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$2,145,000
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Property Description
Prime Lakeview location just steps from iconic Wrigley Field! This beautifully renovated 3-flat offers a rare opportunity to own a turnkey, income-generating property in one of Chicago's most sought-after neighborhoods. Extensively rebuilt in 2020, the building features three spacious units with modern finishes and thoughtful design throughout. Each unit offers open layouts filled with natural light, tall ceilings, and new hardwood flooring (with carpet in the lower level of Unit 1). Kitchens have been fully updated with new appliances, abundant cabinetry, and built-in storage, while the bathrooms showcase stylish new tile, vanities, and fixtures. Custom touches like shiplap ceilings, updated lighting, and built-ins add charm and character. All units include in-unit laundry, large bedrooms, generous closets, and additional storage. The lower level features private storage rooms for each unit along with shared bike storage. Brand-new rear decks provide ample space for outdoor dining and entertaining, and the property offers three rows of tandem parking (six spaces total), giving each unit its own designated parking row. The building's exterior boasts classic brick and stonework with a fenced front yard for added appeal. This property has been impeccably maintained by the same owner since 1996 and has never experienced a vacancy outside of the renovation period. Located in the highly rated Blaine School District and within walking distance to Wrigley, the Southport Corridor, restaurants, nightlife, public transit, and countless neighborhood amenities, this is a rare and valuable investment in the heart of Lakeview.
Full Property Details
Full Property Details for 1116 W Addison St
General
- Sold For: $2,145,000
- Taxes: $23,947 (2023)
- Status: Closed
- Type: Multi-Family
- Source: MRED
- MLS ID: 12408879
- Added to Site: 227 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 7
- Bathroom Features: Double Sink
Bedrooms
- Total Bedrooms: 7
Additional Information
- Equipment: Carbon Monoxide Detectors
- Other Features: Commuter Bus, Commuter Train
Parking
- Total Spaces: 6
- Parking Features: Off-Alley, Alley Access, On Site, Owned
- Parking On-Site: Yes
Location
- Area: CHI - Lake View
- County: Cook
- Driving Directions: North on Clark to Addison, West to property; 1116 on North side of the street.
School Information
- School District: 299
- Midd School District: 229
- Elementary School: Blaine Elementary School
Heating & Cooling
- Heating Type: Natural Gas, Forced Air
Utilities
- Water: Lake Michigan
Structural Information
- Construction: Brick, Limestone
- Exterior Const.: Brick, Limestone
- Basement Desc.: Finished, Exterior Entry, Concrete, Rec/Family Area, Storage Space, Full, Daylight
- Year Built: 1996
- Remodeled/Updated: 2020
Unit Information
- Units in Building: 3
Lot Features
- Lot Size Range: Standard Chicago Lot
- Lot Dimensions: 25 x 125
Financial Considerations
- Assessment Year: 1996
- Tax Amount: $23,947.38
- Tax Year: 2023
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: List Broker Must Accompany
- Property ID: 14202250270000
Listed by Compass
Sold by @properties Christie's International Real Estate
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Schools
Schools serving 1116 W Addison St
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Blaine Elementary School 1420 West Grace Street, Chicago, IL 60613 | PK-8 | 0.5 mi |
Lake View High School 4015 North Ashland Avenue, Chicago, IL 60613 | 9-12 | 0.8 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1116 W Addison St
Date
Details
Price
Change
Source
10/03/2025
Sold
$2,145,000
-2.28%
MLS
7/08/2025
Listed
$2,195,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1116 W Addison Street, Chicago, IL 60613 (MLS# 12408879) is a Multi-Family property that was sold at $2,145,000 on October 03, 2025. Want to learn more about 1116 W Addison Street? Do you have questions about finding other Multi-Family real estate for sale in LakeView? You can browse all LakeView real estate or contact a Coldwell Banker agent to request more information.

