1542 W Thomas Street, Chicago, IL 60642
1542 W Thomas Street, Chicago, IL 60642
1542 W Thomas Street, Chicago, IL 60642
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Listed by Kathleen Whalenof @properties Christie's International Real Estate
$1,100,000
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Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12644332

Year Built 1891

Annual Tax Amount $6,663

Tax Year 2025

Lot Dimensions 24 X 124

Property Sub-Type Two to Four Units

Property Description

HOT WEST TOWN Multi-Family 5 Unit Property- separate front brick facade/frame building featuring 2 units plus garden unit (Non-conforming garden unit-with no representation of legality of garden unit) and a separate rear Frame Coach House offering an additional 2 units (Non-conforming Coach House with no representation of legality of Coach House) Total 5 units are designed with One Bedroom and One Bathroom Apartments with Hardwood Floors, Each Apartment has Individual Space Heating Systems, Coin-Operated Common Area Laundry Facility, with tenants paying Gas and Electric. Owner pays for the Garden unit's electric. Additional bedroom and separate water closet in the basement for the owner's personal use only. Nice deck in yard with 2 rear owner parking spaces. Immediate income increase by renting the 2 parking spaces. Easy access to public transportation, just steps to the blue line, grocery stores, convenient highway access, popular restaurants, entertainment, and minutes to River West, Fulton Market and downtown. Hold for long term investment, upgrade units to increase value, or 1031x, with R3 zoning. Many possibilities. Property will be SOLD "AS IS". Annual rent income $90,600. Unit 1F $1600.00 exp 6/30/26, Unit 2F $1550.00 exp 6/30/26 Garden $1150.00 exp 6/30/27 Coach H Unit 2 $1600 exp 6/30/27 Coach H Unit 1 $1650 exp 6/30/27

Location

State IL

County Cook

Community Curbs, Sidewalks, Street Lights, Street Paved

Zoning MULTI

Rooms

Basement Sleeping Area, Walk-Out Access

Interior

Heating Space Heater

Fireplace N

Exterior

View Y/N true

Building

Sewer Public Sewer

Water Public

Structure Type Frame

New Construction false

Schools

Elementary Schools Otis Elementary School

High Schools Wells Community Academy Senior H

School District 299, 299, 299

Others

Ownership Fee Simple


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Doug Anderson

Doug Anderson

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+1(847) 687-3424

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1542 W Thomas Street