$2,250,000

1509 N Sedgwick Street, Chicago IL, 60610

Built in1874

Property typeMulti-family

Bought with Tyler Weekes with Star Realty & Management and Listed by Tyler Weekes with Star Realty & Management 708-400-0171

Overview

Sold

Closed

Listed Jul 29, 2025

Updated May 29

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.

Additional information

MLS^® ID: 12427423

Interior Features

Bedrooms: 19
Bathrooms: 11
Heating: Yes
Basement: Yes

Other Property Details

Taxes: $21,515
Tax Frequency: Annually

Bought with Tyler Weekes with Star Realty & Management and Listed by Tyler Weekes with Star Realty & Management 708-400-0171

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Based on information submitted to the MLS GRID for MRED 5/29/2026. 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. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. Properties displayed may be listed or sold by various participants in the MLS. Properties displayed may be listed or sold by various participants in the MLS.

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