14 S Leavitt Street Chicago, IL 60612
7-unit apartment building with upside potential in prime location.
Type:Commercial
Lot size:
0.07 Acres- Added:
- Sep 17, 2025
- Days on Market:
- 224
- 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
Listing agent KEVIN HINTON License #475170825
Listing office KELLER WILLIAMS ONECHICAGO (312) 216-2422
Listing date Sep 17, 2025
Source Corcoran
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All listing content including descriptions, pricing, images are the copyrighted material of KELLER WILLIAMS ONECHICAGO
Overview
Newer Construction Apartment Building
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
Insight Report
Location Intelligence
Current Use by Public Records
14 S Leavitt ...
Association Or Organization
Chicago United Med ...
Medical Supply Store
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6819
- Latitude
- 41.8807
Nearby Similar for Sale
FAQs
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.
