Chicago, IL 60613 1116 W Addison Street

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Presented By: Compass
  • MLS# 12408879
  • 07/08/2025
  • Request Tour
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  • Beds • 7
  • Full/Half Baths • 7 / 1

Home Details

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.
Presented By: Compass

Interior Features for 1116 W Addison Street

Bedrooms

Bedrooms Possible7
Total Bedrooms7

Bathrooms

BathroomDouble Sink
Full Baths Building6
Half Baths Building1
Total Baths7

Other Interior Features

BasementFinished, Exterior Entry, Concrete, Rec/Family Area, Storage Space, Full, Daylight
Total Number of Units3

General for 1116 W Addison Street

Additional Parcels Y/NNo
CityChicago
Community FeaturesPark, Gated, Sidewalks, Street Lights, Street Paved
Construction MaterialsBrick, Limestone
CountyCook
DirectionsNorth on Clark to Addison, West to property; 1116 on North side of the street.
Elementary SchoolBlaine Elementary School
Elementary School District299
Gross Income147948
HeatingNatural Gas, Forced Air
High School District299
Insurance Expense4473
MLS AreaCHI - Lake View
Maintenance Expense1800
Middle/Junior School District229
ModificationTimestamp2025-07-08T21:41:01.619Z
Net Operating Income116048
New ConstructionNo
OwnershipFee Simple
PossessionClosing
Property TypeResidential Income
Property TypeTwo to Four Units
SewerPublic Sewer
Standard StatusActive
StatusNew
Tax Annual Amount23947.38
Tax Year2023
Total Rooms17
TownshipLake View
Water Sewer Expense1080
Year Built1996

Exterior for 1116 W Addison Street

Lot Dimensions25 X 125
Other EquipmentCO Detectors
Parking FeaturesOff Alley, Alley Access, On Site, Owned
Total Parking6
Water SourceLake Michigan
Waterfront Y/NNo

Additional Details

Price History

Schools

Elementary School Blaine Elementary School
High School N/A
Middle School N/A

Client Care

Price $2,195,000
MLS#12408879
List Date 07/08/2025
Property Type Multi-Family
Phone 847.485.2500
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