269 7th Street Wheeling, IL $ 1,150,000
269 7th Street
$ 1,150,000
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269 7th Street

Wheeling, IL, 60090
$ 1,150,000
Bedrooms9 Baths0.0 Sq 5,796

Monthly Estimate*

$ 7,081

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Multi-Family Home for sale in Wheeling, IL

for $1,150,000 with 9 bedrooms. This 5,796 square foot home was built in 1979 on a lot size of 0.3.

Welcome to 269 7th Street, Wheeling-an exceptional opportunity to own a well-maintained, all-brick six-unit multi-family building in a highly desirable location. This investment property features three 2-bedroom/1-bath units and three 1-bedroom/1-bath units, all currently occupied, providing immediate income. Value-add potential is a key highlight, as current rents are below market. With two month-to-month tenancies and two below-market leases approaching renewal, the next owner has the opportunity to increase rents and make updates or enhancements at their discretion. Interiors vary in updates but all units feature durable wood laminate flooring. Additional income is generated through a coin-operated laundry in the basement. The property also offers 14 parking spaces, with a newly repaved driveway in 2025. Per owner, major mechanicals include a boiler replaced in approximately 2024, water heaters approximately 5-6 years old, and a roof approximately 10-15 years old. Ideally located in one of Wheeling's most accessible and walkable neighborhoods, on a quiet dead-end street with a mix of residential homes, including single-family properties, the building is just minutes from shopping, dining, the Wheeling Park District, and the vibrant Wheeling Town Center. It is also near the well-known Restaurant Row along Milwaukee Avenue, a historic and popular dining destination. With solid construction, strong tenancy, and clear upside potential, this property is ideal for both seasoned investors and those looking to grow their portfolio. Rare opportunity in today's low-inventory market-don't miss your chance to capitalize on this income-generating asset. Showings will be Sunday April 26th 12:00-3:00 by appointment.

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Multi-Family Active

Price

$ 1,150,000

Bedrooms

9

Property Type

Multi-Family

Taxes

$ 21,511

Style

Multi-Family

Lot Size

0.3

Year Built

1979

Town/City

Wheeling

County/Region

Cook

MLS | Web ID

12623476

Features
General
Cooling Wall Sleeve Window Unit(s)
Possession Closing
Zoning MULTI
Construction Materials Brick
Year Built 1979
Tenant Pays Electricity
Stories Count 3
Township Wheeling
Tax Year 2024
Current Use Multi-Family
Gross Income 93000
County Cook
Net Operating Income 54178
Operating Expense 38822
Insurance Expense 4011
Property Type Commercial Sale Multi Family 5+
MaintenanceExpense 1000
Status New
Directions Dundee and Wolf north to Strong west to 7th
City Wheeling
Number Of Units Total 6
MLS Area Wheeling
Lot Size Square Feet 13200
Tax Annual Amount 21511.56
Electric Expense 500
Fuel Expense 4200
Trash Expense 1200
Water Sewer Expense 5900
Additional Parcels Y/N N
Standard Status Active
Cap Rate 4.71
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Exterior
Building Area Total 5796
Lot Dimensions 100 x 131
Lot Size Acres 0.3
Frontage Type City Street
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* Excluded Features
List By
Berkshire Hathaway Homeservices Chicago

Broker

cvisoky@bhhschicago.com

Email

Affordability Calculator

$8,873
Per Month
80%
20%
0%
Monthly Principal & Interest
$7,081
Monthly Property Taxes
$1,793
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
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/22/2026$1,150,000 Listed Price

Map


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269 7th Street, Wheeling, IL, 60090 is a Multi-Family Home for sale at $1,150,000 with 5,796 sqft and a lot size of 0.3. 269 7th Street has 9 bedrooms, 0.0 baths, and was built in 1979. The property's zip code is 60090 which is in Wheeling, IL