Active · For Sale · Multi Family 5+

1723 W Foster Avenue, Chicago, IL 60640

MLS #12761599

1723 W Foster Avenue, Chicago, IL 60640
1723 W Foster Avenue, Chicago, IL 60640CRER
1723 W Foster Avenue, Chicago, IL 60640

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1723 W Foster Avenue, Chicago, IL 60640

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The property

Executive summary

Rare Andersonville/Lincoln Square Jumbo 6-Unit Investment Opportunity! Exceptionally spacious, condo-quality units, extensive improvements, and an outstanding location make this a truly special multi-family property. The building features four oversized 2-bedroom, 1-bathroom units plus two expansive 3-bedroom, 2-bathroom duplexes. All six units are fully rented, providing immediate income, while current rents offer an attractive opportunity for future upside. With many major improvements already completed, this is a turn-key investment ready for its next owner. These enormous units are filled with character and thoughtful details, including gorgeous crown molding, 6-inch baseboards, hardwood floors throughout, decorative fireplaces in the living rooms, and large separate dining rooms off the kitchens. Updated kitchens feature granite countertops, stainless steel appliances, and built-in hutches. All units feature central HVAC. The two duplex units offer in-unit side-by-side washers and dryers and large lower-level family rooms, providing exceptional additional living space. The four simplex units are served by convenient coin-operated laundry. The property has benefited from numerous improvements over the years, including a major update approximately 20 years ago and many additional updates within the past several years. Major…

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Property Intelligence

Financial Snapshot

Reported Annual Income
$168,000
Reported Annual Expenses
$53,986
Estimated NOI
$114,014
Estimated Cap Rate
4.75%
Estimated GRM
14.29
Annual Taxes
$30,109 (2025)

Property Details

Units
6
Building Size
12,440 SF
Lot Size
6,500 SF
Lot Dimensions
50x130
Stories
3
Year Built
1923
Building Age
Older
Construction
Brick, Concrete
Roof
Flat, Rubber
Zoning
MULTI
Parcel Number
14074030070000

Operations & Utilities

Heating
Central Heat/Indiv Controls, Forced Air, Gas
Cooling
Central Individual
Tenant Pays
Air Conditioning, Electricity, Heat
Electric
Circuit Breakers, Service - 201 to 600 Amps
Utilities
Water Available

Location & Use

County
Cook
Market Area
Chicago - Uptown
Present Use
Multi-Family
Potential Use
Condominium
Frontage
City Street

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.