$2,350,000
$2,495,000Incredible investment opportunity in the heart of Old Town, just steps from the vibrant bars, restaurants, and shops of Wells Street. This oversized 3-flat spans over 7,000 square feet across five levels, offering exceptionally large units and tremendous income potential. The property features three expansive apartments: an 8-bedroom, 7-bedroom, and 4-bedroom unit-perfect for an Airbnb operator or savvy investor. Currently, two units are leased as long-term rentals, while the 8-bedroom unit operates as a highly successful short-term rental, generating nearly $180K in annual gross revenue. Fully gut-renovated in 2018 with all new systems, finishes, and mechanicals, this turnkey building requires no updates and is ready for continued operation. Whether you're looking to maximize income through short-term rentals or secure long-term tenants, this property offers unmatched flexibility and cash flow in one of Chicago's most desirable neighborhoods.
Beds & Baths
Size & Structure
Location
Financial
Heating
Basement
Construction
Foundation
Sewer
Water Source
1509 Sedgwick Street, Chicago, IL 60610 — Cook County
IL License 475.178467 · (847) 810-8438
* Estimated payment only. Actual rates, taxes, and insurance may vary. Contact a lender for a personalized quote.
You May Also Like
Find Your Perfect Home
Browse available listings in Chicago and across the North Shore.
Also popular on the North Shore
Listing Courtesy: MRED as distributed by MLS GRID | @properties Christie's International Real Estate
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy.
© 2026 MLS GRID. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use.