856 N Wolcott Avenue, Chicago, IL 60622
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856 N Wolcott Avenue,Chicago, IL 60622
$1,225,000
- 7 Beds
- 4 Baths
- - sq. ft.
- Multi-family
- Active
Listed by: amit vyas
Office: mark allen realty era powered
MLS#:12603130
Source:MLSNI
Price summary
- Price:$1,225,000
About this home
Legal 4-unit building on a quiet, tree-lined street in the heart of Ukrainian Village/Wicker Park, offering a rare combination of strong in-place income with clear upside potential. The property consists of two front and two rear units, including three 2 bed/1 bath layouts and one 1 bed + den/1 bath, all thoughtfully maintained and continuously upgraded by ownership. Each unit features hardwood floors, stainless steel appliances, granite countertops, dishwashers, central HVAC, and in-unit laundry. Bedroom layouts are well-proportioned, comfortably accommodating queen-sized beds with additional furniture. Significant capital improvements include updated windows, refreshed interiors across multiple units, electrical updates to HVAC systems, and a recently sealed roof. Current owners continued to make additional improvements which include: Owners unit (#4) had a full bathroom remodel, pantry and linen closet installed, new washer and dryer, refreshed kitchen cabinets and updated electrical. Unit 2 had a kitchen refresh, cabinets painted, new washer and dryer installed, and pantry installed. Bathroom was also updated with new fan / extractor. Overall Building improvements include all ACs had their electrical updated, roof had new sealant layer installed, and repaired brick chimney. With lease expirations approaching, a new owner could reset rents and drive meaningful income growth post ownership. With lease expirations from June through September, new ownership is well-positioned to drive rental increases-either through renewals or new leasing-during Chicago's peak rental season in a highly sought-after location The building also features a large, full unfinished basement with additional coin-operated laundry and potential for further value creation, including duplex-down opportunities for the first-floor units. A brick 1.5-car garage (deep configuration) provides additional income or tenant convenience. Ideally located just steps from West Town's top dining, cafes, and retail, with convenient access to public transportation, expressways, and a short commute to the Wicker Park/Bucktown, West Loop and Fulton Market....
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Home facts
- Year built:1914
- Listing ID #:12603130
- Added:1 day(s) ago
- Updated:March 31, 2026 at 09:51 PM
Rooms and interior
- Bedrooms:7
- Total bathrooms:4
- Full bathrooms:4
- Rooms Total:16
- Basement:Yes
- Basement Description:Full, Unfinished
Heating and cooling
- Heating:Natural Gas
Structure and exterior
- Roof:Rubber
- Year built:1914
Utilities
- Water:Lake Michigan
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,225,000
- Tax amount:$16,927 (2024)
Parking
- Total parking spaces:1
- Parking description:Detached Garage, Garage
- Garage:Yes
- Garage spaces:1
Copyright 2026 Midwest Real Estate Data LLC. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Midwest Real Estate Data LLC. Listing information is deemed reliable but not guaranteed.New listings near 856 N Wolcott Avenue
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