1421 W Chicago is a boutique seven-unit turn key mixed-use apartment building anchored by a new well-established restaurant, Gilda in the heart of West Town. The property presents a rare opportunity to acquire a stabilized fully renovated asset with diversified income, strong in-place tenancy, and long-term upside in a premier corridor location. Positioned directly along Chicago Avenue, the building benefits from exceptional visibility and immediate access to some of the neighborhood’s most sought-after dining, retail, and entertainment destinations, while remaining surrounded by the residential character and walkability that continues to drive demand throughout West Town/Noble Square. The residential component features seven thoughtfully designed apartment layouts with modern finishes and efficient floor plans that appeal to today’s renters. All units have washer and dryer in unit, stainless steel appliances and varying degrees of finish packages. Combined with the strength of the ground-floor commercial tenancy and all of the larger infrastructure upgrades , the asset offers investors a compelling blend of stable cash flow and future appreciation potential in one of Chicago’s most supply-constrained rental markets.
Property Details
Price:
$2,995,000
MLS #:
MRD12711342
Status:
Active
Beds:
9
Baths:
8
Type:
Commercial
Neighborhood:
chiwesttown
Listed Date:
Jul 21, 2026
Year Built:
1950
See this Listing
Schools
Interior
Cooling
Central Air
Exterior
Construction Materials
Brick
Stories
4
Financial
Maintenance Fee
$2,341
Tax Year
2024
Taxes
$31,516
Map
Community
- Address1421 W Chicago Avenue Chicago IL
- CityChicago
- CountyCook
- Zip Code60642
Market Summary
Current real estate data for Commercial in Chicago as of Oct 04, 2026
908
Commercial Listed
185
Avg DOM
$1,019,529
Avg List Price
Property Summary
- 1421 W Chicago Avenue Chicago IL is a Commercial for sale in Chicago, IL, 60642. It is listed for $2,995,000
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Copyright 2026. All rights reserved.
1421 W Chicago Avenue
Chicago, IL


