New Listing1723 W Foster Avenue,Chicago, IL 60640
Chicago, IL 60640
Description
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.
Details
| MLS # | 12761599 |
|---|---|
| Listing Type | For Sale |
| Style | Multi Family 5+ |
| Sub-Type | Resale |
| Status | Active |
| Year | 1923 |
| Days On Site | 4 |
| Listing Provided By | Baird & Warner | Peter Fotopoulos |
Features
| SQ Feet | 12,440 |
|---|---|
| Story(s) | 3 |
| Units | 6 |
| Zoning | MULTI |
| Acreage | 0.15 |
Interior
| Cooling | Central Individual |
|---|
Exterior
| Roof | Rubber |
|---|---|
| Foundation Details | Concrete Perimeter |
| Construction Materials | Brick, Concrete |
Utilities
| Utilities | Water Available |
|---|---|
| Electric | Circuit Breakers, Service - 201 to 600 Amps |
Taxes
| Tax Year | 2025 |
|---|---|
| Tax Annual Amount | 30109.25 |
Area Information
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60640 |
| Area | CHI Uptown |
| Listing VS Median (in 60640) | |
Price: $2,400,000 low | high Med: $193,800 sqft: 12,440 low | high Med: 850 $ / sqft: $193 low | high Med: $228 On site: 4 low | high Med: 17.5 | |
Market Activity 60640
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Learn More About This Property
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60640 |
| Area | CHI Uptown |
| Listing VS Median (in 60640) | |
Price: $2,400,000 low | high Med: $193,800 sqft: 12,440 low | high Med: 850 $ / sqft: $193 low | high Med: $228 On site: 4 low | high Med: 17.5 | |
 | $1,850,0004848 N Clark StreetChicago, IL 60640 |