 1 bathroom. A two-car garage supports parking needs, with one spot currently available. Additional building income is supported by laundry and outside maintenance storage located in the basement.

The property is located on W Thomas Street in Chicago within the East Village Historical District, with convenient access to Division St and the area’s restaurants, shops, and nightlife.

For buyers seeking a straightforward, income-producing setup, the building is currently maintained in its existing condition with all units occupied.

Key Highlights

  • Fully rented 4‑flat with 4 total units and 7 bedrooms/4 full baths
  • Unit mix: front units are 1 bed + den, 1 bath; rear units are 2 bed, 1 bath
  • Lake Michigan water source; unfinished full basement with laundry and outside maintenance storage

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Nursing Home (Bike/Boat/Book/etc) Store Pet Grooming Service Tanning Salon Bed & Breakfast Restaurant

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

4
Residential units
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

5,074
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

Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Quadplex - Fully rented four-flat featuring front one-bedroom-plus-den units, rear two-bedroom units, and a two-car garage.
Where is this quadplex located?
The property is located at 1939 W Thomas Street Chicago Chicago, IL.
What is the asking price?
The asking price for this property is $1,190,000.
What are key features of this property?
This property features: Fully rented 4‑flat with 4 total units and 7 bedrooms/4 full baths; Unit mix: front units are 1 bed + den, 1 bath; rear units are 2 bed, 1 bath; Lake Michigan water source; unfinished full basement with laundry and outside maintenance storage
More about this property
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