About 1509 North Sedgwick Street
Incredible investment opportunity in the heart of Old Town, just steps from the vibrant bars, restaurants, and shops of Wells Street. This oversized 3-flat spans over 7,000 square feet across five levels, offering exceptionally large units and tremendous income potential. The property features three expansive apartments: an 8-bedroom, 7-bedroom, and 4-bedroom unit-perfect for an Airbnb operator or savvy investor. Currently, two units are leased as long-term rentals, while the 8-bedroom unit operates as a highly successful short-term rental, generating nearly $180K in annual gross revenue. Fully gut-renovated in 2018 with all new systems, finishes, and mechanicals, this turnkey building requires no updates and is ready for continued operation. Whether you're looking to maximize income through short-term rentals or secure long-term tenants, this property offers unmatched flexibility and cash flow in one of Chicago's most desirable neighborhoods.
Features of 1509 North Sedgwick Street
MLS® # | 12427423 |
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Price | $2,350,000 |
Bedrooms | 19 |
Bathrooms | 11.00 |
Acres | 0.00 |
Year Built | 1874 |
Type | Residential Income |
Sub-Type | Two to Four Units |
Status | Active |
Community Information
Address | 1509 North Sedgwick Street |
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Area | CHI - Near North Side |
City | Chicago |
County | Cook |
State | IL |
Zip Code | 60610 |
Amenities
Is Waterfront | No |
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Has Pool | No |
Interior
Heating | Natural Gas |
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Fireplace | No |
Has Basement | Yes |
Basement | Partially Finished, Partial |
Exterior
Exterior | Masonite |
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Foundation | Concrete Perimeter |
School Information
District | 299 |
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Additional Information
Days on Market | 87 |
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Zoning | MULTI |
Foreclosure | No |
Short Sale | No |
RE / Bank Owned | No |
Listing Details
Office | Star Realty & Management |
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Contact Info | 312-371-2564 |