1739 W Gregory Avenue Chicago, IL $ 2,300,000
1739 W Gregory Avenue
$ 2,300,000
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1739 W Gregory Avenue

Chicago, IL, 60640
$ 2,300,000
Bedrooms2 Baths0.0 Sq 7,506

Monthly Estimate*

$ 14,161

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Multi-Family Home for sale in Chicago, IL

for $2,300,000 with 2 bedrooms. This 7,506 square foot home was built in 1924 on a lot size of 0.180785.

Andersonville 6-Unit Investment Opportunity - Rarely available in the heart of Andersonville, this well-maintained 6-unit building presents an exceptional opportunity for savvy investors looking to secure a stable, income-generating asset in one of Chicago's most desirable neighborhoods. Each of the six units features a spacious 1200 sq. ft., 2-bedroom, 1-bathroom layout, with in an enclosed, insulated, back porch that adds an extra room for an office or storage. The property has been carefully maintained over the years. A standout feature is the availability of 5 garage parking spaces-an increasingly valuable amenity in this area-along with 7 separate storage rooms in the basement. Major updates include an upgraded electrical system installed within the last 5-7 years and a roof in good condition, updated approximately 10-15 years ago, which provides added peace of mind and reduces the likelihood of near-term capital expenses. Located in a high-demand rental corridor, this property benefits from Andersonville's vibrant mix of dining, shopping, accessible transportation, and community charm, making it highly attractive to long-term tenants. Whether you're expanding your portfolio or entering a sought-after market, this is a rare opportunity to acquire a solid, income-producing building in a tightly held neighborhood.

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Multi-Family Active

Price

$ 2,300,000

Bedrooms

2

Property Type

Multi-Family

Taxes

$ 29,936

Style

Multi-Family

Lot Size

0.180785

Year Built

1924

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12596092

Features
General
Cooling None
Possession Closing Tenant's Rights
Roof Membrane Reflective Coating
Zoning MULTI
Association Fee Includes Heat Water Electricity Parking Exterior Maintenance Lawn Care Snow Removal
Construction Materials Brick Concrete
Year Built 1924
Electric Circuit Breakers Separate Meters 220 Volts
Tenant Pays Electricity
Stories Count 3
Tax Year 2024
Current Use Multi-Family
Gross Income 180000
County Cook
Net Operating Income 153548
Operating Expense 29936
Insurance Expense 8472
Property Type Commercial Sale Multi Family 5+
MaintenanceExpense 2000
Possible Use Condominium Multi-Family Other
Status Active
Directions Ashland Ave to Catalpa 5500 N turn west to Paulina Ave turn N to Gregory St turn left and continue to 1739-41 Gregory.
City Chicago
Number Of Units Total 6
MLS Area CHI - Edgewater
Lot Size Square Feet 7875
Tax Annual Amount 29936
Electric Expense 480
Fuel Expense 7300
Trash Expense 3600
Water Sewer Expense 3600
Additional Parcels Y/N N
Standard Status Active
Cap Rate 0.06
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Interior
Basement Partially Finished Concrete Storage Space
Total Fireplaces 6
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Exterior
Foundation Details Concrete Perimeter
Building Area Total 7506
Lot Dimensions 63 X 125
Frontage Type City Street
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* Excluded Features
List By
Pearson Realty Group

Broker

roziel@pearsonrealtygroup.com

Email

Affordability Calculator

$16,656
Per Month
85%
15%
0%
Monthly Principal & Interest
$14,161
Monthly Property Taxes
$2,495
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
5/12/2026$2,300,000 Listed Price

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1739 W Gregory Avenue, Chicago, IL, 60640 is a Multi-Family Home for sale at $2,300,000 with 7,506 sqft and a lot size of 0.180785. 1739 W Gregory Avenue has 2 bedrooms, 0.0 baths, and was built in 1924. The property's zip code is 60640 which is in Chicago, IL