2904 S Wells ST, Chicago, IL 60616
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2904 S Wells ST, Chicago, IL 60616
2904 S Wells ST, Chicago, IL 60616
2904 S Wells ST, Chicago, IL 60616
2904 S Wells ST, Chicago, IL 60616
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Samuel Stella

Samuel Stella

+1(224) 426-4652
$ 1,080,000
Est. payment /mo
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Active

2904 S Wells ST Chicago, IL 60616

3,049 Sqft Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family 5+

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12614240

Year Built 1885

Annual Tax Amount $17,226

Tax Year 2024

Lot Size 3,049 Sqft

Lot Dimensions 25X125

Property Sub-Type Multi Family 5+

Property Description

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.

Location

State IL

County Cook

Area Chi - Armour Square

Zoning MULTI

Interior

Fireplace N

Building

Dwelling Type Multi Family 5+

Midwest Real Estate Data (MRED) IDX
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by QianKun Chen of  Kale Realty 

NEARBY SCHOOLS & PROPERTIES

Samuel Stella

Samuel Stella

Designated Managing Broker / Owner License ID: 471.021016

+1(224) 426-4652

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2904 S Wells ST

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