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- Price$2,350,000
- Beds19
- Built1874
1509 North Sedgwick Street, Chicago
Incredible investment opportunity in the heart of Old Town, just steps from the vibrant bars, restaurants, and shops of Wells Street. This oversized 3-flat spans over 7,000 square feet across five levels, offering exceptionally large units and tremendous income potential. The property features three expansive apartments: an 8-bedroom, 7-bedroom, and 4-bedroom unit-perfect for an Airbnb operator or savvy investor. Currently, two units are leased as long-term rentals, while the 8-bedroom unit operates as a highly successful short-term rental, generating nearly $180K in annual gross revenue. Fully gut-renovated in 2018 with all new systems, finishes, and mechanicals, this turnkey building requires no updates and is ready for continued operation. Whether you're looking to maximize income through short-term rentals or secure long-term tenants, this property offers unmatched flexibility and cash flow in one of Chicago's most desirable neighborhoods.
Essential Information
- MLS® #12427423
- Price$2,350,000
- Bedrooms19
- Bathrooms11.00
- Acres0.00
- Year Built1874
- TypeResidential Income
- Sub-TypeTwo to Four Units
- StatusActive
- Taxes$21,515
Interior
- HeatingNatural Gas
School Information
- District299
Listing Details
- Listing OfficeStar Realty & Management
Community Information
- Address1509 North Sedgwick Street
- AreaCHI - Near North Side
- CityChicago
- CountyCook
- StateIL
- Zip Code60610
Exterior
- ExteriorMasonite
- FoundationConcrete Perimeter
Additional Information
- Days on Market102
- ZoningMULTI
Price Change History for 1509 North Sedgwick Street, Chicago, IL (MLS® #12427423)
| Date | Details | Price | Change |
|---|---|---|---|
| Active | – | – | |
| Price Change | – | – | |
| Price Reduced | $2,350,000 | $45,000 ( 1.88% ) | |
| Active | – | – | |
| Price Change | – | – | |
| Show More (2) | |||
| Price Reduced (from $2,495,000) | $2,395,000 | $100,000 ( 4.01% ) | |
| Active (from New) | – | – | |
The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Gold Coast Realty are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed.
Listing information last updated on November 7th, 2025 at 9:23am CST.