2615 W North Avenue Chicago, IL ^$ 900,000

2615 W North Avenue

^$ 900,000

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2615 W North Avenue

Chicago, IL, 60647

^$ 900,000

Bedrooms-- Baths-- Sq 5,000

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Property for Rent in Chicago, IL

for $900,000. This 5,000 square foot property was built in 1906 on a lot size of 0.056244.

Fully leased West Town/Humboldt Park mixed-use building with 2025 Gross Income of $91,968 projected 2026 GPI of $97,537 and built-in rent growth. Two updated apartments, 3 bed/1 bath and 4 bed/1 bath, plus a long-term restaurant tenant through 2028. Apartments feature modern kitchens, baths, in-unit laundry, hardwood floors, and outdoor space. Restaurant lease includes annual rent bumps starting in 2026, plus reimbursement of 30% of property taxes and 70% of water/sewer/trash. Low landlord expenses, stable tenancy, and recent upgrades - including roof (2020), parking pad, deck, foundation work, and sump pump - make this a turnkey, high-performing asset steps from the 606, parks, dining, and Blue Line.

Rental Contingent

Price

^$ 900,000

Taxes

^$ 12,140

Style

Lot Size

0.056244

Year Built

1906

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12438797

Features

General

Cooling None

Possession Closing Tenant's Rights

Zoning OTHER

Construction Materials Brick Stone

Year Built 1906

Electric Separate Meters

Tenant Pays Electricity Heat

Stories Count 3

Township Lake View

Property Subtype Mixed Use

Tax Year 2023

Gross Income 91968

County Cook

Net Operating Income 56861

Operating Expense 33984

Insurance Expense 6500

Property Type Commercial Sale Mixed Use

Contingency Attorney/Inspection

Status Contingent

Directions Western Ave. to North Ave west to 2615

City Chicago

Number Of Units Total 3

MLS Area CHI - West Town

Lot Size Square Feet 2450

Tax Annual Amount 12140

Electric Expense 0

Fuel Expense 0

Trash Expense 0

Water Sewer Expense 5393

Additional Parcels Y/N N

Lease Type Modified Gross

Standard Status Active Under Contract

Cap Rate 6.32

Interior

Flooring Wood

Total Fireplaces 0

Exterior

Foundation Details Stone

Building Area Total 5000

Lot Dimensions 25X98

Frontage Type City Street

* Excluded Features

List By

@Properties Christie's International Real Estate

Broker

dawnlynch@atproperties.com

Nearby

Trends
Schools

About Chicago, IL

2,755,380 Population

-4% Since 2002

^$53,088 Median Income

36.07 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
8/11/2025	$900,000		Listed Price

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2615 W North Avenue, Chicago, IL, 60647 is a Property for Rent at $900,000 with 5,000 sqft and a lot size of 0.056244. 2615 W North Avenue was built in 1906. The property's zip code is 60647 which is in Chicago, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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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Data is updated as of 12/17/2025.

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2615 W North Avenue

Property for Rent in Chicago, IL

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