Incredible investment opportunity in the heart of Old Town, just steps from the vibrant bars, restaurants, and shops of Wells Street. This oversized 3-flat spans over 7,000 square feet across five levels, offering exceptionally large units and tremendous income potential. The property features three expansive apartments: an 8-bedroom, 7-bedroom, and 4-bedroom unit-perfect for an Airbnb operator or savvy investor. Currently, two units are leased as long-term rentals, while the 8-bedroom unit operates as a highly successful short-term rental, generating nearly $180K in annual gross revenue. Fully gut-renovated in 2018 with all new systems, finishes, and mechanicals, this turnkey building requires no updates and is ready for continued operation. Whether you're looking to maximize income through short-term rentals or secure long-term tenants, this property offers unmatched flexibility and cash flow in one of Chicago's most desirable neighborhoods.
Active
Price cut: $45K (10/14)
$2,350,000
1509 N Sedgwick St, Chicago, IL 60610
19beds
--sqft
Est.:
Multi Family
Built in 1874
-- sqft lot
$2,245,000 Zestimate®
$--/sqft
$-- HOA
What's special
Expansive apartmentsExceptionally large units
- 83 days |
- 1,020 |
- 40 |
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