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$2,350,000 Sale Pending

  • For Sale
  • Pending
  • Multi-Family
  • 19 Total Beds
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Incredible investment opportunity in the heart of Old Town, just steps from the vibrant bars, restaurants, and shops of Wells Street. This oversized 3-flat spans over 7,000 square feet across five levels, offering exceptionally large units and tremendous income potential. The property features three expansive apartments: an 8-bedroom, 7-bedroom, and 4-bedroom unit-perfect for an Airbnb operator or savvy investor. Currently, two units are leased as long-term rentals, while the 8-bedroom unit operates as a highly successful short-term rental, generating nearly $180K in annual gross revenue. Fully gut-renovated in 2018 with all new systems, finishes, and mechanicals, this turnkey building requires no updates and is ready for continued operation. Whether you're looking to maximize income through short-term rentals or secure long-term tenants, this property offers unmatched flexibility and cash flow in one of Chicago's most desirable neighborhoods.

Full Property Details for 1509 N Sedgwick St

General

  • Price: $2,350,000
  • Taxes: $21,515 (2023)
  • Status: Pending
  • Type: Multi-Family
  • Source: MRED
  • MLS ID: 12427423
  • Updated: 11/17/2025
  • Added to Site: 174 day(s) ago

Interior

  • Basement: Partially

Rooms

Bathrooms

  • Total Bathrooms: 11
  • Upper - Full Baths: 11

Bedrooms

  • Total Bedrooms: 19

Additional Information

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

Location

  • Area: CHI - Near North Side
  • County: Cook
  • Township: North Chicago
  • Driving Directions: I-90/94 North bound; Exit North Avenue; South on Sedgwick

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: Public

Structural Information

  • Construction: Masonite
  • Exterior Const.: Masonite
  • Basement: Yes
  • Basement Desc.: Partially Finished, Partial
  • Foundation: Concrete Perimeter
  • Year Built: 1874
  • Built Before 1978: Yes
  • Remodeled/Updated: 2018

Unit Information

  • Units in Building: 3

Lot Features

  • Lot Size Range: Less than .25 Acre
  • Lot Dimensions: 2550
  • Zoning: MULTI

Financial Considerations

  • Assessment Year: 1874
  • Tax Amount: $21,515
  • Tax Year: 2023
  • Pays Sewer: Public Sewer

Disclosures and Reports

  • Ownership: Fee Simple
  • Special Conditions: List Broker Must Accompany
  • Property ID: 17042000130000

Listed by Star Realty & Management

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— 1509 N Sedgwick St —

  • Star Realty & Management

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NMLS#: 1598647

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NMLS#: 1598647

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Request a Quote

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

Schools serving 1509 N Sedgwick St

School District:Chicago Public School District 299
NameGradesDistance
Manierre Elementary School
1420 North Hudson Avenue, Chicago, IL 60610
PK-80.2 mi
Lincoln Park High School, Chicago, IL
2001 North Orchard Street, Chicago, IL 60614
9-120.7 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 1509 N Sedgwick St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/14/2025
Price Reduced
$2,350,000
-1.88%
MLS
9/15/2025
Price Reduced
$2,395,000
-4.01%
MLS
7/29/2025
Listed
$2,495,000
126.82%
MLS
5/17/2018
Sold
$1,100,000
—
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 1509 N Sedgwick St

Year
Property Taxes
Change
Tax Assessment
Change
2023
$20,888
3%
$99,000
—
2022
$20,363
2%
$99,000
—
2021
$19,908
-8%
$99,000
1%
2020
$21,735
2%
$97,569
-8%
2019
$21,308
2%
$106,054
—
2018
$20,949
4%
$106,054
13%
2017
$20,191
7%
$93,795
—
2016
$18,786
8%
$93,795
-1%
2015
$17,419
17%
$95,056
19%
2014
$14,846
2%
$80,016
—
2013
$14,553
1%
$80,016
—
2012
$14,359
—
$80,016
—
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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1509 N Sedgwick Street, Chicago, IL 60610 (MLS# 12427423) is a Multi-Family property with 3 units containing 19 bedrooms and 0 full bathrooms. 1509 N Sedgwick Street is currently listed for $2,350,000 and was received on July 29, 2025. Want to learn more about 1509 N Sedgwick Street? Do you have questions about finding other Multi-Family real estate for sale in Near North Side? You can browse all Near North Side real estate or contact a Coldwell Banker agent to request more information.

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