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
See this Listing
Schools
Interior
Exterior
Stories
3
Financial
Tax Year
2024
Taxes
$17,227
Map
Community
- Address2904 S Wells Street Chicago IL
- CityChicago
- CountyCook
- Zip Code60616
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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Copyright 2026. All rights reserved.
2904 S Wells Street
Chicago, IL


