1246 N Artesian Avenue, Chicago, IL 60622

Active · For Sale · Multi Family 5+

$2,610,000

1246 N Artesian Avenue, Chicago, IL 60622

Units
8
Price / Unit
$326,250
Est. Cap Rate
6.16%
Est. GRM
12.15

Property Overview

CRER is proud to exclusively present 1246 N Artesian Ave, a fully gut-renovated 8-unit multifamily asset located in the heart of Chicago's premier West Town neighborhood. This turnkey building features a highly desirable unit mix of predominantly 2-bedroom apartments, each outfitted with modern finishes, updated layouts, and secure digital entry systems, all set on a quiet, tree-lined street. The property has undergone a comprehensive, top-to-bottom renovation, delivering a truly stabilized asset with immediate in-place cash flow and minimal capital expenditure requirements. Investors benefit from a low-maintenance building with strong operating fundamentals and long-term durability. Strategically positioned just off the bustling Division Street corridor, the asset is surrounded by some of the city's best dining, nightlife, and boutique retail, while offering seamless access to public transportation. This prime location continues to drive consistent tenant demand and strong rental performance. Opportunities to acquire a fully renovated, income-producing asset of this caliber in West Town are exceedingly rare. 1246 N Artesian Ave offers investors a compelling blend of stability, location, and long-term upside in one of Chicago's most sought-after rental markets.

Investor Resource

Property Intelligence

Financial Snapshot

Reported Annual Income
$214,800
Reported Annual Expenses
$54,092
Estimated NOI
$160,708
Estimated Cap Rate
6.16%
Estimated GRM
12.15
Annual Taxes
$21,850 (2025)

Property Details

Units
8
Lot Dimensions
25X126
Stories
3
Year Built
1889
Building Age
New Rehab
Parcel Number
16012280220000

Operations & Utilities

Heating
Central Heat/Indiv Controls

Location & Use

County
Cook
Market Area
Chicago - West Town

Reported figures come from the listing source. When shown, estimated NOI and cap rate use reported income and expenses; estimated GRM uses asking price and reported income. All figures should be independently verified.