1421 W Chicago Avenue Chicago, IL $ 2,995,000
1421 W Chicago Avenue
$ 2,995,000
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1421 W Chicago Avenue

Chicago, IL, 60642
$ 2,995,000
Bedrooms9 Baths0.0

Monthly Estimate*

$ 18,911

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Multi-Family Home for sale in Chicago, IL

for $2,995,000 with 9 bedrooms. This home was built in 1950.

1421 W Chicago is a boutique seven-unit turn key mixed-use apartment building anchored by a new well-established restaurant, Gilda in the heart of West Town. The property presents a rare opportunity to acquire a stabilized fully renovated asset with diversified income, strong in-place tenancy, and long-term upside in a premier corridor location. Positioned directly along Chicago Avenue, the building benefits from exceptional visibility and immediate access to some of the neighborhood's most sought-after dining, retail, and entertainment destinations, while remaining surrounded by the residential character and walkability that continues to drive demand throughout West Town/Noble Square. The residential component features seven thoughtfully designed apartment layouts with modern finishes and efficient floor plans that appeal to today's renters. All units have washer and dryer in unit, stainless steel appliances and varying degrees of finish packages. Combined with the strength of the ground-floor commercial tenancy and all of the larger infrastructure upgrades , the asset offers investors a compelling blend of stable cash flow and future appreciation potential in one of Chicago's most supply-constrained rental markets.

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Multi-Family Active

Price

$ 2,995,000

Bedrooms

9

Property Type

Multi-Family

Taxes

$ 31,516

Style

Year Built

1950

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12711342

Features
General
Cooling Central Air
Construction Materials Brick
Year Built 1950
Stories Count 4
Township West Chicago
Tax Year 2024
Gross Income 262440
County Cook
Net Operating Income 21195
Operating Expense 30462
Insurance Expense 1138
Property Type Commercial Sale Multi Family 5+
MaintenanceExpense 2341
Status New
Directions West on Chicago from Noble
City Chicago
Number Of Units Total 8
MLS Area CHI - West Town
Tax Annual Amount 31516
Electric Expense 732
Fuel Expense 798
Trash Expense 2711
Water Sewer Expense 2264
Additional Parcels Y/N N
Standard Status Active
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Exterior
Lot Dimensions 25x124
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* Excluded Features
List By
Compass

Broker

charlie.cohen@compass.com

Email

Affordability Calculator

$21,537
Per Month
88%
12%
0%
Monthly Principal & Interest
$18,911
Monthly Property Taxes
$2,626
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
7/22/2026$2,995,000 Listed Price

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1421 W Chicago Avenue, Chicago, IL, 60642 is a Multi-Family Home for sale at $2,995,000. 1421 W Chicago Avenue has 9 bedrooms, 0.0 baths, and was built in 1950. The property's zip code is 60642 which is in Chicago, IL