1509 North Sedgwick Street, Chicago, IL, 60610

$2,395,000

19

Beds

11

Baths

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.

Additional Information: This property is located in the CHI - Near North Side neighborhood, IL. This 19 bedrooms two to four units property is priced at $2,395,000.

Facts & Features

MLS® # 12427423
Price $2,395,000
Bedrooms 19
Bathrooms 11.00
Taxes $21,515
Acres 0.00
Year Built 1874
Type Residential Income
Sub-Type Two to Four Units
Status Active

Community Information

Address 1509 North Sedgwick Street
Area CHI - Near North Side
City Chicago
County Cook
State IL
Zip Code 60610

Amenities

Is Waterfront No
Has Pool No

Interior

Heating Natural Gas
Fireplace No
Has Basement Yes
Basement Partially Finished, Partial

Exterior

Exterior Masonite
Foundation Concrete Perimeter

School Information

District 299

Additional Information

Days on Market 76
Zoning MULTI
Foreclosure No
Short Sale No
RE / Bank Owned No
Taxes $21,515

Listing Details

OfficeStar Realty & Management
Contact Info312-371-2564

Listing Map

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