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$1,025,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 7 Total Beds
  • Updated 23 hours ago
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Exceptional opportunity to own a fully leased 3-flat ideally positioned at the crossroads of West Town, Noble Square, and River West. This solid income-producing property features a spacious 3-bedroom duplex-down on the first floor and two well-maintained 2-bedroom simplex units on the 2nd and 3rd floors - an ideal unit mix for strong, consistent rental demand. Each residence offers bright living areas and high ceilings. Individual HVAC systems in all 3 units, shared on-site laundry, and exterior parking spaces at the rear of the building. The property has a large backyard area. All leases are secured through Summer 2026, delivering immediate cash flow and built-in stability for the next owner. A truly turnkey asset in one of Chicago's most desirable rental corridors.

Full Property Details for 1225 W Erie St

General

  • Price: $1,025,000
  • Taxes: $17,127 (2024)
  • Status: Active
  • Type: Multi-Family
  • Source: MRED
  • MLS ID: 12576429
  • Updated: 2/26/2026
  • Added to Site: 1 day(s) ago

Rental Information

  • Complex Features: Curbs, Gated, Sidewalks, Street Lights, Street Paved

Interior

  • Basement: Partially

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Upper - Full Baths: 4

Bedrooms

  • Total Bedrooms: 7

Additional Information

  • Other Features: Commuter Bus, Commuter Train, Interstate Access

Parking

  • Total Spaces: 3
  • Parking Features: Off-Alley, Off-Street, Yes, Owned

Location

  • Area: CHI - West Town
  • County: Cook
  • Township: West Chicago
  • Driving Directions: SOUTH OF CHICAGO AVE - WEST ON ERIE TO PROPERTY - 1225 W ERIE STREET

School Information

  • School District: 299
  • Elem School District: 299
  • Midd School District: 299
  • High School District: 299

Heating & Cooling

  • Heating Type: Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Lake Michigan, Public

Structural Information

  • Construction: Brick
  • Exterior Const.: Brick
  • Basement: Yes
  • Basement Desc.: Partially Finished, Exterior Entry, Full, Walk-Out Access
  • Built Before 1978: Yes

Unit Information

  • Units in Building: 3

Lot Features

  • Lot Size (Acres): 0.07
  • Lot Size Range: Less than .25 Acre
  • Lot Dimensions: 25 x 128
  • Zoning: MULTI

Financial Considerations

  • Tax Amount: $17,127.96
  • Tax Year: 2024
  • Pays Sewer: Public Sewer

Disclosures and Reports

  • Ownership: Fee Simple
  • Special Conditions: List Broker Must Accompany
  • Property ID: 17081200110000

Listed by Fulton Grace Realty

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Listing agents

— 1225 W Erie St —

  • Fulton Grace Realty

  • Fulton Grace Realty

owen@fultongrace.com

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with our affiliated lender
NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 1225 W Erie St

School District:Chicago Public School District 299
NameGradesDistance
Otis Elementary School
525 North Armour Street, Chicago, IL 60642
K-80.4 mi
Wells Community Academy High School
936 North Ashland Avenue, Chicago, IL 60622
9-110.6 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 1225 W Erie St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/26/2026
Listed
$1,025,000
17.95%
MLS
12/04/2017
Sold
$869,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1225 W Erie St

Year
Property Taxes
Change
Tax Assessment
Change
2023
$16,295
3%
$77,000
—
2022
$15,838
2%
$77,000
—
2021
$15,484
31%
$77,000
45%
2020
$11,806
-1%
$52,995
-11%
2019
$11,964
-7%
$59,546
-8%
2018
$12,831
30%
$64,954
42%
2017
$9,844
7%
$45,730
—
2016
$9,159
9%
$45,730
—
2015
$8,380
19%
$45,730
20%
2014
$7,058
2%
$38,043
—
2013
$6,919
1%
$38,043
—
2012
$6,827
—
$38,043
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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1225 W Erie Street, Chicago, IL 60642 (MLS# 12576429) is a Multi-Family property with 3 units containing 7 bedrooms and 0 full bathrooms. 1225 W Erie Street is currently listed for $1,025,000 and was received on February 26, 2026. Want to learn more about 1225 W Erie Street? Do you have questions about finding other Multi-Family real estate for sale in West Town? You can browse all West Town real estate or contact a Coldwell Banker agent to request more information.

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