Prime Land Value Opportunity - RT4 Zoning! Exceptional investment potential on this 24' x 124.29' lot, located outside of the Chicago Historic Preservation Ordinance-offering maximum redevelopment flexibility. Zoned RT4 with the ability to build two new units. Recent area condo sales are exceeding $700K! Currently, the property includes four 1-bedroom units-two in a front brick building and two in a rear frame coach house. Major renovation needed (gut job) for experienced rehabbers only. All units are long-term tenant-occupied on a month-to-month basis and generate $3,500/month in rental income. Additional highlights: Front building has a new roof All units equipped with central heat Sold AS-IS. The seller will not make any repairs or improvements. Located in a vibrant neighborhood with easy access to public transportation and blocks from the trendy shops and restaurants along Division and California.
Contingent
$469,000
2431 W Thomas St, Chicago, IL 60622
4beds
--sqft
Est.:
Multi Family
Built in 1882
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Central heat
- 22 days
- on Zillow |
- 337 |
- 4 |
Zillow last checked: 7 hours ago
Listing updated: July 01, 2025 at 02:07am
Listing courtesy of:
Anna Gutkowska 312-254-0200,
@properties Christie's International Real Estate
Source: MRED as distributed by MLS GRID,MLS#: 12406071

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Natural Gas, Forced Air
Features
- Basement: None
Property
Lot
- Size: 2,982.96 Square Feet
- Dimensions: 24X124.29
Details
- Parcel number: 16014110120000
- Zoning: MULTI
- Special conditions: List Broker Must Accompany
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Aluminum Siding, Brick
- Roof: Asphalt,Flat
Condition
- New construction: No
- Year built: 1882
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Chicago
Financial & listing details
- Annual tax amount: $14,545
- Date on market: 6/28/2025
- Ownership: Fee Simple
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