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$1,550,000
34 Days On Site

740 N Wells Street
Chicago, IL 60654

For Sale|Mixed Use|Active
0
Beds
0
Total Baths
3,809
SqFt
$407
/SqFt
1938
Built
County:
Cook
Listing Courtesy of MRED as distributed by MLS Grid of @properties Christie's International Real Estate
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740 N Wells Street740 N Wells Street740 N Wells Street740 N Wells Street
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In the heart of Chicago's vibrant River North, 740 N Wells presents a once-in-a-generation mixed-use opportunity-an address destined to be someone's future found. This three-story masonry jewel offers 3,465 square feet of gross building area on a 2,321-square-foot DX-5 zoned lot, boasting over 21 feet of Wells Street frontage, dramatic floor-to-ceiling windows, and soaring 11-foot ceilings. On-site parking-practically unheard of in this location-accommodates three vehicles, with the possibility for a fourth. The ground-floor commercial space (1,155 sq ft), most recently home to the renowned Carl Hammer Gallery, offers an open, light-filled display area, rear storage, and a full washroom. Direct access to a full unfinished basement adds valuable storage or build-out flexibility, ideal for retail, gallery, restaurant, or showroom use. Separate street access leads to two upper-level loft residences, each bathed in natural light through expansive windows and enriched by vintage wood floors and impressive ceiling heights. Unit Two showcases a dramatic built-in bookcase, while Unit Three boasts a wood-burning fireplace and a mezzanine bedroom for added character and function. Both feature full kitchens and baths, making them prime for premium rental income or inspired owner-occupancy. Positioned steps from the highly anticipated The Lake private members' club-and surrounded by new luxury residences, premier dining, and Chicago's largest art gallery district-this property enjoys unmatched foot traffic, vehicular exposure, and neighborhood prestige. The property was previously divided into three separate condominium/property ID numbers, creating a rare opportunity to buy the entire building with all three units. With River North residential rents commanding top-tier rates, 740 N Wells offers substantial income potential alongside exceptional end-user appeal. For the discerning investor, operator, or visionary, this is more than an address-it's a rare prize in a world-class location, with the flexibility, visibility, and inherent value to define your next chapter.

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Listing Snapshot
Price 
$1,550,000
Days On Site 
34 Days
Bedrooms 
N/A
Inside Area (SqFt) 
3,809 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
N/A
Year Built 
1938
MLS® Number 
12464895
Status 
Active
Property Tax 
$36,894.71
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
4 weeks agoListing updated with changes from the MLS®
4 weeks agoStatus changed to Active
a month agoListing first seen on site
General Features
Additional Property Use 
OfficeMulti-FamilyRetail
Foundation 
Concrete Perimeter
Number Of Stories 
3
Property Sub Type 
Mixed Use
SqFt Total 
3809
Zoning 
OTHER
Interior Features
Cooling 
Central Air
Fireplace 
Yes
Fireplaces 
1
Flooring 
CarpetTerrazzoTileWood
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Exterior Features
Construction Details 
Brick
Community Features
MLS Area 
CHI - Near North Side
Township 
North Chicago
Listing Courtesy of MRED as distributed by MLS Grid of @properties Christie's International Real Estate



Based on information submitted to the MLS GRID as of 2025-10-14 02:22 PM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Last checked: 2025-10-14 02:22 PM UTC
MRED DMCA Copyright Information Copyright © 2025 Midwest Real Estate Data LLC. All rights reserved.

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Source: Walkscore
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