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$2,700,000
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Property Description
CRER is proud to exclusively present 1246 N Artesian Ave, a fully gut-renovated 8-unit multifamily asset located in the heart of Chicago's premier West Town neighborhood. This turnkey building features a highly desirable unit mix of predominantly 2-bedroom apartments, each outfitted with modern finishes, updated layouts, and secure digital entry systems, all set on a quiet, tree-lined street. The property has undergone a comprehensive, top-to-bottom renovation, delivering a truly stabilized asset with immediate in-place cash flow and minimal capital expenditure requirements. Investors benefit from a low-maintenance building with strong operating fundamentals and long-term durability. Strategically positioned just off the bustling Division Street corridor, the asset is surrounded by some of the city's best dining, nightlife, and boutique retail, while offering seamless access to public transportation. This prime location continues to drive consistent tenant demand and strong rental performance. Opportunities to acquire a fully renovated, income-producing asset of this caliber in West Town are exceedingly rare. 1246 N Artesian Ave offers investors a compelling blend of stability, location, and long-term upside in one of Chicago's most sought-after rental markets.
Full Property Details
Full Property Details for 1246 N Artesian Ave
General
- Price: $2,700,000
- HOA FEE: $2,000
- Taxes: $21,850 (2025)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12682951
- Updated: 6/28/2026
- Added to Site: 16 day(s) ago
Location
- Area: CHI - West Town
- County: Cook
- Driving Directions: Division St to Artesian Ave, north to property
Heating & Cooling
- Heating Type: Central Heat/Individual Controls
Utilities
- Trash: 2665
Structural Information
- Stories/Levels: 3
- Year Built: 1889
- Built Before 1978: Yes
Unit Information
- # Dryers: 2
Lot Features
- Lot Dimensions: 25 x 126
Financial Considerations
- Maint. Fee: $2,000
- Insurance Fee: $7,698
- Operating Expenses: $54,092
- Other Fee: $6,481
- Assessment Year: 1889
- Tax Amount: $21,850
- Tax Year: 2025
- Pays Electric: 2596
- Pays Trash: 2665
Disclosures and Reports
- Property ID: 16012280220000
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Schools
Schools serving 1246 N Artesian Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
De Diego Elementary Community Academy 1313 North Claremont Avenue, Chicago, IL 60622 | PK-8 | 0.2 mi |
Clemente Community Academy High School 1147 North Western Avenue, Chicago, IL 60622 | 9-12 | 0.2 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1246 N Artesian Ave
Date
Details
Price
Change
Source
6/22/2026
Listed
$2,700,000
29.19%
MLS
9/03/2021
Sold
$2,090,000
—
Public Record
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
Tax History for 1246 N Artesian Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$14,503
—
$195,000
185%
2023
$14,503
3%
$68,534
—
2022
$14,096
2%
$68,534
—
2021
$13,782
16%
$68,534
28%
2020
$11,908
-7%
$53,453
-16%
2019
$12,849
-13%
$63,954
-14%
2018
$14,765
42%
$74,748
54%
2017
$10,416
7%
$48,386
—
2016
$9,691
9%
$48,386
—
2015
$8,867
27%
$48,386
29%
2014
$6,984
2%
$37,641
—
2013
$6,846
1%
$37,641
—
2012
$6,755
—
$37,641
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1246 N Artesian Ave
1246 N Artesian Avenue, Chicago, IL 60622 (MLS# 12682951) is a Commercial property. 1246 N Artesian Avenue is currently listed for $2,700,000 and was received on June 22, 2026. Want to learn more about 1246 N Artesian Avenue? Do you have questions about finding other Commercial 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.

