Welcome to 269 7th Street, Wheeling-an exceptional opportunity to own a well-maintained, all-brick six-unit multi-family building in a highly desirable location. This investment property features three 2-bedroom/1-bath units and three 1-bedroom/1-bath units, all currently occupied, providing immediate income. Value-add potential is a key highlight, as current rents are below market. With two month-to-month tenancies and two below-market leases approaching renewal, the next owner has the opportunity to increase rents and make updates or enhancements at their discretion. Interiors vary in updates but all units feature durable wood laminate flooring. Additional income is generated through a coin-operated laundry in the basement. The property also offers 14 parking spaces, with a newly repaved driveway in 2025. Per owner, major mechanicals include a boiler replaced in approximately 2024, water heaters approximately 5-6 years old, and a roof approximately 10-15 years old. Ideally located in one of Wheeling’s most accessible and walkable neighborhoods, on a quiet dead-end street with a mix of residential homes, including single-family properties, the building is just minutes from shopping, dining, the Wheeling Park District, and the vibrant Wheeling Town Center. It is also near the well-known Restaurant Row along Milwaukee Avenue, a historic and popular dining destination. With solid construction, strong tenancy, and clear upside potential, this property is ideal for both seasoned investors and those looking to grow their portfolio. Rare opportunity in today’s low-inventory market-don’t miss your chance to capitalize on this income-generating asset.
Property Details
Price:
$1,150,000
MLS #:
MRD12623476
Status:
Active Under Contract
Beds:
9
Baths:
6
Type:
Commercial
Neighborhood:
wheeling
Listed Date:
Apr 22, 2026
Total Sq Ft:
5,796
Lot Size:
13,200 sqft / 0.30 acres (approx)
Year Built:
1979
See this Listing
Schools
Interior
Cooling
Wall Sleeve, Window Unit(s)
Exterior
Construction Materials
Brick
Stories
3
Financial
Maintenance Fee
$1,000
Tax Year
2024
Taxes
$21,512
Map
Community
- Address269 7th Street Wheeling IL
- CityWheeling
- CountyCook
- Zip Code60090
Market Summary
Current real estate data for Commercial in Wheeling as of Jun 13, 2026
8
Commercial Listed
291
Avg DOM
$2,650,750
Avg List Price
Property Summary
- 269 7th Street Wheeling IL is a Commercial for sale in Wheeling, IL, 60090. It is listed for $1,150,000
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Copyright 2026. All rights reserved.
269 7th Street
Wheeling, IL


