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    Vintage Six-Unit Apartment Building Title is generated by Realmo AI

    2330 West Thomas Street, Chicago, IL 60622

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    Brick six-flat on a 30 by 120 lot with balconies and separate utility meters for tenant-paid electric.

    Type:Retail, Multifamily
    Property size:
    5,892 SF
    Price / SF:
    $186/SF
    Added:
    May 27, 2026
    Days on Market:
    15
    Last Refresh:
    Jun 6 at 4:07 am

    Property Features for 2330 West Thomas Street

    General Information

    Standard status
    Active
    Size
    5,892 SF
    Property subtype
    Retail, Multifamily

    Building Details

    Year Built
    1917

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    Listing Contact
    Miroslaw Czerkas

    Listing agent Miroslaw Czerkas License #475140528

    Listing office Homesmart Connect LLC

    Listing date May 27, 2026

    Source Crexi

    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 Homesmart Connect LLC

    HighLights

    • Vintage brick legal six‑flat on a 30x120 lot with balconies in all apartments
    • Unit mix: front units are 5‑room 2BD/1BA; rear units are 3‑room 1BD/1BA
    • Tear‑off roof completed in 2010; tuckpointing and flashings in 2011; parapet masonry/lintels work in 2023
    • Updated electric and newer windows; older plumbing; updated electric for the building
    • Heating: first‑floor units have furnaces (2014 for 1F, 2025 for 1R); other four units use space heaters
    • Six water heaters with separate utility meters; tenants pay their own electric except 1F (electric included in rent)

    Overview

    This vintage brick legal six-flat is set on a 30 by 120 lot and features five-room two-bedroom, one-bath units in the front and three-room one-bedroom, one-bath units in the rear. Hardwood floors run throughout the apartments, and each unit includes a balcony along with in-unit pantries. The building has an unfinished full basement and enclosed back porches and staircases. Recent exterior and systems work includes a tear-off roof in 2010, tuckpointing, parapet walls, and flashings in 2011, followed by lintels and parapet masonry work in 2023, along with updated electric, newer windows, and older plumbing. Heating is supported by newer furnaces in two first-floor units (2014 for one unit and 2025 for another), while the remaining four units use space heaters. There are six water heaters, with heating and water on separate meters, and tenant-paid electric in place except for one first-floor unit where electric is included in rent.

    The property includes a fenced garden area at the rear with alley access. Two second-floor units in the front and rear are currently vacant, providing an easy showing opportunity.

    For buyers seeking a residential income property with a clear front-to-rear unit mix and dedicated utilities, this building offers a workable configuration and strong in-place fundamentals, while also reflecting that income may benefit from updating and general TLC. The property is offered as-is.

    Local Financial Insights For Apartment 5plus

    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 $173.2k $29.40
    − Vacancy −$9.0k −$1.53
    EGI $164.2k $27.87
    − OpEx −$73.9k −$12.54
    NOI $90.3k $15.33
    5,892 SF · lease $29.40/SF/yr · vacancy 5.20% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $1.29M
    $1.13M – $1.51M (±1% cap)
    NOI $90,319 @ 7.0% cap · market cap 8.21%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $2.78M
    $2.43M – $3.24M (±1% cap)
    NOI $194,464 @ 7.0% cap · market cap 17.68%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Accounting Firm Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6858286
    Latitude
    41.9014826

    FAQs

    What type of property is this?
    Apartment building - Brick six-flat on a 30 by 120 lot with balconies and separate utility meters for tenant-paid electric.
    Where is this apartment building located?
    The property is located at 2330 West Thomas Street Chicago, IL.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: Vintage brick legal six‑flat on a 30x120 lot with balconies in all apartments; Unit mix: front units are 5‑room 2BD/1BA; rear units are 3‑room 1BD/1BA; Tear‑off roof completed in 2010; tuckpointing and flashings in 2011; parapet masonry/lintels work in 2023
    More about this property
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