1116 W Addison Street
Chicago, IL, 60613
$2,195,000
7 Beds
7 Baths
0 SqFt
0 Acres
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$2,195,000
1116 W Addison Street
Chicago, IL, 60613
MLS #MRD12408879 image #0MLS #MRD12408879 image #1MLS #MRD12408879 image #2MLS #MRD12408879 image #3MLS #MRD12408879 image #4MLS #MRD12408879 image #5MLS #MRD12408879 image #6MLS #MRD12408879 image #7MLS #MRD12408879 image #8MLS #MRD12408879 image #9MLS #MRD12408879 image #10MLS #MRD12408879 image #11MLS #MRD12408879 image #12MLS #MRD12408879 image #13MLS #MRD12408879 image #14MLS #MRD12408879 image #15MLS #MRD12408879 image #16MLS #MRD12408879 image #17MLS #MRD12408879 image #18MLS #MRD12408879 image #19MLS #MRD12408879 image #20MLS #MRD12408879 image #21MLS #MRD12408879 image #22MLS #MRD12408879 image #23MLS #MRD12408879 image #24MLS #MRD12408879 image #25MLS #MRD12408879 image #26MLS #MRD12408879 image #27MLS #MRD12408879 image #28MLS #MRD12408879 image #29MLS #MRD12408879 image #30MLS #MRD12408879 image #31MLS #MRD12408879 image #32MLS #MRD12408879 image #33MLS #MRD12408879 image #34MLS #MRD12408879 image #35MLS #MRD12408879 image #36MLS #MRD12408879 image #37MLS #MRD12408879 image #38MLS #MRD12408879 image #39MLS #MRD12408879 image #40MLS #MRD12408879 image #41MLS #MRD12408879 image #42MLS #MRD12408879 image #43MLS #MRD12408879 image #44MLS #MRD12408879 image #45MLS #MRD12408879 image #46MLS #MRD12408879 image #47MLS #MRD12408879 image #48MLS #MRD12408879 image #49MLS #MRD12408879 image #50MLS #MRD12408879 image #51
Prime Lakeview location just steps from iconic Wrigley Field! This beautifully renovated 3-flat offers a rare opportunity to own a turnkey, income-generating property in one of Chicago’s most sought-after neighborhoods. Extensively rebuilt in 2020, the building features three spacious units with modern finishes and thoughtful design throughout. Each unit offers open layouts filled with natural light, tall ceilings, and new hardwood flooring (with carpet in the lower level of Unit 1). Kitchens have been fully updated with new appliances, abundant cabinetry, and built-in storage, while the bathrooms showcase stylish new tile, vanities, and fixtures. Custom touches like shiplap ceilings, updated lighting, and built-ins add charm and character. All units include in-unit laundry, large bedrooms, generous closets, and additional storage. The lower level features private storage rooms for each unit along with shared bike storage. Brand-new rear decks provide ample space for outdoor dining and entertaining, and the property offers three rows of tandem parking (six spaces total), giving each unit its own designated parking row. The building’s exterior boasts classic brick and stonework with a fenced front yard for added appeal. This property has been impeccably maintained by the same owner since 1996 and has never experienced a vacancy outside of the renovation period. Located in the highly rated Blaine School District and within walking distance to Wrigley, the Southport Corridor, restaurants, nightlife, public transit, and countless neighborhood amenities, this is a rare and valuable investment in the heart of Lakeview.

Property Details

Price:
$2,195,000
MLS #:
MRD12408879
Status:
Active Under Contract
Beds:
7
Baths:
7
Type:
Multi Family
Neighborhood:
CHI – Lake View
Listed Date:
Jul 8, 2025
Year Built:
1996
Chi – Lake ViewChi – Lake ViewBlaine Elementary School

Schools

School District:
299
Elementary School:
Blaine Elementary School

Interior

Heating
Natural Gas, Forced Air

Exterior

Community Features
Park, Gated, Sidewalks, Street Lights, Street Paved
Construction Materials
Brick, Limestone
Parking Features
Off Alley, Alley Access, On Site, Owned
Parking Spots
6

Financial

Maintenance Fee
$1,800
Net Operating Income
$116,048
Tax Year
2023
Taxes
$23,947
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Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.

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Current real estate data for Multi Family in Chicago as of Sep 11, 2025
1,533
Multi Family Listed
80
Avg DOM
$501,364
Avg List Price

Community

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Property Summary

    1116 W Addison Street Chicago IL is a Multi Family for sale in Chicago, IL, 60613. It is listed for $2,195,000 To schedule a showing of MLS#mrd12408879 at 1116 W Addison Street in Chicago, IL, contact your Compass / The Debra Dobbs Group agent at 3123074909.
1116 W Addison Street
Chicago, IL