1509 Sedgwick Street, Near North Side, Chicago, Illinois 60610
$2,350,000
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For Sale
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| Status: | Active |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 19 |
| Baths: | 0 |
| Year Built: | 1874 |
| Property Taxes: | $21,515 |
| Days On Market: | 89 |
| Lot Size: | 0,00 |
Description
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.
Property Specifics
| Multi-unit | |
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| 1874 | |
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| No | |
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| Cook | |
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| 12427423 | |
| 17042000130000 |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| — | Last price change | $2,395,000 | MRED MLS |
| 29 Jul, 2025 | Listed for sale | $2,495,000 | MRED MLS |
Room Specifics
Total Bedrooms: 19
Bedrooms Above Ground: 19
Bedrooms Below Ground: 0
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Full Bathrooms: 11
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Other Specifics
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| 2550 | |
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| Not in DB | |
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Tax History
| Year | Property Taxes |
|---|---|
| — | $21,515 |
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Listing Provided By
Star Realty & Management
