$2,495,000
1509 N Sedgwick Street
Chicago, IL, 60610
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.
Property Details
Price:
$2,495,000
MLS #:
MRD12427423
Status:
Active
Beds:
19
Baths:
11
Address:
1509 N Sedgwick Street
Type:
Multi Family
Neighborhood:
CHI – Near North Side
City:
Chicago
Listed Date:
Jul 30, 2025
State:
IL
ZIP:
60610
Year Built:
1874
Schools
School District:
299
Interior
Heating
Natural Gas
Exterior
Construction Materials
Masonite
Financial
Tax Year
2023
Taxes
$21,515
Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.
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1509 N Sedgwick Street
Chicago, IL
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