Closed

$2,195,000

1116 Addison Street, Chicago, IL 60613
7 Beds7 Baths32 days
1116 Addison Street·Chicago, IL 60613
7Bedrooms
7Bathrooms
1996Year Built
About This Home

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.

MLS# 12408879Listed July 8, 2025Residential Income
Property Details

Beds & Baths

Total Bedrooms7
Total Bathrooms7
Total Rooms17

Size & Structure

Year Built1996
Lot Size25 X 125

Location

CountyCook
TownshipLake View
Zip Code60613

Financial

List Price$2,195,000
Annual Taxes (2023)$23,947
Monthly Tax Est.$1,996
Parcel #14202250270000
Interior Features

Heating

Natural GasForced Air

Basement

FinishedExterior EntryConcreteRec/Family AreaStorage SpaceFullDaylight
Exterior & Lot

Construction

BrickLimestone
Utilities & Parking

Sewer

Public Sewer

Water Source

Lake Michigan

Parking

Off AlleyAlley AccessOn SiteOwned
HOA & Community

Community Features

ParkGatedSidewalksStreet LightsStreet Paved
Schools
Elementary
Blaine Elementary School
District: 299
Tax & Financial
Annual Taxes
$23,947
Tax Year 2023
Monthly Tax Est.
$1,996
per month
Property Location

1116 Addison Street, Chicago, IL 60613Cook County

$2,195,000
1116 Addison Street
7 bd7 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
32 days on market
25 X 125
$23,947/yr taxes
$13,531
estimated monthly payment
Principal & Interest
$11,536/mo
Property Tax
$1,996/mo
$2,195,000
20% — $439,000
3%50%
6.875%
3%12%
Loan Amount
$1,756,000
Down Payment
$439,000

* Estimated payment only. Actual rates, taxes, and insurance may vary. Contact a lender for a personalized quote.

Listed by
Compass
Agent: Marta Landrosh
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