1946 W Armitage Avenue, Chicago, IL 60647
- Added:
- May 11, 2026
- Days on Market:
- 33
- Last Refresh:
- Jun 12 at 1:06 am
Property Features for 1946 W Armitage Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bedroom 5, Bathroom 1, Bedroom 1, Bedroom 2, Bathroom 3, Basement, Bedroom 4, Bedroom 3, Bathroom 2
- Parking
- 2
- Parking features
- Garage
- Window features
- Screens
- Patio and Porch features
- Patio
- Exterior features
- Balcony
- Basement
- Walk-Out Access, Finished
- Standard status
- Active
- APN
- 14312130390000
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 13273
Utilities
- Sewer type
- Public Sewer
- Heating system
- Steam, Natural Gas
- Water source
- Public
Building Details
- Year built
- 1919
- Building materials
- Brick
Listing agent Michael Giliano License #475135259
Listing office Compass 55 E ERIE ST STE 1C, IL (773) 482-1917
Listing date May 11, 2026
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- All‑brick building built in 1919 with approximately 2,742 SF on a 24x125 lot
- Zoned RT‑4 and features 3 units
- Total of 4 bedrooms plus a studio garden unit, with 3 full baths
- Includes 3 kitchens and a balcony plus patio
- Natural gas steam heat; public water and public sewer
- All‑brick 1.5‑car garage and huge backyard; sold AS‑IS for total renovation
Overview
The property is located in Chicago’s Bucktown neighborhood in a walkable area with local amenities. It is zoned RT-4, which supports a three-unit configuration. For commuter access, convenient transportation options are noted near the Clybourn Metra station on the UP-N and UP-NW lines, as well as the Damen or Western Blue Line stations.
This is a practical fit for buyers or investors looking to renovate a brick triplex and tailor the interior layout to their needs, whether maintaining the current three-unit setup or reconfiguring the space as desired. With multiple bedrooms, a studio garden unit, and on-site garage and outdoor space, the property provides a clear framework for redevelopment, subject to the renovation requirements and zoning in place.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $69.1k | $25.20 |
| − Vacancy | −$3.8k | −$1.39 |
| EGI | $65.3k | $23.81 |
| − OpEx | −$19.6k | −$7.14 |
| NOI | $45.7k | $16.67 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.67702
- Latitude
- 41.91803
