Back to Search

Newer Construction Apartment Building

14 S Leavitt Street, Chicago, IL 60612

View on Map

For Sale

$1,850,000

7-unit apartment building with upside potential in prime location.

Type:Commercial

Lot size:

0.07 Acres

HighLights

Significant rent increase potential, projecting a $143,006 NOI and 7.7% CAP rate.
Prime Near West Side location, walk to United Center, transportation, and Illinois Medical District.
Newer construction (2004) apartment building.
Solid brick and block construction with elevator.
Six spacious 2‑bedroom, 2‑bathroom units plus a versatile 7th unit.
Six attached garage spaces.

We can help!

Listing Contact

KEVIN HINTON

For Sale

$1,850,000

7-unit apartment building with upside potential in prime location.

Type:Commercial

Lot size:

0.07 Acres

Added:: Sep 17, 2025
Days on Market:: 272
Last Refresh:: Apr 5 at 8:29 pm

Property Features for 14 S Leavitt Street

General Information

Standard status: Active
Lot size: 0.07 Acres
Property subtype: Commercial

Building Details

Year Built: 2004

We can help!

Listing Contact

KEVIN HINTON

Listing agent KEVIN HINTON License #475170825

Listing office KELLER WILLIAMS ONECHICAGO

Listing date Sep 17, 2025

Source Corcoran

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 KELLER WILLIAMS ONECHICAGO

HighLights

Significant rent increase potential, projecting a $143,006 NOI and 7.7% CAP rate.
Prime Near West Side location, walk to United Center, transportation, and Illinois Medical District.
Newer construction (2004) apartment building.
Solid brick and block construction with elevator.
Six spacious 2‑bedroom, 2‑bathroom units plus a versatile 7th unit.
Six attached garage spaces.

Overview

This 7-unit property, constructed in 2004 as condos, presents an investment opportunity in a prime location. The building features solid brick and block construction, with elevator service to all floors. It includes six 2-bedroom, 2-bathroom units and one storefront (or 7th apartment) along with six attached garage spaces. The 7th unit has a separate entrance from the sidewalk, suitable for a small business office space or short-term rental. Located on the Near West Side of Chicago, it is within walking distance of the United Center Arena, Madison St bus lines, Illinois Medical District, and expressways. The location offers convenient access to amenities, entertainment, and transportation. Rents are below market, presenting an opportunity to increase cash flow and property value with new leases. The property is projected to have an NOI of $143,006 and a CAP rate of 7.7 when new rents are implemented. This apartment building represents a solid investment choice due to its construction, location, feature-rich units, and potential for rent growth and value enhancement.

Property Profile Location Intelligence

Current Use by Public Records

14 S Leavitt ... Association Or Organization Chicago United Med ... Medical Supply Store

Suggested Use

Location Insight

Map
Local Demand

City: Chicago
County: Cook
State: Illinois
Longitude: -87.6819
Latitude: 41.8807

Nearby Similar for Sale

$1,300,000

6,400 SF

Renovated Chicago Industrial Flex Warehouse

6,400 SF renovated industrial flex warehouse in Chicago for sale.

3146 W Chicago Avenue, Chicago, IL 60622

View Details
$749,000

3,700 SF

West Town Corner Retail Space

New construction retail space in booming West Town neighborhood.

1445 W Chicago Avenue, Chicago, IL 60642

View Details
$949,000

4,055 SF

Turnkey Restaurant Venue with PPA License

Fully renovated restaurant with licenses and uncommitted VGT potential.

7455 W Irving Park Road, Chicago, IL 60634

View Details
$949,000

4,055 SF

Turnkey Restaurant Venue with PPA License

Fully renovated restaurant with licenses and VGT potential in Chicago.

7455 W Irving Park Road, Chicago, IL 60634

View Details
$949,000

4,055 SF

Turnkey Restaurant Venue with Licenses

Fully renovated restaurant with licenses and residential unit for sale.

7455 W Irving Park Road, Chicago, IL 60634

View Details
$649,000

2,176 SF

Turnkey Restaurant Opportunity in Chicago

Below-market lease in East Lakeview, fully equipped restaurant with assets.

420 W Belmont Avenue, Chicago, IL 60657

View Details
$759,000

5,000 SF

Prime Retail Space in Chicago

Commercial property in a high-traffic retail district.

4411 N Kedzie Avenue, Chicago, IL 60625

View Details
$1,295,000

9,744 SF

Chicago Office Building with Parking

Two-story office building in Chicago's Clearing neighborhood.

6350 W 63rd Street, Chicago, IL 60638

View Details
$459,000

3,000 SF

Chicago Commercial Buildings For Sale

Three commercial buildings in a busy Chicago neighborhood retail location.

1753-1759 W 79th Street, Chicago, IL 60620

View Details
$2,379,100

10,000 SF

Chicago Commercial Space for Sale

Versatile commercial property in a prime Chicago location.

1612-16 N Throop Street, Chicago, IL 60642

View Details
$625,000

4,593 SF

Fulton River District Commercial Loft

Classic timber loft in Fulton River District, Chicago.

566 W Lake Street, Chicago, IL 60661

View Details
$549,900

2,806 SF

Wicker Park Corner Retail Building

2,806 SF retail building in prime Wicker Park location.

2357 W North Avenue, Chicago, IL 60647

View Details

For sale
Apartment buildings
IL
Chicago
60612
14 S Leavitt Street

What type of property is this?

Apartment building - 7-unit apartment building with upside potential in prime location.

Where is this apartment building located?

The property is located at 14 S Leavitt Street Chicago, IL.

What is the asking price?

The asking price for this property is $1,850,000.

What are key features of this property?

This property features: Significant rent increase potential, projecting a $143,006 NOI and 7.7% CAP rate.; Prime Near West Side location, walk to United Center, transportation, and Illinois Medical District.; Newer construction (2004) apartment building.