(773) 998-2401
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$1,825,000
22 Days On Site

1947 W Chicago Avenue
Chicago, IL 60622

For Sale|Multi Family|Active Under Contract
0
Beds
0
Total Baths
1894
Built
County:
Cook
Listing Courtesy of MRED as distributed by MLS Grid of Triton Realty Group LLC
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(773) 998-2401
1947 W Chicago Avenue1947 W Chicago Avenue1947 W Chicago Avenue1947 W Chicago Avenue
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Triton is pleased to offer for sale 1947 W. Chicago Ave., a six (6) unit mixed-use investment property located in the heart of Chicago's desirable West Town neighborhood. This offering presents an investor the opportunity to acquire a renovated, stabilized asset with an attractive and diversified income stream. The building features five (5) apartments and one (1) ground floor retail space. The retail space is currently leased to the West Town Chicago Chamber of Commerce through Feb 2029 and houses local small businesses, providing immediate and stable cash flow.. The current vendor is Marci Maxine Vintage + Art Studio. The apartment unit mix has four (4) 1-bedroom / 1-bath apartments and one (1) 3-bedroom / 2-bath penthouse apartment. Each unit features separate tenant paid electric, HVAC, in-unit washer and dryer and well laid out floor plans. 1947 W. Chicago sits a vibrant prime West Town location, a neighborhood known as a cultural hub with premier shopping and dining options. The Neighborhood's diverse history, brought by the various sub neighborhoods it encompasses (including East Village, Ukrainian Village, and Wicker Park, among others), has contributed to its unique character. The property is ideally positioned directly on bustling Chicago Avenue with cross street Damen Avenue, providing excellent visibility and foot traffic for the retail tenant, and offering residents convenient access to all the neighborhood has to offer. The location also benefits from close proximity to public transportation, offering seamless connectivity throughout Chicago. An investor has the opportunity to acquire a renovated asset with rental upside in existing condition. While the property currently provides a stable income, there is potential to increase rents on the residential units through cosmetic renovations. The desirable location and evolving neighborhood dynamics provide a strong foundation for future rental growth and capital appreciation.

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Listing Snapshot
Price 
$1,825,000
Days On Site 
22 Days
Bedrooms 
N/A
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
N/A
Year Built 
1894
MLS® Number 
12477829
Status 
Active Under Contract
Property Tax 
$26,714
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
a week agoListing updated with changes from the MLS®
a week agoStatus changed to Active Under Contract
3 weeks agoListing first seen on site
General Features
Number Of Stories 
3
Property Sub Type 
Multi Family
Zoning 
COMMR
Interior Features
Cooling 
Central Air
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Exterior Features
Construction Details 
Brick
Community Features
MLS Area 
CHI - West Town
Listing Courtesy of MRED as distributed by MLS Grid of Triton Realty Group LLC



Based on information submitted to the MLS GRID as of 2025-10-16 06:18 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: 2025-10-16 06:18 PM UTC
MRED DMCA Copyright Information Copyright © 2025 Midwest Real Estate Data LLC. All rights reserved.

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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