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About This Home
This 8-bedroom, 4-bathroom residential multi family at 1707 N WASHTENAW Avenue in Chicago, IL is listed for $1,000,000. Built in 1890, on a N/A lot.
Well-located legal 3-flat with four (4) 2BR/1BA units plus a separately leased private garage, offering immediate income with strong long-term upside. Situated just one block from The 606 and a short walk to the CTA Western Blue Line, with easy access to I-90/94-this is a highly desirable rental corridor with consistent tenant demand.
All units feature functional, spacious layouts and are well-positioned for rent growth through light cosmetic updates. Rents are currently below market, presenting a clear value-add opportunity for investors seeking to increase cash flow. The property includes an upgraded, expansive, light-filled owner's unit, ideal for an owner-occupant or premium rental.
Additional income is generated from a privately leased garage at above-market rent, further enhancing overall returns. Excellent opportunity to acquire a stable asset in a prime West Town/Logan Square adjacent location with both in-place income and future upside.
Key Features
- Built in 1890
- 2 parking spaces
Property Details
Monthly Cost Estimate
$5,348/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1707 N WASHTENAW Avenue
Chicago, IL 60647
Property Details
Construction
Parking
Heating
Questions & Answers
This 8-bedroom, 4-bathroom residential multi family at 1707 N WASHTENAW Avenue is listed at $1,000,000. The estimated monthly payment is $4,333 based on 20% down at 6.5% interest.
Key features include: Built in 1890, 2 parking spaces.
This property is listed by Joseph Kotoch or joe.kotoch@compass.com.
Joseph Kotoch
Agent at Compass