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1421 W Chicago Avenue
Chicago IL 60642 US

$2,995,000

Active Listing ID 12711342
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11 bed
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10.00 Bath (10 Full)
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Other

$2,995,000

Active Listing ID 12711342
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1421 W Chicago Avenue 1421 W Chicago is a boutique seven-unit turn key mixed-use apartment building anchored by a new well-established restaurant, Gilda in the heart of West Town. The property presents a rare opportunity to acquire a stabilized fully renovated asset with diversified income, strong in-place tenancy, and long-term upside in a premier corridor location. Positioned directly along Chicago Avenue, the building benefits from exceptional visibility and immediate access to some of the neighborhood's most sought-after dining, retail, and entertainment destinations, while remaining surrounded by the residential character and walkability that continues to drive demand throughout West Town/Noble Square. The residential component features seven thoughtfully designed apartment layouts with modern finishes and efficient floor plans that appeal to today's renters. All units have washer and dryer in unit, stainless steel appliances and varying degrees of finish packages. Combined with the strength of the ground-floor commercial tenancy and all of the larger infrastructure upgrades , the asset offers investors a compelling blend of stable cash flow and future appreciation potential in one of Chicago's most supply-constrained rental markets.

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Property Features

  • Facts
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Full Bathrooms: 10
  • Cooling System: Central Air

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 2995000
  • unparsedaddress: 1421 W Chicago Avenue
  • postalcity: Chicago
  • stateorprovince: IL
  • country: US
  • postalcode: 60642
  • bathroomsfull: 10
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeunits: Acres
  • livingarea: 0
  • livingareaunits: Square Feet
  • latitude: 41.895927
  • longitude: -87.663315
  • listagentfullname: Charlie Cohen
  • listagentemail: charlie.cohen@compass.com
  • listagentkey: 3yd-MREDIL-1012222
  • listagentmlsid: 1012222
  • listagentofficephone: 8472877791
  • listofficekey: 3yd-MREDIL-87291
  • listofficemlsid: 87291
  • disclaimer: Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: MREDIL
  • yearbuilt: 1950
  • listingcontractdate: 2026-07-21
  • listagenturl: https://www.compass.com/
  • countyorparish: Cook
  • parcelnumber: 17081020070000
  • cooling: Central Air
  • constructionmaterials: Brick
  • numberofunitstotal: 8
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 4
  • parkingtotal: 0
  • waterfrontyn: False
  • franchiseaffiliation: None
  • rooms: Bedroom 1, Bedroom 5, Bathroom 8, Bathroom 5, Bathroom 3, Bathroom 4, Bathroom 1, Bathroom 7, Bathroom 6, Bedroom 2, Bedroom 4, Bathroom 10, Bedroom 11, Bedroom 6, Bathroom 2, Bedroom 8, Bedroom 7, Bathroom 9, Bedroom 3, Bedroom 10, Bedroom 9
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -87.663315, 41.895927
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Compass", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"charlie.cohen@compass.com", "ListBrokerageCity":"Chicago", "ListBrokerageCountry":"US", "ListBrokerageEmail":null, "ListBrokerageLogoUrl":null, "ListBrokerageName":"Compass", "ListBrokeragePhone":null, "ListBrokeragePostalCode":"60657", "ListBrokerageStateOrProvince":"IL", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"3033 N Clark St", "ListBrokerageWebsiteUrl":"https://www.compass.com/", "ListOfficeAddress1":"2350 N. Lincoln Ave ", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"87291", "ListOfficeCity":"Chicago", "ListOfficeCountry":"US", "ListOfficeEmail":null, "ListOfficePostalCode":"60614", "ListOfficeStateOrProvince":"IL", "ListPriceCurrencyType":"USD", "ListingTitle":"MULTI_FAMILY - Chicago, IL", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/1421-W-Chicago-Ave_Chicago_IL_60642_M91797-32341?f=listhub&s=MREDIL&m=12711342&c=rexren", "MLSModificationTimestamp":"2026-07-22 02:36:03", "Neighborhoods":[{"Description":null, "Name":"CHI - West Town"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":31516, "TaxDescription":null, "TaxYear":"2024"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 7/22/2026 2:46:51 AM GMT
Source Updated Date: 7/26/2026 12:50:39 AM GMT

Courtesy of: Charlie Cohen, Compass, charlie.cohen@compass.com

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.