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Listed by Gregory Gromekof Homesmart Realty Group
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Est. payment /mo
Price Dropped by $20K
2918 S Wells ST Chicago, IL 60616
8 Beds
0.25 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12671601
Bedrooms 8
Year Built 1888
Annual Tax Amount $9,010
Tax Year 2023
Lot Size 10,890 Sqft
Lot Dimensions 25x125
Property Sub-Type Two to Four Units
Property Description
Exceptional investment opportunity in Chicago's sought-after Armour Square neighborhood. This solid brick 4-unit building features four residential units spread across two stories, offering a total of 8 bedrooms and 4 full bathrooms. With strong income-producing potential in an area known for consistent rental demand, this property is an excellent addition to any investment portfolio. Select units feature high ceilings and hardwood flooring, adding character and appeal for tenants. The location is a major advantage, placing residents within easy reach of some of Bridgeport's most popular destinations, including Maria's Packaged Goods & Community Bar, Bridgeport Coffeehouse, Antique Taco, and Bridgeport Art Center. Public transportation, nearby expressways, and close proximity to Chinatown and Rate Field provide added convenience and broad tenant appeal. Combining a desirable location, classic brick construction, and strong rental potential, this Armour Square multifamily property presents an outstanding opportunity for investors looking to grow their portfolio in one of Chicago's most established and accessible neighborhoods. Schedule your showing today.
Location
State IL
County Cook
Community Sidewalks, Street Lights, Street Paved
Zoning LNC
Rooms
Basement Unfinished, Concrete, Storage Space, Full
Interior
Heating Natural Gas, Forced Air
Fireplace N
Exterior
Garage Spaces 2.0
View Y/N true
Roof Type Flat
Building
Foundation Concrete Perimeter
Sewer Public Sewer
Water Lake Michigan
Structure Type Brick
New Construction false
Schools
School District 299, 299, 299
Others
Ownership Fee Simple
Special Listing Condition None
Virtual Tour https://youtu.be/6SQo2Tzhk5s
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