# 2904 S Wells Street, Chicago, IL 60616

> **TL;DR:** 14bd/7ba residential multi family, $1,080,000, built 1885. Est. $4,680/mo. Listed 1 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $1,080,000 |
| Bedrooms | 14 |
| Bathrooms | 7 full |
| Year Built | 1885 |
| Lot Size | 3,049 sqft (0.07 acres) |
| Stories | 3 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 1 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $4,680 |
| **Total** | **$4,680** |

## Property Highlights

- Built in 1885
- 0.07 acre lot
- 3 stories

## Description

### Agent Description
Excellent investment opportunity in the desirable neighborhood! This well-maintained multi-unit property features a total of 7 residential units , offering multiple streams of rental income. The front building includes a 3 bed/1 bath unit on the first floor, a 2 bed/1 bath unit on the second floor, and a 1 bed/1 bath unit on the third floor, while the rear building consists of three 2 bed/1 bath units. Additional income is generated from the coach house unit and parking space. The property is in solid condition, with 6 units featuring central heating and cooling and 1 unit equipped with central heat and window AC. Current rents are below market and have not been increased in years, presenting a strong value-add opportunity for investors to enhance cash flow through future rent adjustments. The versatile unit mix appeals to a wide tenant base and helps minimize vacancy. Conveniently located near transportation, restaurants, and local amenities, this is an ideal asset for both seasoned investors and those seeking stable long-term income.

## Location

- **Address:** 2904 S Wells Street, Chicago, IL 60616
- **County:** Cook
- **Coordinates:** 41.840946, -87.633224
- **Google Maps:** https://www.google.com/maps?q=41.840946,-87.633224

## Listing Agent

- **Name:** QianKun Chen
- **Brokerage:** Kale Realty
- **Phone:** (312) 939-5253
- **Email:** chen.qiankun@kalerealty.com

## Primary Photo

![2904 S Wells Street - Primary Photo](http://lh.rdcpix.com/608344da304a2d760eacbb872d297687l-f3569198876r.jpg)

*10 total photos available on [listing page](https://www.propertysimple.com/listing/2904-s-wells-street-chicago-il-60616-12614240)*

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**MLS#:** 12614240 | **Updated:** 2026-04-26
**Source:** listhub

*Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/2904-s-wells-street-chicago-il-60616-12614240)

---

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