2641 W THOMAS Street Chicago IL 60622 MLS #MRD12400444

Classic Brick 3-Flat in East Humboldt Park – Solid Income, Strategic Updates, and Expansion Potential Beautiful turn-of-the-century Victorian 3-flat located just south of Division Street in East Humboldt Park. This legal 3-unit brick walk-up combines vintage charm, key system upgrades, and strong long-term potential-perfect for investors, developers, or owner-occupants looking to add value or convert under RT-4 zoning. Each of the three units offers 2 bedrooms and 1 bathroom, high 10 ft. ceilings, hardwood floors, and central heat. The top-floor unit has been thoughtfully renovated with updated kitchen and bath, new drywall, central AC, in-unit laundry, and refreshed finishes. Unit 2 was improved with new appliances, updated mechanicals, and cosmetic upgrades. Unit 1 retains its original finishes and offers clear value-add potential. Major building improvements include new rear porches (engineered to support an additional floor and roof deck), roof reseal, upgraded 200-amp electrical service, new front and rear windows and doors, new furnaces in all units, and a restored front entry and interior staircase. A brand new 3-car parking pad is being added, offering off-street parking and increasing rental desirability and convenience. Current annual rental income is $60,660 across staggered leases, with room for upside through rent adjustments and further renovations. Full unfinished basement offers storage or expansion potential. The deep 3,125 sq ft RT-4 lot with large backyard allows room for a garage or ADU addition (buyer to confirm with City of Chicago). Located on a quiet tree-lined street near Humboldt Park, Wicker Park, Bucktown, the 606 Trail, Blue Line CTA, Metra, Mariano’s, and Division Street retail. A prime West Town location with strong rental demand and long-term value growth.