1508-1512 W Farwell Avenue Chicago, IL ^$ 6,000,000

1508-1512 W Farwell Avenue

^$ 6,000,000

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1508-1512 W Farwell Avenue

Chicago, IL, 60626

^$ 6,000,000

Bedrooms7 Baths0.0

Monthly Estimate*

^$ 36,943

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Multi-Family Home for sale in Chicago, IL

for $6,000,000 with 7 bedrooms. This home was built in 1963 on a lot size of 0.394858.

COURT YARD BUILDING! 22-Unit Apartment Building with 22 Parking Spaces - Prime Rogers Park Location. Exceptional investment opportunity in the heart of Rogers Park! This solid brick 22-unit multi-family building includes a rare 22 adjacent parking spaces, all included in the sale. The property has been remodeled with updated kitchens and bathrooms, offering strong rental appeal and low maintenance moving forward. Unit mix includes 2-bedroom, 1-bedroom, and studio apartments, providing versatility and broad tenant demand. CONDO-READY! Additional highlights: On-site laundry for added income Walking distance to the Red Line train Strong rental location with historically low vacancy Adjacent parking lot included Drone footage available in virtual tour Prime transit-oriented location makes this a highly desirable rental property with stable income potential.

Multi-Family Active

Price

^$ 6,000,000

Bedrooms

Property Type

Multi-Family

Taxes

^$ 51,895

Style

Multi-Family

Lot Size

0.394858

Year Built

1963

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12538746

Features

General

Zoning MULTI

Construction Materials Brick

Year Built 1963

Stories Count 5

Township Rogers Park

Tax Year 2024

Current Use Multi-Family

Gross Income 433480

County Cook

Net Operating Income 355432

Operating Expense 128148

Insurance Expense 15093

Property Type Commercial Sale Multi Family 5+

MaintenanceExpense 1200

Possible Use Condominium Multi-Family

Status Active

Directions ashland north of pratt to Farwell east to building

City Chicago

Number Of Units Total 22

MLS Area CHI - Rogers Park

Lot Size Square Feet 17200

Tax Annual Amount 51895

Electric Expense 3368

Fuel Expense 24575

Trash Expense 6755

Water Sewer Expense 21106

Additional Parcels Y/N Y

Virtual Tour https://youtu.be/YUzJL8z9k18

Standard Status Active

Cap Rate 5.4

Exterior

Foundation Details Concrete Perimeter

Lot Dimensions 100x172

Frontage Type City Street

* Excluded Features

List By

@Properties Christie�S International Real Estate

Broker

mikestangel@atproperties.com

Affordability Calculator

$41,268

Per Month

Monthly Principal & Interest: $36,943
Monthly Property Taxes: $4,325
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.25% 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

Trends
Schools

Multi-family listings in Chicago, IL

Average List Price ^$618,637

Percent of Sale Price 90%

About Chicago, IL

2,755,380 Population

-4% Since 2002

^$53,088 Median Income

36.07 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/4/2026	$6,000,000	-7.69%	Price Down
1/2/2026	$6,500,000		Listed Price

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1508-1512 W Farwell Avenue, Chicago, IL, 60626 is a Multi-Family Home for sale at $6,000,000 with a lot size of 0.394858. 1508-1512 W Farwell Avenue has 7 bedrooms, 0.0 baths, and was built in 1963. The property's zip code is 60626 which is in Chicago, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% 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.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Data is updated as of 3/19/2026.

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1508-1512 W Farwell Avenue

Multi-Family Home for sale in Chicago, IL

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