2904 S Wells Street
Chicago, IL, 60616
$1,080,000
14 Beds
7 Baths
0 SqFt
0.07 Acres
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MLS #MRD12614240 image #0
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.

Property Details

Price:
$1,080,000
MLS #:
MRD12614240
Status:
Active
Beds:
14
Baths:
7
Type:
Commercial
Neighborhood:
chiarmoursquare
Listed Date:
Apr 9, 2026
Year Built:
1885
Chi – Armour SquareChiarmoursquare

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Schools

Interior

Exterior

Stories
3

Financial

Net Operating Income
$53,720
Tax Year
2024
Taxes
$17,227

Map

Community

Market Summary

Current real estate data for Commercial in Chicago as of May 15, 2026
900
Commercial Listed
189
Avg DOM
$1,024,640
Avg List Price

Property Summary

    2904 S Wells Street Chicago IL is a Commercial for sale in Chicago, IL, 60616. It is listed for $1,080,000

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