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Property Description
Incredible opportunity for a savvy buyer. This well maintained 3-flat can be a turnkey investment. Or an owner occupant can have most of their monthly expenses covered by tenants. Current monthly income of $6,300/month and a 6% cap rate. The top floor duplex up features three bedrooms, 2 full bathrooms . The large eat-in kitchen leads out to a back deck perfect for grilling and entertaining. The second level has TONS of extra storage and a bonus office/work space. This large unit lives like a single family home. ($2,650/month - Unit 2 improvements: AC 2022, furnace 2023, water heater 2021). First floor unit is a 2 bed,1 bath with a large eat-in kitchen and a back deck. ($2,100/month - Unit 1 improvements: AC 2022, furnace 2018, fridge 2020, bathroom renovated 2019). Garden unit is a 1 bed, 1 bath. ($1,550/month - renovated bathroom 2018). TENANTS PAY ELECTRIC/GAS. The owner only pays for water, trash and insurance. Common laundry in the basement. 2 car garage. Owners have taken excellent care of the property and IMPROVEMENTS INCLUDE new siding 2017, new electric panels 2019, new front windows 2021, new washer/dryer 2022, new water pump 2023, new fence & landscaping 2025. The unit is currently fully rented. Units G & 2 rented through May 2026. Unit 1 will be vacant as of June 1 2025 and could be an owner occupant or easily rented at an INCREASED RATE from its current $2100 month (estimated new rental rate would be $2300-$2400). LOCATION CANNOT BE BEAT. Just steps from Whole Foods, Target, Brown Line L, and all the shops and restaurants of Lakeview.
Full Property Details
Full Property Details for 1535 W Barry Ave
General
- Sold For: $950,000
- Taxes: $15,356 (2023)
- Status: Closed
- Type: Multi-Family
- Source: MRED
- MLS ID: 12356736
- Added to Site: 288 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 4
Bedrooms
- Total Bedrooms: 6
Additional Information
- Equipment: Carbon Monoxide Detectors, Ceiling Fan(s)
Parking
- Garage: Yes
- Garage Spaces: 2
- Total Spaces: 2
- Parking Features: Garage Door Opener, On Site, Garage Owned, Detached, Garage
- Parking On-Site: Yes
Location
- Area: CHI - Lake View
- County: Cook
- Driving Directions: Lincoln Ave to Barry go west to property
School Information
- School District: 299
- Midd School District: 299
- Elementary School: Burley Elementary School
Heating & Cooling
- Heating Type: Sep Heating Systems - 2+
Utilities
- Water: Public
Structural Information
- Construction: Frame
- Exterior Const.: Frame
- Basement Desc.: Finished, Full
- Year Built: 1886
- Built Before 1978: Yes
Unit Information
- Units in Building: 3
Lot Features
- Lot Size (Acres): 0.07
- Lot Size Range: Standard Chicago Lot
- Lot Dimensions: 25 x 125
- Zoning: MULTI
Financial Considerations
- Parking Included: Yes
- Assessment Year: 1886
- Tax Amount: $15,356.2
- Tax Year: 2023
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: List Broker Must Accompany
- Property ID: 14291080120000
Listed by @properties Christie's International Real Estate
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Schools
Schools serving 1535 W Barry Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Burley Elementary School 1630 West Barry Avenue, Chicago, IL 60657 | K-8 | 0.1 mi |
Lake View High School 4015 North Ashland Avenue, Chicago, IL 60613 | 9-12 | 1.2 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 1535 W Barry Ave
Date
Details
Price
Change
Source
6/18/2025
Sold
$950,000
5.67%
MLS
5/08/2025
Listed
$899,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1535 W Barry Avenue, Chicago, IL 60657 (MLS# 12356736) is a Multi-Family property that was sold at $950,000 on June 18, 2025. Want to learn more about 1535 W Barry Avenue? Do you have questions about finding other Multi-Family real estate for sale in LakeView? You can browse all LakeView real estate or contact a Coldwell Banker agent to request more information.


