1337 W Walton Street Chicago, IL $ 2,200,000
1337 W Walton Street
$ 2,200,000
Recently Listed New Construction
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1337 W Walton Street

Chicago, IL, 60642
$ 2,200,000
Bedrooms10 Baths0.0

Monthly Estimate*

$ 13,891

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Multi-Family Home for sale in Chicago, IL

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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Multi-Family Active

Price

$ 2,200,000

Bedrooms

10

Property Type

Multi-Family

Taxes

$ 23,374

Style

Multi-Family

Lot Size

0.072888

Year Built

1888

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12630738

Features
General
Cooling 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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Exterior
Lot Dimensions 25X129
Frontage Type City Street
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* Excluded Features
List By
Compass

Broker

Adam.max@ranorth.com

Email

Affordability Calculator

$15,839
Per Month
88%
12%
0%
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.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/20/2026$2,200,000 Listed Price

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1337 W Walton Street, Chicago, IL, 60642 is a Multi-Family Home for sale at $2,200,000 with a lot size of 0.072888. 1337 W Walton Street has 10 bedrooms, 0.0 baths, and was built in 1888. The property's zip code is 60642 which is in Chicago, IL