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$2,200,000
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Property Description
1337 W. Walton Street, a newly constructed five-unit multifamily asset prominently situated just off Chicago Avenue in one of the city's most sought- after residential markets. The Property offers a diverse and attractive unit mix comprising one (1) 1 Bed / 1 Bath, one (1) 2 Bed / 1 Bath, two (2) 3 Bed / 2 Bath Duplexes, and one (1) 4 Bed / 2 Bath Duplex. All utilities are separately metered and paid directly by tenants, providing a lean expense structure and predictable cash flow for ownership. Each residence is finished to a condominium-quality standard featuring hardwood flooring, stainless steel appliances, quartz countertops, modern white cabinetry, tiled bathrooms, private rear decks, and in-unit laundry. Built to the highest modern standard, the Property features separately metered 100-amp electrical service per unit, individual high-efficiency furnaces, tankless water heaters, copper plumbing, high-performance windows, and a new roof - delivering an essentially maintenance-free asset with no near-term capital requirements and a long runway before any meaningful reinvestment is needed. With spacious floor plans, brand-new finishes, and rents that remain meaningfully below market, 1337 W. Walton Street offers investors a rare combination of day-one cash flow and compelling upside through a measured rent growth strategy. Underpinned by strong neighborhood fundamentals, light operating expenses, and a truly turnkey physical plant, this offering represents an exceptional opportunity for an investor seeking long-term stability and durable value creation in Chicago's Noble Square neighborhood.
Full Property Details
Full Property Details for 1337 W Walton St
General
- Price: $2,200,000
- HOA FEE: $1,875
- Taxes: $23,374 (2024)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12630738
- Updated: 7/20/2026
- Added to Site: 116 day(s) ago
Location
- Area: CHI - West Town
- County: Cook
- Township: West Chicago
- Driving Directions: West on Chicago, North on Noble, East on Walton
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Central Heat/Individual Controls
Utilities
- Trash: 3349
Structural Information
- Construction: Wood, Other
- Exterior Const.: Wood, Other
- Stories/Levels: 4
- Current Bldg. Use: Multi-Family
- Year Built: 1888
- Built Before 1978: Yes
Unit Information
- Units w/Refrigerators: 5
- Units w/Range/Oven: 5
- # Dryers: 5
Lot Features
- Lot Size (Sq. Ft.): 3,175
- Lot Dimensions: 25 x 129
- Frontage: City Street
- Potential Use: Multi-Family
- Zoning: MULTI
Financial Considerations
- Maint. Fee: $1,875
- Insurance Fee: $4,500
- Operating Expenses: $59,668
- Other Fee: $7,250
- Assessment Year: 1888
- Tax Amount: $23,374
- Tax Year: 2024
- Tenant Pays: Air Conditioning, Electricity, Heat
- Pays Electric: 460
- Pays Trash: 3349
Disclosures and Reports
- Property ID: 17053200140000
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Schools
Schools serving 1337 W Walton St
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Otis Elementary School 525 North Armour Street, Chicago, IL 60642 | K-8 | 0.5 mi |
Wells Community Academy High School 936 North Ashland Avenue, Chicago, IL 60622 | 9-11 | 0.4 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 1337 W Walton St
Date
Details
Price
Change
Source
4/27/2026
Listed
$2,200,000
23.94%
MLS
2/23/2017
Sold
$1,775,000
—
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 1337 W Walton St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$28,358
—
$116,000
-13%
2023
$28,358
3%
$134,000
—
2022
$27,561
2%
$134,000
—
2021
$26,946
134%
$134,000
159%
2020
$11,505
-1%
$51,644
-11%
2019
$11,659
2%
$58,028
—
2018
$11,462
-5%
$58,028
4%
2017
$12,067
7%
$56,054
—
2016
$11,227
9%
$56,054
—
2015
$10,272
35%
$56,054
36%
2014
$7,623
2%
$41,086
—
2013
$7,472
-3%
$41,086
-4%
2012
$7,700
—
$42,907
—
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 1337 W Walton St
1337 W Walton Street, Chicago, IL 60642 (MLS# 12630738) is a Commercial property. 1337 W Walton Street is currently listed for $2,200,000 and was received on April 27, 2026. Want to learn more about 1337 W Walton Street? 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.

