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0 Beds

$1,080,000

2904 S Wells Street, Chicago IL, 60616

Built in1885
Property typeMulti-family
Listed by QianKun Chen with Kale Realty 312-515-4617

Overview

Active

Listed Apr 9, 2026

Updated 9 days ago

Excellent investment opportunity in the desirable neighborhood! This well-maintained multi-unit property features a total of 7 residential units , offering multiple streams of rental income. The front building includes a 3 bed/1 bath unit on the first floor, a 2 bed/1 bath unit on the second floor, and a 1 bed/1 bath unit on the third floor, while the rear building consists of three 2 bed/1 bath units. Additional income is generated from the coach house unit and parking space. The property is in solid condition, with 6 units featuring central heating and cooling and 1 unit equipped with central heat and window AC. Current rents are below market and have not been increased in years, presenting a strong value-add opportunity for investors to enhance cash flow through future rent adjustments. The versatile unit mix appeals to a wide tenant base and helps minimize vacancy. Conveniently located near transportation, restaurants, and local amenities, this is an ideal asset for both seasoned investors and those seeking stable long-term income.

$7,185/mo

Est. mortgage payment based on a $1,080,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Other Property Details

Taxes
$17,227
Tax Frequency
Annually
MLS provider logo

Listed by QianKun Chen with Kale Realty 312-515-4617

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Data is refreshed every 3 hours. Listing last updated 3:08 AM UTC on 9/27/2026. 

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