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0 Beds

$2,995,000

1421 W Chicago Avenue, Chicago IL, 60642

Built in1950
Property typeMulti-family
Listed by Charlie Cohen with Compass 847-287-7791

Overview

Active

Listed Jul 21, 2026

Updated 2 days ago

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.

$19,926/mo

Est. mortgage payment based on a $2,995,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Other Property Details

Taxes
$31,516
Tax Frequency
Annually
Maintenance Expense
$2,341
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Listed by Charlie Cohen with Compass 847-287-7791

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Data is refreshed every 3 hours. Listing last updated 5:07 AM UTC on 9/19/2026. 

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