Closed

$2,350,000

1509 Sedgwick

Chicago, IL 60610

Bedrooms

Bathrooms

—

Sq Ft

1874

Year Built

About This Property

Incredible 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.

MLS# MRD12427423•Listed 7/29/2025•Residential Income

Property Details

Interior Features

Stories—

Cooling—

HeatingNatural Gas

Garage Spaces—

Location & Exterior

CountyCook

Subdivision—

Lot Size—

School Information

Elementary

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Middle School

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High School

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Property Location

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Property Summary

Price

$2,350,000

Location

Chicago, IL

Property Type

Residential Income

Equal Housing Opportunity

Listing Courtesy: MRED as distributed by MLS GRID | @properties Christie's International Real Estate

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