1062 W Columbia Avenue, Chicago, IL 60626
Local realty services provided by:Better Homes and Gardens Real Estate Connections



1062 W Columbia Avenue,Chicago, IL 60626
$1,600,000
- 15 Beds
- 8 Baths
- - sq. ft.
- Multi-family
- Active
Listed by:sophia klopas
Office:jameson sotheby's int'l realty
MLS#:12432702
Source:MLSNI
Price summary
- Price:$1,600,000
About this home
Amazing opportunity to own an oversized 4-unit building on a dead-end street. The building sits on a 37 x 175 lot that is 100 feet from a public beach on Lake Michigan (here the waves crash from the back decks). Just steps off Loyola Campus-easy access to the Metra, L train, and Lake Shore Drive. Lease dates-Garden Mnoth to month @ 2425; unit 1-8/26 @ 3950; unit 2 - 2/28/26 @ 3750; unit 3 - 10/25 @ 3750. 166500 in rent a year. Units can be upgraded-tons of room for the rents to grow. All the units have full kitchens, in-unit laundry, forced heat, and central AC. large bedrooms and a large common family room. Units 1 to 3 have back decks. Parking in the back for up to 8 (tandem parking). All brick building. The owner covers electricity and heat with the rent. (legal 4 units w. all the elcectirc and gas seperate - owner pays them as part of rent) Gas for 2024 was 6915; electric for 24 was 7096; 2024 water was approx. 3k; 24 insurance was 5306- No garbage fees. 126k net after all expenses. The roof was changed in 2024, and all the mechanicals have been updated since 2021. Look at addition tab for info plus cap rate sheet (7.8% true cap rate)
Contact an agent
Home facts
- Year built:1950
- Listing Id #:12432702
- Added:1 day(s) ago
- Updated:August 15, 2025 at 01:38 AM
Rooms and interior
- Bedrooms:15
- Total bathrooms:8
- Full bathrooms:7
- Half bathrooms:1
Heating and cooling
- Heating:Natural Gas
Structure and exterior
- Roof:Rubber
- Year built:1950
Utilities
- Water:Lake Michigan
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,600,000
- Tax amount:$18,874 (2023)
New listings near 1062 W Columbia Avenue
- New$399,000Active2 beds 2 baths
2641 N Talman Avenue #2, Chicago, IL 60647
MLS# 12427920Listed by: GENUINE REAL ESTATE CORP - New$1,100,000Active6 beds 3 baths
1426 W Foster Avenue, Chicago, IL 60640
MLS# 12436415Listed by: BAIRD & WARNER - New$360,000Active2 beds 1 baths
528 W Cornelia Avenue #3S, Chicago, IL 60657
MLS# 12446958Listed by: @PROPERTIES CHRISTIE'S INTERNATIONAL REAL ESTATE - New$200,000Active7 beds 3 baths
9720 S Exchange Avenue, Chicago, IL 60617
MLS# 12447004Listed by: KELLER WILLIAMS ONECHICAGO - Open Sun, 11am to 1pmNew$1,475,000Active5 beds 5 baths4,194 sq. ft.
2444 W Dakin Street, Chicago, IL 60618
MLS# 12437649Listed by: @PROPERTIES CHRISTIE'S INTERNATIONAL REAL ESTATE - Open Sun, 1 to 3pmNew$999,999Active4 beds 3 baths2,965 sq. ft.
2341 W Roscoe Street #1E, Chicago, IL 60618
MLS# 12439528Listed by: COMPASS - New$579,999Active4 beds 2 baths3,900 sq. ft.
3321 W Dickens Avenue, Chicago, IL 60647
MLS# 12442256Listed by: INTERNET REAL ESTATE, LTD. - New$460,000Active2 beds 1 baths1,215 sq. ft.
4631 N Lawler Avenue, Chicago, IL 60630
MLS# 12446163Listed by: COLDWELL BANKER REALTY - New$187,500Active1 beds 1 baths
1850 N Clark Street #408, Chicago, IL 60614
MLS# 12446214Listed by: RE/MAX ALL PRO - ST CHARLES - New$259,000Active3 beds 3 baths1,113 sq. ft.
5202 S Talman Street, Chicago, IL 60632
MLS# 12446873Listed by: CENTURY 21 CIRCLE