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$ 1,950,000
Est. payment /mo
Active
1253 N Rockwell Street Chicago, IL 60622
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12300990
Year Built 1896
Annual Tax Amount $13,315
Tax Year 2023
Lot Dimensions 30X126
Property Sub-Type Multi Family 5+
Property Description
Introducing 1253 N. Rockwell, a high-potential multifamily investment property in Chicago's East Humboldt/Wicker Park neighborhood. This 7-unit vintage building presents a rare opportunity for real estate investors seeking strong cash flow and long-term appreciation in one of the city's most dynamic rental markets. The property consists of five spacious 2 bed/2 bath units and two 1 bed/1 bath units, all featuring modern updates, in-unit laundry, hardwood floors, and large windows-highly desirable amenities for today's renters. With current rents significantly below market value, there is substantial potential to increase rental income through strategic rent adjustments and property enhancements. Situated just steps from trendy restaurants, grocery stores, nightlife, and public transportation, including the #70 Division bus at Rockwell, this location ensures strong tenant demand. Additionally, its proximity to Humboldt Park offers an added lifestyle perk, attracting renters who value access to green space. This turnkey investment combines immediate value-add potential with a desirable unit mix, a prime Chicago location, and steady rental income, making it a smart choice for investors looking to capitalize on the booming multifamily market.
Location
State IL
County Cook
Zoning MULTI
Interior
Cooling Central Air
Fireplace Y
Exterior
View Y/N true
Building
Foundation Concrete Perimeter
Structure Type Brick,Concrete,Stone
Others
HOA Fee Include None
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Gia Devenyi • Jameson Sotheby's Intl Realty