Closed

$1,225,000

856 Wolcott Avenue, Chicago, IL 60622
7 Beds4 Baths5 days
856 Wolcott Avenue·Chicago, IL 60622
7Bedrooms
4Bathrooms
1914Year Built
About This Home

Legal 4-unit building on a quiet, tree-lined street in the heart of Ukrainian Village/Wicker Park, offering a rare combination of strong in-place income with clear upside potential. The property consists of two front and two rear units, including three 2 bed/1 bath layouts and one 1 bed + den/1 bath, all thoughtfully maintained and continuously upgraded by ownership. Each unit features hardwood floors, stainless steel appliances, granite countertops, dishwashers, central HVAC, and in-unit laundry. Bedroom layouts are well-proportioned, comfortably accommodating queen-sized beds with additional furniture. Significant capital improvements include updated windows, refreshed interiors across multiple units, electrical updates to HVAC systems, and a recently sealed roof. Current owners continued to make additional improvements which include: Owners unit (#4) had a full bathroom remodel, pantry and linen closet installed, new washer and dryer, refreshed kitchen cabinets and updated electrical. Unit 2 had a kitchen refresh, cabinets painted, new washer and dryer installed, and pantry installed. Bathroom was also updated with new fan / extractor. Overall Building improvements include all ACs had their electrical updated, roof had new sealant layer installed, and repaired brick chimney. With lease expirations approaching, a new owner could reset rents and drive meaningful income growth post ownership. With lease expirations from June through September, new ownership is well-positioned to drive rental increases-either through renewals or new leasing-during Chicago's peak rental season in a highly sought-after location The building also features a large, full unfinished basement with additional coin-operated laundry and potential for further value creation, including duplex-down opportunities for the first-floor units. A brick 1.5-car garage (deep configuration) provides additional income or tenant convenience. Ideally located just steps from West Town's top dining, cafes, and retail, with convenient access to public transportation, expressways, and a short commute to the Wicker Park/Bucktown, West Loop and Fulton Market.

MLS# 12603130Listed March 31, 2026Residential Income
Property Details

Beds & Baths

Total Bedrooms7
Total Bathrooms4
Total Rooms16

Size & Structure

Garage Spaces1
Year Built1914
Lot Size25X125

Location

CountyCook
TownshipWest Chicago
Zip Code60622

Financial

List Price$1,225,000
Annual Taxes (2024)$16,927
Monthly Tax Est.$1,411
Parcel #17064340230000
Interior Features

Heating

Natural Gas

Basement

UnfinishedFull
Exterior & Lot

Construction

Brick

Roof

Rubber
Utilities & Parking

Sewer

Public Sewer

Water Source

Lake Michigan

Parking

Garage Door OpenerYesGarage OwnedDetachedGarage
Tax & Financial
Annual Taxes
$16,927
Tax Year 2024
Monthly Tax Est.
$1,411
per month
Property Location

856 Wolcott Avenue, Chicago, IL 60622Cook County

$1,225,000
856 Wolcott Avenue
7 bd4 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
5 days on market
1-car garage
25X125
$16,927/yr taxes
$7,848
estimated monthly payment
Principal & Interest
$6,438/mo
Property Tax
$1,411/mo
$1,225,000
20% — $245,000
3%50%
6.875%
3%12%
Loan Amount
$980,000
Down Payment
$245,000

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

Listed by
Mark Allen Realty ERA Powered
Agent: Amit Vyas
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Listing Courtesy: MRED as distributed by MLS GRID | @properties Christie's International Real Estate

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