1225 W Erie Street, Chicago, IL 60642 - Photo 1

1/1

$1,000,000

Sold
Closed
Multi-Family
7 Total Beds

1/1

Property Description

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

Full Property Details for 1225 W Erie St

General

Sold For: $1,000,000
Taxes: $17,127 (2024)
Status: Closed
Type: Multi-Family
Source: MRED
MLS ID: 12576429

Rooms

Bathrooms

Total Bathrooms: 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
Driving Directions: SOUTH OF CHICAGO AVE - WEST ON ERIE TO PROPERTY - 1225 W ERIE STREET

School Information

School District: 299
Midd School District: 299

Heating & Cooling

Heating Type: Natural Gas

Utilities

Water: Lake Michigan, Public

Structural Information

Construction: Brick
Exterior Const.: Brick
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

Disclosures and Reports

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

Listed by Fulton Grace Realty
Sold by Roemer Park Realty Group Inc.

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Listing agents

— 1225 W Erie St —

Fulton Grace Realty

owen@fultongrace.com

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Schools

Schools serving 1225 W Erie St

School District:Chicago Public School District 299

Name	Grades	Distance
Otis Elementary School 525 North Armour Street, Chicago, IL 60642	K-8	0.4 mi
Wells Community Academy High School 936 North Ashland Avenue, Chicago, IL 60622	9-11	0.6 mi

Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

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1225 W Erie Street, Chicago, IL 60642 (MLS# 12576429) is a Multi-Family property that was sold at $1,000,000 on April 16, 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.

1225 W Erie St Chicago, IL 60642