2330 West Thomas Street, Chicago, IL 60622
Brick six-flat on a 30 by 120 lot with balconies and separate utility meters for tenant-paid electric.
- 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
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
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6858286
- Latitude
- 41.9014826