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1629-1631 W Estes Avenue
Chicago IL 60626 US

$2,225,000

Active Listing ID 12793794
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13 bed
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10.00 Bath (10 Full)
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Lot: 0.20 Acres
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Other

$2,225,000

Active Listing ID 12793794
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1629-1631 W Estes Avenue Fully leased East Rogers Park investment opportunity with projected annual income of approximately $211, 200, projected NOI of approximately $151, 424 and an approximate 6.81 cap rate at the $2, 225, 000 asking price. The recently renovated 2-bedroom is now leased at $2, 550/month including $100/month for parking ($2, 450 apartment rent + $100 parking). Its renovation brings it to a condition comparable to eight of the other units. The four other occupied 2-bedroom apartment rents are $1, 700, $2, 000, $2, 000 and $2, 100; one of the $2, 000 units also has a separate $100/month parking charge. The newly achieved $2, 450 apartment rent strongly indicates that several existing rents remain materially below the rent level now demonstrated at the property. The other 9 occupied units remain month-to-month. Importantly, the current pro forma uses rents actually in place today and includes no additional rent increases on those units; any future rent growth is additional upside. Well-maintained and substantially updated vintage 10-unit property consisting of a classic front 8-flat plus a rear 2-unit coach house. Unit mix includes 5 two-bedroom/1-bath apartments, 3 one-bedroom/1-bath apartments and 2 studio/1-bath units. Nine of the ten kitchens have been renovated with newer cabinetry and stainless-steel appliances; seven have granite countertops. Tenants pay their own gas heat and electricity, and 7 of the 10 units have central air. Additional features include replacement windows, lovingly preserved original architectural character, large decks, a beautiful backyard, basement coin laundry with 3 washers and 3 dryers, and remote-controlled gated parking with 3 legal spaces, including one tandem space, accommodating 4 cars total. Approximately 3 blocks from Lake Michigan with convenient access to public transportation, shopping, dining and neighborhood amenities.

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Property Features

  • Facts
  • Lot Size: 0.20 Acres
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Full Bathrooms: 10
  • Cooling System: Central Air
  • Additional Features
  • Basement

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 2225000
  • unparsedaddress: 1629-1631 W Estes Avenue
  • postalcity: Chicago
  • stateorprovince: IL
  • country: US
  • postalcode: 60626
  • bathroomsfull: 10
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.2
  • lotsizeunits: Acres
  • lotsizearea: 0.2
  • livingarea: 0
  • livingareaunits: Square Feet
  • latitude: 42.011123
  • longitude: -87.671362
  • listagentfullname: Jeffrey Cobb
  • listagentemail: jeff@jeffcobbsells.com
  • listagentkey: 3yd-MREDIL-159202
  • listagentmlsid: 159202
  • listagentpreferredphone: (630) 929-1100
  • listagentofficephone: 7082030800
  • listofficekey: 3yd-MREDIL-16636
  • listofficemlsid: 16636
  • 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: 1917
  • listingcontractdate: 2026-10-26
  • listagentfax: 7088765962
  • listagenturl: http://CharlesRutenbergRE.com
  • countyorparish: Cook
  • parcelnumber: 11312080060000
  • cooling: Central Air
  • constructionmaterials: Brick, Wood, Frame
  • numberofunitstotal: 10
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 3
  • parkingtotal: 0
  • waterfrontyn: False
  • franchiseaffiliation: None
  • rooms: Bathroom 4, Basement, Bedroom 10, Bedroom 12, Bathroom 1, Bedroom 9, Bedroom 11, Bedroom 6, Bathroom 9, Bedroom 4, Bathroom 2, Bathroom 3, Bathroom 7, Bedroom 1, Bedroom 13, Bedroom 2, Bathroom 6, Bedroom 5, Bedroom 8, Bathroom 10, Bathroom 5, Bedroom 7, Bathroom 8, Bedroom 3
  • basement: Partially Finished
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: False
  • internetconsumercommentyn: False
  • location: -87.671364, 42.011124
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Charles Rutenberg Realty", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"jeff@jeffcobbsells.com", "ListBrokerageCity":"Naperville", "ListBrokerageCountry":"US", "ListBrokerageEmail":"listhub@crrchicago.com", "ListBrokerageLogoUrl":"http://lh.rdcpix.com/fd0e02d1711511df9eba00219b994c72k-c813567080r.png", "ListBrokerageName":"Charles Rutenberg Realty", "ListBrokeragePhone":"(630) 929-1100", "ListBrokeragePostalCode":"60563", "ListBrokerageStateOrProvince":"IL", "ListBrokerageUnitNumber":"#150", "ListBrokerageUnparsedAddress":"1733 Park", "ListBrokerageWebsiteUrl":"http://CharlesRutenbergRE.com", "ListOfficeAddress1":"Corporate Office ", "ListOfficeAddress2":"#150", "ListOfficeBrokerMlsId":"16636", "ListOfficeCity":"Naperville", "ListOfficeCountry":"US", "ListOfficeEmail":"listhub@crrchicago.com", "ListOfficePostalCode":"60564", "ListOfficeStateOrProvince":"IL", "ListPriceCurrencyType":"USD", "ListingTitle":"Commercial Sale, Chicago, IL", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/1631-W-Estes-Ave_Chicago_IL_60626_M71853-31485?f=listhub&s=MREDIL&m=12793794&c=rexren", "MLSModificationTimestamp":"2026-11-01 05:06:31", "Neighborhoods":[{"Description":null, "Name":"CHI - Rogers Park"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":14826, "TaxDescription":null, "TaxYear":"2025"}], "UnitNumber":null, "UnparsedAddress":null}
  • GarageSpaces: 0
Listing Changed: 11/1/2026 5:17:46 AM GMT
Source Updated Date: 11/5/2026 12:58:06 AM GMT

Courtesy of: Jeffrey Cobb, Charles Rutenberg Realty, jeff@jeffcobbsells.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.