1509 W Thomas Street Chicago, IL $ 1,699,000
1509 W Thomas Street
$ 1,699,000
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1509 W Thomas Street

Chicago, IL, 60642
$ 1,699,000
Bedrooms6 Baths0.0

Monthly Estimate*

$ 10,600

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Multi-Family Home for sale in Chicago, IL

for $1,699,000 with 6 bedrooms. This home was built in 1891.

Incredibly Maintained Six Unit, Cash Flowing Property on a fantastic tree-lined street! Fully Rented out with excellent tenants. Classic Brick Building with beautiful architectural details. First and Second floors feature 4 - 1 Bedroom/1 Bath units w/ exposed brick and high ceilings. Kitchens boast ample cabinetry, lots of prep and dining space, and stainless steel appliances. Large Living Rooms, Nice sized Bedrooms and updated Bathrooms. Ceiling fans and climate control. Top Level feat. Two Spacious Duplex ups that play like a home! Main Floor have oversized kitchens, islands, lots of storage space, eat-in area, and large living rooms with tons of natural light. Full Bathrooms. The top floor of duplex feat. bedroom w/ large closets, and flex space ideal for fitness, office and more! Rear units w/ private back decks and stunning courtyard patio in front of building! Coin Operated laundry on 3rd floor dormer. The following updates have been made by the current owners: First floor furnaces ('22), First floor A/C front unit ('22), Second floor front unit furnace ('16), Second floor rear unit A/C ('23), Third floor front unit A/C ('20), All Hot Water Heaters replaced in '17, Flat Dormer of Roof ('22) and Pitched Roof ('13). All units have kitchen appliances replaced between 2017-2021, and Duplex Ups Dishwashers between 2020-2022. Gut Rehab between 1998-2000 - All new windows, electrical wiring, plumbing, central air. 220 line circuit breakers in each unit. Fantastic location close to Blue Line, Shopping, Restaurants, Parks and so much more. This is a phenomenal opportunity. HOME RUN!

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Multi-Family Pending

Price

$ 1,699,000

Bedrooms

6

Property Type

Multi-Family

Taxes

$ 25,116

Style

Year Built

1891

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12341323

Features
General
Cooling Central Air
Year Built 1891
Stories Count 3
Township West Chicago
Tax Year 2023
Gross Income 141300
County Cook
Net Operating Income 103632
Operating Expense 37668
Insurance Expense 4272
Property Type Commercial Sale Multi Family 5+
MaintenanceExpense 2880
Status Pending
Directions Division to Milwaukee Milwaukee to Thomas Street to the Property
City Chicago
Number Of Units Total 6
MLS Area CHI - West Town
Tax Annual Amount 25116
Electric Expense 720
Fuel Expense 1560
Trash Expense 1680
Water Sewer Expense 1440
Additional Parcels Y/N N
Standard Status Pending
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Exterior
Lot Dimensions 125 X 25
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* Excluded Features
List By
Exp Realty, Llc

Broker

erik.gimbel@exprealty.com

Email

Affordability Calculator

$12,693
Per Month
84%
16%
0%
Monthly Principal & Interest
$10,600
Monthly Property Taxes
$2,093
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% 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
4/18/2025$1,699,000 Listed Price

Map


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1509 W Thomas Street, Chicago, IL, 60642 is a Multi-Family Home for sale at $1,699,000. 1509 W Thomas Street has 6 bedrooms, 0.0 baths, and was built in 1891. The property's zip code is 60642 which is in Chicago, IL