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Center-Entrance Multi-Unit Building
For Sale
$889,900
Pending

2440-42 W Ardmore Avenue Chicago, Chicago, IL 60659

Center-entrance multi-unit with maintained hardwood floors and refreshed original doors, trim, and moldings.

Property SizeContact for details
Days on Market52

Property Features for 2440-42 W Ardmore Avenue Chicago

General Information

Standard status Pending
Total Parking Spaces 2
Property subtype Two to Four Units
Zoning MULTI

Taxes and HOA fees

Annual Taxes $11,853

Amenities

Finished,Rec/Family Area,Sleeping Area,Walk-Up Access,Full
4
6
Corner Lot
Lake Michigan
2
30X125
0.08
No
Ceiling Fan(s)
Garage Door Opener,Yes,Garage Owned,Detached,Garage

Building Details

Year Built 1925
Listing Agency:
Listed By: Nora Carrillo
Source: Remaxadream
Added: Jul 10 Changed: Aug 8 Last Checked: Jul 23 at 4:41AM

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 Nora Carrillo

Investment Insights

Based on property information with market context.

This center-entrance multi-unit building has been well cared for, with apartments featuring hardwood floors and refinished original doors, trim, and moldings that help preserve the property’s vintage character. The building includes mechanical updates, with a roof estimated at about 10 years old and a boiler estimated at about 5 years old.

Located in Chicago’s Arcadia Terrace neighborhood, the property is set along quiet, tree-lined streets and offers easy access to Lincoln Avenue as well as neighborhood restaurants, shops, parks, and public transportation.

As a multi-unit residential income property, it presents a straightforward floor-through configuration centered around the main entry, with interior finishes maintained throughout the apartments.

Key Highlights

  • 4‑unit center‑entrance multi‑unit built in 1925 with 6 total bedrooms and 4 full baths
  • Finished full basement with rec/family area and sleeping area, plus walk‑up access
  • Hardwood floors throughout apartments with refinished original doors, trim, and moldings

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Florist Skin Care Clinic (Bike/Boat/Book/etc) Store Pet Grooming Service Veterinary Clinic Law Firm

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

1,659
Businesses Nearby

Demographics for 60659, IL

40,579
Population
14,748
Households
2.8
Avg Household Size
36
Median Age
40%
College-Educated
82%
High-School Grad
2.4 sq mi
ZIP Area
16,908
Density / Sq Mi
$70,033
Median Household Income
$40,493
Median Earnings
$1,391
Median Rent
$358,800
Median Home Value

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?
Multifamily property - Center-entrance multi-unit with maintained hardwood floors and refreshed original doors, trim, and moldings.
Where is this multifamily property located?
The property is located at 2440-42 W Ardmore Avenue Chicago Chicago, IL.
What is the asking price?
The asking price for this property is $889,900.
What are key features of this property?
This property features: 4‑unit center‑entrance multi‑unit built in 1925 with 6 total bedrooms and 4 full baths; Finished full basement with rec/family area and sleeping area, plus walk‑up access; Hardwood floors throughout apartments with refinished original doors, trim, and moldings
More about this property
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