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    2147 W Adams St Chicago, IL 60612

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    For Sale
    $2,795,000

    Six-unit building near United Center with high rental income potential.

    Property Features for 2147 W Adams St

    General Information

    Standard status
    Active

    Building Details

    Year built
    2025

    Source: COMPASS Agent SVITLANA CREADON

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Six-Unit Building Near United Center

    This six-unit building is located steps from the United Center and the future music hall, part of a $7 billion approved neighborhood improvement plan. The building features two duplex-down units, each with four bedrooms and three full bathrooms, large windows, and high-end finishes. There are also four modern simplex units, each with two bedrooms and two bathrooms, bright living spaces, and sleek kitchens. The property offers tenants outdoor space. The property is conveniently located near West Loop, Little Italy, and the Medical District. It provides easy access to the Eisenhower Expressway / 290, the Blue Line El Train stop, the Western Ave Metra Stop for MD-N, MD-W, NCS, and CTA buses. The building is intended as an investment property with projected rental income ranging from $17,000 to $19,000 per month.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6807638
    Latitude
    41.8784703

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    FAQs

    What type of property is this?
    Apartment building - Six-unit building near United Center with high rental income potential.
    Where is this apartment building located?
    The property is located at 2147 W Adams St Chicago, IL.
    What is the asking price?
    The asking price for this property is $2,795,000.
    What are key features of this property?
    This property features: - High Rental Income Potential: Projected $17,000-$19,000 monthly income.; - Prime Location: Steps from United Center and future music hall within a $7 billion neighborhood improvement plan.; - New Construction: Completed in 2025 and ready for occupancy.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2147 W Adams St Chicago, IL 60612
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