1246 N Artesian Avenue Chicago, IL $ 2,700,000
1246 N Artesian Avenue
$ 2,700,000
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1246 N Artesian Avenue

Chicago, IL, 60622
$ 2,700,000
Bedrooms3 Baths0.0

Monthly Estimate*

$ 17,048

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Multi-Family Home for sale in Chicago, IL

for $2,700,000 with 3 bedrooms. This home was built in 1889.

CRER is proud to exclusively present 1246 N Artesian Ave, a fully gut-renovated 8-unit multifamily asset located in the heart of Chicago's premier West Town neighborhood. This turnkey building features a highly desirable unit mix of predominantly 2-bedroom apartments, each outfitted with modern finishes, updated layouts, and secure digital entry systems, all set on a quiet, tree-lined street. The property has undergone a comprehensive, top-to-bottom renovation, delivering a truly stabilized asset with immediate in-place cash flow and minimal capital expenditure requirements. Investors benefit from a low-maintenance building with strong operating fundamentals and long-term durability. Strategically positioned just off the bustling Division Street corridor, the asset is surrounded by some of the city's best dining, nightlife, and boutique retail, while offering seamless access to public transportation. This prime location continues to drive consistent tenant demand and strong rental performance. Opportunities to acquire a fully renovated, income-producing asset of this caliber in West Town are exceedingly rare. 1246 N Artesian Ave offers investors a compelling blend of stability, location, and long-term upside in one of Chicago's most sought-after rental markets.

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Multi-Family Active

Price

$ 2,700,000

Bedrooms

3

Property Type

Multi-Family

Taxes

$ 21,850

Style

Year Built

1889

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12682951

Features
General
Year Built 1889
Stories Count 3
Tax Year 2025
Gross Income 214800
County Cook
Net Operating Income 161927
Operating Expense 54092
Insurance Expense 7698
Property Type Commercial Sale Multi Family 5+
MaintenanceExpense 2000
Status New
Directions Division St to Artesian Ave north to property
City Chicago
Number Of Units Total 8
MLS Area CHI - West Town
Tax Annual Amount 21850
Electric Expense 2596
Fuel Expense 5709
Trash Expense 2665
Water Sewer Expense 2593
Additional Parcels Y/N N
Standard Status Active
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Exterior
Lot Dimensions 25X126
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* Excluded Features
List By
Chicago Real Estate Resources

Broker

ianl@crer.com

Email

Affordability Calculator

$18,869
Per Month
90%
10%
0%
Monthly Principal & Interest
$17,048
Monthly Property Taxes
$1,821
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
6/22/2026$2,700,000 Listed Price

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1246 N Artesian Avenue, Chicago, IL, 60622 is a Multi-Family Home for sale at $2,700,000. 1246 N Artesian Avenue has 3 bedrooms, 0.0 baths, and was built in 1889. The property's zip code is 60622 which is in Chicago, IL