Chicago, IL 60647 1640 N Talman Avenue

1640 N Talman Avenue Chicago, IL - Image 11640 N Talman Avenue Chicago, IL - Image 21640 N Talman Avenue Chicago, IL - Image 3
12 more
1640 N Talman Avenue Chicago, IL - Image 41640 N Talman Avenue Chicago, IL - Image 51640 N Talman Avenue Chicago, IL - Image 61640 N Talman Avenue Chicago, IL - Image 71640 N Talman Avenue Chicago, IL - Image 81640 N Talman Avenue Chicago, IL - Image 91640 N Talman Avenue Chicago, IL - Image 101640 N Talman Avenue Chicago, IL - Image 111640 N Talman Avenue Chicago, IL - Image 121640 N Talman Avenue Chicago, IL - Image 131640 N Talman Avenue Chicago, IL - Image 141640 N Talman Avenue Chicago, IL - Image 151640 N Talman Avenue Chicago, IL - Image 16
Presented By: Forza Advantage Realty
  • MLS# 12482267
  • 09/27/2025
  • Request Tour
  • Request Info
  • Beds • 8
  • Baths • 8

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

Client Care

Price $1,399,888
MLS#12482267
List Date 09/27/2025
Property Type Contingent
Phone 847.485.2500
Request Tour
Request Info
Visit My Website

Similar Properties to 1640 N Talman Avenue