Chicago, IL 60647
$1,650,000

Mark Quesada
Broker / Owner
LIC #475144827
Four-unit vintage brick apartment building located along one of Logan Square's most iconic and sought-after residential corridors. The property consists of 4,860 rentable square feet across a desirable unit mix of (1) two-bedroom, (1) three-bedroom, and (2) four-bedroom units, offering a strong blend of unit sizes that appeal to both owner-occupants and long-term rental demand. Constructed in 1908, the building showcases classic Chicago architecture with a prominent stone facade and turreted frontage, while offering functional interior layouts that provide significant upside through interior renovations and rent optimization. All units are currently leased on a month-to-month basis, presenting a clear path for a new owner to reposition the asset through strategic capital improvements or incremental rent growth. This property is in full compliance with the Northwest Preservation Ordinance. Positioned on Logan Boulevard, a historically significant, tree-lined thoroughfare, the property benefits from strong tenant demand, proximity to transit, and long-term appreciation drivers. There's an add-value opportunity to develop an additional garden unit in the rear of the building. This property is zoned RS-3 and is eligible for at least one ADU by right. Area currently has a bathroom and electric (buyer to verify zoning and compliance).
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$12,400/mo
Estimate only. Not a loan offer, pre-approval, or commitment to lend. Taxes, insurance, and HOA are estimates that may differ from actual figures. Contact a licensed lender for a personalized quote.
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Listed by Jack Doyle, Essex 312, LLC
MLS# MRD12652469 · Under Contract
History reflects records reported to the MLS and may be incomplete.