Recently Listed New Construction 1337 W Walton Street
Chicago, IL, 60642 $ 2,200,000
Bedrooms10 Baths0.0 Monthly Estimate*
$ 13,891
for $2,200,000 with 10 bedrooms. This home was built in 1888 on a lot size of 0.072888.
1337 W. Walton Street, a newly constructed five-unit multifamily asset prominently situated just off Chicago Avenue in one of the city's most sought- after residential markets. The Property offers a diverse and attractive unit mix comprising one (1) 1 Bed / 1 Bath, one (1) 2 Bed / 1 Bath, two (2) 3 Bed / 2 Bath Duplexes, and one (1) 4 Bed / 2 Bath Duplex. All utilities are separately metered and paid directly by tenants, providing a lean expense structure and predictable cash flow for ownership. Each residence is finished to a condominium-quality standard featuring hardwood flooring, stainless steel appliances, quartz countertops, modern white cabinetry, tiled bathrooms, private rear decks, and in-unit laundry. Built to the highest modern standard, the Property features separately metered 100-amp electrical service per unit, individual high-efficiency furnaces, tankless water heaters, copper plumbing, high-performance windows, and a new roof - delivering an essentially maintenance-free asset with no near-term capital requirements and a long runway before any meaningful reinvestment is needed. With spacious floor plans, brand-new finishes, and rents that remain meaningfully below market, 1337 W. Walton Street offers investors a rare combination of day-one cash flow and compelling upside through a measured rent growth strategy. Underpinned by strong neighborhood fundamentals, light operating expenses, and a truly turnkey physical plant, this offering represents an exceptional opportunity for an investor seeking long-term stability and durable value creation in Chicago's Noble Square neighborhood.
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FeaturesGeneralCooling Central Air
Possession Closing
Zoning MULTI
Construction Materials Wood Other
Year Built 1888
Tenant Pays Air Conditioning Electricity Heat
Stories Count 4
Township West Chicago
Tax Year 2024
Current Use Multi-Family
Gross Income 205440
County Cook
Net Operating Income 142258
Operating Expense 59668
Insurance Expense 4500
Property Type Commercial Sale Multi Family 5+
MaintenanceExpense 1875
Possible Use Multi-Family
Status Active
Directions West on Chicago North on Noble East on Walton
City Chicago
Number Of Units Total 5
MLS Area CHI - West Town
Lot Size Square Feet 3175
Tax Annual Amount 23374
Electric Expense 460
Fuel Expense 157
Trash Expense 3349
Water Sewer Expense 2271
Additional Parcels Y/N N
Standard Status Active
Cap Rate 6.34
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ExteriorLot Dimensions 25X129
Frontage Type City Street
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* Excluded FeaturesList ByAdam.max@ranorth.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $13,891
- Monthly Property Taxes
- $1,948
- 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.
Learn more about how to save NearbyMulti-family listings in Chicago, IL
Average List Price $628,229
Percent of Sale Price 71%
About Chicago, IL 2,755,380 Population
-4% Since 2002
$ 53,088 Median Income
36.07 Median Age
25% Households with Children
Trends Information provided by ATTOM Data Solutions.
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 7/20/2026 | $2,200,000 | | Listed Price |