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1225 W Erie Street Chicago, IL $ 1,025,000
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1225 W Erie Street
$ 1,025,000
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1225 W Erie Street

Chicago, IL, 60642
$ 1,025,000
Bedrooms7 Baths4.0

Monthly Estimate*

$ 6,311

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Multi-Family Home for sale in Chicago, IL

for $1,025,000 with 7 bedrooms and 4 full baths. The lot size is 0.07.

Exceptional opportunity to own a fully leased 3-flat ideally positioned at the crossroads of West Town, Noble Square, and River West. This solid income-producing property features a spacious 3-bedroom duplex-down on the first floor and two well-maintained 2-bedroom simplex units on the 2nd and 3rd floors - an ideal unit mix for strong, consistent rental demand. Each residence offers bright living areas and high ceilings. Individual HVAC systems in all 3 units, shared on-site laundry, and exterior parking spaces at the rear of the building. The property has a large backyard area. All leases are secured through Summer 2026, delivering immediate cash flow and built-in stability for the next owner. A truly turnkey asset in one of Chicago's most desirable rental corridors.

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Multi-Family Active

Price

$ 1,025,000

Bedrooms

7

Full Bath

4

Property Type

Multi-Family

Taxes

$ 17,127

Style

Lot Size

0.07

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12576429
Features
General
Sewer Public Sewer
Heating Natural Gas
Possession Closing Tenant's Rights
Zoning MULTI
Construction Materials Brick
Township West Chicago
Tax Year 2024
Ownership Fee Simple
Gross Income 6950
Community Features Curbs Gated Sidewalks Street Lights Street Paved
County Cook
New Construction N
Property Type Residential Income Two to Four Units
Total Rooms 14
Status New
Directions SOUTH OF CHICAGO AVE - WEST ON ERIE TO PROPERTY - 1225 W ERIE STREET
City Chicago
High School District 299
MLS Area CHI - West Town
Tax Annual Amount 17127.96
Additional Parcels Y/N N
Standard Status Active
Middle/Junior School District 299
Elementary School District 299
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Interior
Basement Partially Finished Exterior Entry Full Walk-Out Access
Total Bedrooms 7
Room Type Utility Room-1st Floor
Total Baths 4
Bedrooms Possible 7
Full Baths Building 4
Half Baths Building 0
Total Number of Units 3
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Exterior
Parking Features Off Alley Off Street Yes Owned
Water Source Lake Michigan Public
Total Parking 3
Lot Dimensions 25 X 128
Lot Size Acres 0.07
Waterfront Y/N N
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* Excluded Features
List By
Fulton Grace Realty

Broker

owen@fultongrace.com

Email

Affordability Calculator

$7,738
Per Month
82%
18%
0%
Monthly Principal & Interest
$6,311
Monthly Property Taxes
$1,427
Monthly Home Insurance
--
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
566059 Elementary School
566846 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
2/26/2026$1,025,000 Listed Price

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1225 W Erie Street, Chicago, IL, 60642 is a Multi-Family Home for sale at $1,025,000 with a lot size of 0.07. 1225 W Erie Street has 7 bedrooms and 4.0 baths. The property's zip code is 60642 which is in Chicago, IL

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