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Seven-Unit Apartment Building
For Sale
$1,080,000

2904 S Wells Street, Chicago, IL 60616

Multi-building residential property with varied unit layouts, a coach house, parking, and multiple heating and cooling configurations.

Property SizeContact for details
Days on Market144

Property Features for 2904 S Wells Street

General Information

Standard status Active
Property subtype Commercial
Zoning MULTI

Units

Unit Mix 1 x 3BR/1BA, 4 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units 7

Taxes and HOA fees

Annual Taxes $17,226

Building Details

Year Built 1885
Stories 3
Units 7
Listing Agency: Kale Realty
Listed By: QianKun Chen · License #475171061
Source: Exit2newbeginningz
Added: Apr 9 Changed: Aug 29 Last Checked: Aug 30 at 5:36PM

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 Kale Realty

Investment Insights

Based on property information with market context.

This apartment property at 2904 S Wells Street includes seven residential units across a front building, a rear building, and a coach house. The unit mix includes one three-bedroom, one-bath residence; one two-bedroom, one-bath residence; three additional two-bedroom, one-bath units; and one one-bedroom, one-bath unit, with the coach house comprising the seventh residence. A parking space is also included.

Six units have central heating and cooling, while one unit has central heat with window AC. Built in 1885, the property is situated in Chicago, near transportation, restaurants, and local amenities. The range of unit layouts provides a varied residential configuration within a single multifamily asset.

Key Highlights

  • Seven residential units across front, rear, and coach house buildings
  • Unit mix includes one 3‑bedroom, one‑bath unit; four 2‑bedroom, one‑bath units; and one 1‑bedroom, one‑bath unit, plus the coach house
  • Six units feature central heating and cooling

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Carpet & Flooring Store (Bike/Boat/Book/etc) Store Locksmith HVAC Service Auto Parts Store Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

7
Residential units

Location Intelligence

Trade Area within ½ mile

1,599
Businesses Nearby

Demographics for 60616, IL

54,013
Population
26,912
Households
2
Avg Household Size
38
Median Age
53%
College-Educated
86%
High-School Grad
3.8 sq mi
ZIP Area
14,214
Density / Sq Mi
$77,841
Median Household Income
$53,415
Median Earnings
$1,329
Median Rent
$387,300
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Multi-building residential property with varied unit layouts, a coach house, parking, and multiple heating and cooling configurations.
Where is this apartment building located?
The property is located at 2904 S Wells Street Chicago, IL.
What is the asking price?
The asking price for this property is $1,080,000.
What are key features of this property?
This property features: Seven residential units across front, rear, and coach house buildings; Unit mix includes one 3‑bedroom, one‑bath unit; four 2‑bedroom, one‑bath units; and one 1‑bedroom, one‑bath unit, plus the coach house; Six units feature central heating and cooling
More about this property
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