Properties

Address Map
US
IL
Cook
Chicago
60616
Wells
2904
Street
W88° 22' 0.4''
N41° 50' 27.4''
31st to Wells, north to address
CHI - Armour Square
CHI - Armour Square
S
S
MULTI
Additional Information
25X125
7
7
3
Kale Realty
QianKun Chen
Financial
17226.82
Listing Information
882869
86995
MRED
Listing Information
Active
2026-04-25T18:47:33Z
2026-04-15T05:05:43Z
Property Description

Excellent investment opportunity in the desirable neighborhood! This well-maintained multi-unit property features a total of 7 residential units , offering multiple streams of rental income. The front building includes a 3 bed/1 bath unit on the first floor, a 2 bed/1 bath unit on the second floor, and a 1 bed/1 bath unit on the third floor, while the rear building consists of three 2 bed/1 bath units. Additional income is generated from the coach house unit and parking space. The property is in solid condition, with 6 units featuring central heating and cooling and 1 unit equipped with central heat and window AC. Current rents are below market and have not been increased in years, presenting a strong value-add opportunity for investors to enhance cash flow through future rent adjustments. The versatile unit mix appeals to a wide tenant base and helps minimize vacancy. Conveniently located near transportation, restaurants, and local amenities, this is an ideal asset for both seasoned investors and those seeking stable long-term income.

Commercial Sale For Sale

2904 S Wells Street, Chicago, Illinois 60616

  • Lot Size: 0.07 Acre
$1,080,000
Listing ID#12614240
QR Code
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : 12614240
Price : $1,080,000
Year Built : 1885
Lot Size : 0.07 Acre
Listing Status : Active
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