1143 N Rockwell Street Chicago, IL $ 1,999,995
1143 N Rockwell Street
$ 1,999,995
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1143 N Rockwell Street

Chicago, IL, 60622
$ 1,999,995
Bedrooms3 Baths0.0

Monthly Estimate*

$ 13,971

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Multi-Family Home for sale in Chicago, IL

for $1,999,995 with 3 bedrooms. This home was built in 1893 on a lot size of 0.107897.

Investor's Dream Opportunity in West Town Chicago! Welcome to an exceptional investment opportunity in the highly sought-after West Town Chicago neighborhood! This rarely available multi-unit property is the perfect choice for cash buyers seeking a solid investment to park their money and secure reliable returns. Property Highlights: Prime Location: Nestled in the heart of West Town, this all-brick building stands out as a gem in the real estate market. Income Generator: With a total of 9 units, this property is currently 100% leased, providing an immediate and steady stream of income for savvy investors. Zoning Advantage: Enjoy the benefits of C1-2 zoning on an extra-deep lot, allowing for versatile use and potential future development opportunities. Solid Structure: The enduring appeal of an all-brick construction ensures lasting value and low maintenance costs. Modern Upgrades: Benefit from newer windows that enhance energy efficiency and aesthetic appeal. Financial Snapshot: Stable Income: All 9 units are currently leased, ensuring a reliable and consistent rental income. Desirable Zoning: C1-2 zoning opens up various possibilities for maximizing returns, making this property an attractive investment choice. Low Vacancy Risk: The strong demand for rental units in the West Town area minimizes the risk of vacancies, contributing to a robust cash flow. Investment Potential: Strategic Frontage: Boasting approximately 29 ft x 175 ft frontage on Rockwell, the property offers a strategic location for visibility and accessibility. Separate Utilities: Individual meters for utilities provide convenience for both landlord and tenants, enhancing the property's appeal. Investor-Friendly Documentation: An Offering Memorandum is available to provide comprehensive insights into the investment potential and financial details. Why West Town? West Town is renowned for its vibrant community, excellent amenities, and proximity to the city's cultural and business hubs. The neighborhood's ongoing growth and development make it an ideal location for investors looking for long-term appreciation. Opportunity Awaits! Seize this rare opportunity to invest in a prime West Town Chicago multi-unit property. Whether you're a seasoned investor or looking to diversify your portfolio, this offering is sure to meet your criteria for a solid and lucrative investment. Available Offering Memorandum! Don't miss out on this chance to secure your financial future through a wise real estate investment.

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Multi-Family Active

Price

$ 1,999,995

Bedrooms

3

Property Type

Multi-Family

Taxes

$ 15,623

Style

Multi-Family

Lot Size

0.107897

Year Built

1893

Town/City

Chicago

County/Region

Cook

MLS | Web ID

11968091

Features
General
Cooling None
Zoning COMMR
Year Built 1893
Electric Separate Meters
Tenant Pays Electricity Heat
Stories 3
Tax Year 2022
Current Use Multi-Family
Gross Income 165900
County Cook
Net Operating Income 42311
Operating Expense 0
Insurance Expense 8052
Property Type Commercial Sale Multi Family 5+
Possible Use Commercial Condominium Multi-Family
Status Active
Directions ROCKWELL IS ONE WAY NORTH FROM AUGUSTA
City Chicago
Total Units 9
MLS Area CHI - West Town
Lot Size Square Feet 4700
Street Name Rockwell
Tax Annual Amount 15623
Electric Expense 6000
Fuel Expense 600
Trash Expense 1896
Water Sewer Expense 6540
Additional Parcels Y/N N
Days on Market 47
Standard Status Active
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Exterior
Lot Dimensions 25X175
Frontage Type City Street
Exterior Brick
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Interior
Street Suffix Street
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* Excluded Features
List By
Exp Realty, Llc

Broker

vilija.garbonkus@exprealty.com

Email

Affordability Calculator

$15,272
Per Month
91%
9%
0%
Monthly Principal & Interest
$13,971
Monthly Property Taxes
$1,302
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/1/2024$1,999,995 -9.09% Price Down
2/21/2024$2,200,000 Listed Price

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1143 N Rockwell Street, Chicago, IL, 60622 is a Multi-Family Home for sale at $1,999,995 with a lot size of 0.107897. 1143 N Rockwell Street has 3 bedrooms, 0.0 baths, and was built in 1893. The property's zip code is 60622 which is in Chicago, IL