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1723 W Foster Avenue
Chicago IL 60640 US

$2,400,000

Active Listing ID 12761599
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14 bed
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8.00 Bath (8 Full)
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Lot: 0.15 Acres
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Other

$2,400,000

Active Listing ID 12761599
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1723 W Foster Avenue Rare Andersonville/Lincoln Square Jumbo 6-Unit Investment Opportunity! Exceptionally spacious, condo-quality units, extensive improvements, and an outstanding location make this a truly special multi-family property. The building features four oversized 2-bedroom, 1-bathroom units plus two expansive 3-bedroom, 2-bathroom duplexes. All six units are fully rented, providing immediate income, while current rents offer an attractive opportunity for future upside. With many major improvements already completed, this is a turn-key investment ready for its next owner. These enormous units are filled with character and thoughtful details, including gorgeous crown molding, 6-inch baseboards, hardwood floors throughout, decorative fireplaces in the living rooms, and large separate dining rooms off the kitchens. Updated kitchens feature granite countertops, stainless steel appliances, and built-in hutches. All units feature central HVAC. The two duplex units offer in-unit side-by-side washers and dryers and large lower-level family rooms, providing exceptional additional living space. The four simplex units are served by convenient coin-operated laundry. The property has benefited from numerous improvements over the years, including a major update approximately 20 years ago and many additional updates within the past several years. Major capital improvements include a new tear-off roof approximately 2 years ago, rebuilt parapet walls, 400-amp electrical service, copper plumbing throughout, a 160-gallon high-efficiency water heater installed in 2014, and furnaces replaced approximately 5 years ago. The property also includes a 4-car brick garage with rebuilt trusses and a newer rubber roof. Ideally located between Andersonville and Ravenswood/Lincoln Square, the property is within easy walking distance of the vibrant Foster/Clark corridor, offering an outstanding selection of restaurants, cafes, shops, retail, and entertainment. Convenient access to public transportation and Lake Michigan further enhances this highly desirable location. A rare opportunity to acquire a jumbo 6-unit building with enormous, character-filled units, fully occupied apartments, below-market rents with potential for future growth, significant capital improvements, and a 4-car garage. A truly turn-key investment in one of Chicago's most sought-after neighborhoods.

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Property Features

  • Facts
  • Lot Size: 0.15 Acres
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Full Bathrooms: 8
  • Cooling System: Central Air
  • Roof Type: Rubber

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 2400000
  • unparsedaddress: 1723 W Foster Avenue
  • postalcity: Chicago
  • stateorprovince: IL
  • country: US
  • postalcode: 60640
  • bathroomsfull: 8
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.1492
  • lotsizeunits: Acres
  • lotsizearea: 0.1492
  • livingarea: 0
  • livingareaunits: Square Feet
  • latitude: 41.975854
  • longitude: -87.673089
  • listagentfullname: Peter Fotopoulos
  • listagentemail: peter.fotopoulos@bairdwarner.com
  • listagentkey: 3yd-MREDIL-158421
  • listagentmlsid: 158421
  • listagentpreferredphone: (312) 265-8000
  • listagentofficephone: 7739348898
  • listofficekey: 3yd-MREDIL-88717
  • listofficemlsid: 88717
  • 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: 1923
  • listingcontractdate: 2026-09-23
  • listagenturl: https://www.dreamtown.com
  • countyorparish: Cook
  • parcelnumber: 14074030070000
  • cooling: Central Air
  • constructionmaterials: Brick, Concrete
  • numberofunitstotal: 6
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 3
  • parkingtotal: 0
  • roof: Rubber
  • waterfrontyn: False
  • franchiseaffiliation: None
  • rooms: Bedroom 6, Bedroom 14, Bedroom 11, Bedroom 4, Bedroom 3, Bedroom 8, Bathroom 6, Bedroom 2, Bathroom 8, Bathroom 7, Bedroom 5, Bedroom 12, Bedroom 1, Bathroom 5, Bathroom 2, Bathroom 3, Bedroom 7, Bedroom 9, Bedroom 10, Bathroom 1, Bedroom 13, Bathroom 4
  • utilities: Water Available
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: False
  • internetconsumercommentyn: False
  • location: -87.67309, 41.975853
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Dream Town Realty", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"chat@dreamtown.com", "ListBrokerageCity":"Chicago", "ListBrokerageCountry":"US", "ListBrokerageEmail":"info@dreamtown.com", "ListBrokerageLogoUrl":"http://lh.rdcpix.com/8c9eb0811dae11e08ce200219b994c72k-c4274297656r.png", "ListBrokerageName":"Dream Town Realty", "ListBrokeragePhone":"(312) 265-8000", "ListBrokeragePostalCode":"60614", "ListBrokerageStateOrProvince":"IL", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"1950 North Sedgwick", "ListBrokerageWebsiteUrl":"https://www.dreamtown.com", "ListOfficeAddress1":"1950 N Sedgwick St ", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"88717", "ListOfficeCity":"Chicago", "ListOfficeCountry":"US", "ListOfficeEmail":"info@dreamtown.com", "ListOfficePostalCode":"60614", "ListOfficeStateOrProvince":"IL", "ListPriceCurrencyType":"USD", "ListingTitle":"Commercial Sale, Chicago, IL", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/1723-W-Foster-Ave-Apt-1_Chicago_IL_60640_M84711-55565?f=listhub&s=MREDIL&m=12761599&c=rexren", "MLSModificationTimestamp":"2026-09-23 22:14:03", "Neighborhoods":[{"Description":null, "Name":"CHI - Uptown"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":30109, "TaxDescription":null, "TaxYear":"2025"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 9/23/2026 11:43:44 PM GMT
Source Updated Date: 9/25/2026 12:54:57 PM GMT

Courtesy of: Peter Fotopoulos, Baird & Warner, peter.fotopoulos@bairdwarner.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.