Properties

Features
: Window Unit(s) , Wall Sleeve
Address Map
US
IL
Cook
Wheeling
60090
7th
269
Street
W88° 4' 50.4''
N42° 8' 37.8''
Dundee and Wolf, north to Strong west to 7th
Wheeling
Wheeling
MULTI
Additional Information
5796
: Brick
: Multi-Family
100 x 131
6
6
3
Berkshire Hathaway HomeServices Chicago
Carla Visoky
Financial
21511.56
Listing Information
40014
3754
MRED
Listing Information
Contingent
2026-05-12T20:15:04Z
2026-05-12T20:14:34Z
Property Description

Welcome to 269 7th Street, Wheeling-an exceptional opportunity to own a well-maintained, all-brick six-unit multi-family building in a highly desirable location. This investment property features three 2-bedroom/1-bath units and three 1-bedroom/1-bath units, all currently occupied, providing immediate income. Value-add potential is a key highlight, as current rents are below market. With two month-to-month tenancies and two below-market leases approaching renewal, the next owner has the opportunity to increase rents and make updates or enhancements at their discretion. Interiors vary in updates but all units feature durable wood laminate flooring. Additional income is generated through a coin-operated laundry in the basement. The property also offers 14 parking spaces, with a newly repaved driveway in 2025. Per owner, major mechanicals include a boiler replaced in approximately 2024, water heaters approximately 5-6 years old, and a roof approximately 10-15 years old. Ideally located in one of Wheeling’s most accessible and walkable neighborhoods, on a quiet dead-end street with a mix of residential homes, including single-family properties, the building is just minutes from shopping, dining, the Wheeling Park District, and the vibrant Wheeling Town Center. It is also near the well-known Restaurant Row along Milwaukee Avenue, a historic and popular dining destination. With solid construction, strong tenancy, and clear upside potential, this property is ideal for both seasoned investors and those looking to grow their portfolio. Rare opportunity in today’s low-inventory market-don’t miss your chance to capitalize on this income-generating asset.

Commercial Sale For Sale

269 7th Street, Wheeling, Illinois 60090

  • Lot Size: 0.30 Acre
$1,150,000
Listing ID#12623476
QR Code
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : 12623476
Price : $1,150,000
Year Built : 1979
Lot Size : 0.30 Acre
Listing Status : Active Under Contract
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