1843 West Thomas Street

Chicago, IL 60622

$1,775,000
Price
37
Beds
24
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Beautifully Renovated 6-Unit Multi-Family in Prime Wicker Park Location This stunning 6-unit building in the heart of Wicker Park offers an incredible investment opportunity. Fully gut-rehabbed in 2016, no detail was overlooked-everything was updated, including plumbing, electric, HVAC systems, roof, tuckpointing, siding, and more. Each unit boasts condo-quality finishes, featuring granite countertops, stainless steel appliances, contemporary baths, hardwood floors, and subway tile backsplashes....Beautifully Renovated 6-Unit Multi-Family in Prime Wicker Park Location This stunning 6-unit building in the heart of Wicker Park offers an incredible investment opportunity. Fully gut-rehabbed in 2016, no detail was overlooked-everything was updated, including plumbing, electric, HVAC systems, roof, tuckpointing, siding, and more. Each unit boasts condo-quality finishes, featuring granite countertops, stainless steel appliances, contemporary baths, hardwood floors, and subway tile backsplashes. With individual HVAC systems and in-unit laundry for each residence, tenants enjoy modern conveniences alongside timeless charm. Spacious bedrooms and ample storage add to the property's appeal. This is a true turnkey investment-professionally managed with a proactive approach, allowing for seamless rent collection and potential for increased income. Unbeatable Wicker Park Location. Nestled in one of Chicago's most vibrant neighborhoods, this building is just steps from everything that makes Wicker Park so desirable. You're a short walk from the Blue Line El, Division Street's trendy bars, restaurants, and boutiques, and minutes from the expressways. Nearby, you'll also find popular shopping destinations, grocery stores, and parks. Wicker Park's rich cultural scene, combined with its proximity to downtown, ensures high demand from renters, making this property a solid investment in one of the city's hottest areas.
  1. Listed by Daniel Merrion • Coldwell Banker Realty

Property Details for 1843 West Thomas Street

Area
CHI - West Town
Township
West Chicago
Zoning
MULTI
LISTING UPDATED: 09/23/2024 12:30 AM

Property Details for 1843 West Thomas Street

StatusActive
MLS #12162877
Days on Market65
Taxes$17,904 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Flats
Year Built1889
Lot Size0.07 AC / 3,004 SF
CountyCook County

Building Information for 1843 West Thomas Street

Stories2Residences6Year Built1889Building Size-Lot Size0.07 AC / 3,004 SF

Property Information for 1843 West Thomas Street

General Information
Location and General Information
  • Information: List Broker Must Accompany,48-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Central Individual
  • Electric: Circuit Breakers, Separate Meters
  • # Of Washers: 6
  • Basement Description: Unfinished
  • Heat/Ventilation: Central Heat/Indiv Controls,Forced Air
  • # Of Refrigerators: 6
  • Washer/Dryer Lsd: No
  • # Of Dryers: 6
  • # Of Disposals: 6
  • # Of Dishwashers: 6
  • Num of Baths: 24.0
Property/Lot Information
  • Tenant Pays: Air Conditioning, Electricity, Heat
  • Built Before 1978: Yes
  • Approximate Age: New Rehab
  • Multi-Family Type: Flats
  • Lot Dimensions: 40X75
  • Lot Size Square Feet: 3004.0
  • Stories: 2
  • Exterior Building Type: Vinyl Siding
  • Construction: Concrete, Wood Frame
  • # Of Ranges: 6
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 11
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 6
Income & Expenses
  • Electric Expense: $480.00
  • Fuel Expense: $.00
  • Gross Income: $139,260.00
  • Gross Scheduled Income: $139,260.00
  • Insurance Expense: $3,582.00
  • Maintenance Expense: $.00
  • Electric Expense Source: Broker Projection
  • Expense Year: 2022
  • Total Annual Expense Source: Combination
  • Janitor Expense: 600
  • Other Expense Source: Combination
  • Total Monthly Income: 11605
  • Water Expense Source: Broker Projection
  • Net Operating Income: $111,142.00
  • Operating Expense: $28,118.00
  • Other Expense: $.00
  • Trash Expense: $2,352.00
  • Water Sewer Expense: $3,600.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 1
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 2
Unit 3
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 3
Unit 4
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 4
Unit 5
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 5
Unit 6
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 6
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 1843 West Thomas Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1843 West Thomas Street

Taxable ValueLand$21,000Additions$66,048Total$87,048
Tax Record2022$17,904 ($1,492 / month)
Home Facts
Baths6Total Finished SqFt4,242 SqFtAbove Grade Finished SqFt4,242 SqFtStories2Lot Size3,000 SqFtStyleMulti-Family Res (5+ Units)Year Built1888CountyCOOKAPN17-06-415-020

Schools near 1843 West Thomas Street

This home is within Chicago Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - PK to 8
Charter - 9 to 12
Rating
School
Distance
Pritzker Elementary School
PublicPK to 8

Wells Community Academy High School
Public9 to 12

Lasalle II Lang Acad Elementary School
PublicPK to 8

Rauner College Prep
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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1843 West Thomas Street is a multi-family home for sale in Chicago, IL 60622. This property was listed for sale on September 17, 2024 by Coldwell Banker Realty, it's currently listed at $1,775,000. It has been on the market for a total of 65 days and was last sold on May 16, 2016. This listing's school district is Chicago Public Schools. Nearby schools include Pritzker Elementary School, Wells Community Academy High School and Lasalle II Lang Acad Elementary School. 1843 West Thomas Street is a 37-bed, 24-bath, multi-family home built in 1889.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Realty

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 09/23/2024 12:30 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.