Chicago, IL 60647 1640 N Talman Avenue
$1,399,888



12 more












Presented By: Forza Advantage Realty
Home Details
Incredible opportunity to own a fully rebuilt 4-unit building bordering Chicago's West Town and Humboldt Park just one block from the 606 Trail. Perfect for an owner-occupant or investor, this 2021 complete gut renovation with new roof, gutters, drain tile waterproofing, all-new electrical, plumbing, HVAC, and luxury finishes throughout. Each of the four 2 bed, 2 bath units is equipped with in-unit laundry, stainless steel appliances, individual furnaces, hot water heaters, and central air. The two first-floor units are duplex-downs, while the upper floors are spacious simplexes. Tenants pay utilities: Gas & Electricity. A new concrete parking pad in the rear provides three parking spaces, along with brand-new steel and wood decking creating an inviting outdoor space for dining, relaxing, or entertaining. Just steps away, the 606 Trail offers a vibrant example of urban reuse-transforming an old rail line into an elevated green-way that connects several neighborhoods through miles of trails, parks, and public art, promoting a healthy, active lifestyle in the heart of the city. Enjoy strong rental income, low taxes, and low maintenance expenses in a high-demand location walking distance to the Blue Line and some of the city's best dining, shopping, and green space. Ideal for owner-occupants looking to leverage rental income from three additional units, or for investors seeking a property with a solid cap rate.
Presented By: Forza Advantage Realty
Interior Features for 1640 N Talman Avenue
Bedrooms
Bedrooms Possible8
Total Bedrooms8
Bathrooms
Full Baths Building8
Half Baths Building
Total Baths8
Other Interior Features
BasementFinished, Full
Total Number of Units4
General for 1640 N Talman Avenue
Additional Parcels Y/NNo
CityChicago
Community FeaturesCurbs, Sidewalks, Street Lights, Street Paved
Construction MaterialsVinyl Siding, Frame
ContingencyAttorney/Inspection
CountyCook
DirectionsNorth Ave to Talman North
Electric Expense480
Elementary SchoolMoos Elementary School
Elementary School District299
Fuel Expense480
Gross Income120000
HeatingNatural Gas, Forced Air
High SchoolMoos Elementary School
High School District299
Insurance Expense2400
MLS AreaCHI - West Town
Middle/Junior High SchoolClemente Community Academy Senio
Middle/Junior School District299
ModificationTimestamp2025-10-13T17:37:01.936Z
Net Operating Income95688
New ConstructionNo
OwnershipFee Simple
PossessionClosing
Property TypeResidential Income
Property TypeTwo to Four Units
RoofAsphalt
SewerPublic Sewer
Standard StatusActive Under Contract
StatusContingent
Tax Annual Amount13984
Tax Year2022
Total Rooms16
TownshipWest Chicago
Water Sewer Expense2000
Year Built1897
ZoningMULTI
Exterior for 1640 N Talman Avenue
BuyerOfficeFax(312) 943-6500
Exterior AmenitiesLighting
Foundation DetailsConcrete Perimeter
Lot Dimensions25X125
Lot FeaturesLevel
Parking FeaturesAlley Access, On Site, Owned
Total Parking3
Water SourceLake Michigan
Waterfront Y/NNo
Additional Details
Price History
Schools
Middle School
Clemente Community Academy Senio Middle School
High School
Moos Elementary School
