1542 W Chestnut Street, Chicago, IL 60642 - Photo 1

1/1

$1,100,000

Sold
Closed
Commercial
3,600 Sq. Ft.

1/1

Property Description

THEE Quintessential Turn Key Investment at 1542 West Chestnut Street, Chicago Illinois 60642! | Nestled between the Wicker Park & River West Neighborhoods | This Multi-Family Property within Two Well-Kept Buildings in HOT WEST TOWN has a Total of 5 Units designed with (3) Two Bedrooms / One Bathroom and (2) One Bedroom / One Bathroom Apartments with Hardwood Floored Living Areas and Carpeted Bedrooms | Each Apartment has Individual GFA Heating Systems | Commodious & Money Making Floor Plans | Roomy Private Decks/Space for each Apartment | Coin-Operated Common Area Laundry Facility | Tenants responsible for Gas (Heat & Cooking) & Electricity. LOW OPERATING EXPENSES | FULLY LEASED/Occupied with Solid Leases | Separate Water Heaters and GFA Heating Systems for Each Apartment | The Front Building's Apartments are equipped with Central A/C Units | Wall A/C Units provide ample cooling for the Coach House Residents | Well-Maintained & Professionally Self-Managed throughout its ownership.

Full Property Details

Full Property Details for 1542 W Chestnut St

General

Sold For: $1,100,000
Taxes: $17,723 (2023)
Status: Closed
Type: Commercial
Source: MRED
MLS ID: 12433504
Added to Site: 149 day(s) ago

Interior

Interior Features: Storage Inside, Other

Location

Area: CHI - West Town
County: Cook
Driving Directions: Ashland Ave to Chestnut St East to Property on the Northside of Chestnut St.
Location Details: Mixed-Use Area, Freestanding/Urban, In City Limits

Community

Assoc. Fees Include: None

Heating & Cooling

Cooling Type: Central Air Conditioning, Central Individual, Window Unit(s)
Heating Type: Central Heat/Individual Controls, Forced Air, Gas, Individual Furnaces

Utilities

Water: Municipal Water
Onsite: Sewer Connected, Cable Available

Structural Information

Construction: Wood, Vinyl Siding
Exterior Const.: Wood, Vinyl Siding
Basement Desc.: Unfinished, Crawl Space, Exterior Entry, Concrete
Foundation: Concrete Perimeter
Roof: Composition
Stories/Levels: 3
Square Feet: 3,600
Current Bldg. Use: Multi-Family
Year Built: 1878
Built Before 1978: Yes

Unit Information

Units w/Refrigerators: 5
Units w/Range/Oven: 5
# Dryers: 1

Lot Features

Lot Size (Sq. Ft.): 3,200
Lot Dimensions: 3200 sqft
Frontage: City Street
Potential Use: Multi-Family
Zoning: MULTI

Financial Considerations

Operating Expenses: $42,469
Assessment Year: 1878
Tax Amount: $17,723.4
Tax Year: 2023
Tenant Pays: Air Conditioning, Electricity, Heat, Hot Water

Disclosures and Reports

Documents Avail.: Leases, Legal-Description, Floor Plan, Operating Statement
Property ID: 17053190570000

Listed by Fulton Grace Realty
Sold by @properties Christie's International Real Estate

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Listing agents

— 1542 W Chestnut St —

Fulton Grace Realty

arnell@fultongrace.com

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Schools

Schools serving 1542 W Chestnut 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	0.1 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 1542 W Chestnut St

Date

Details

Price

Change

Source

10/01/2025

Sold

$1,100,000

-6.38%

MLS

8/20/2025

Listed

$1,175,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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1542 W Chestnut Street, Chicago, IL 60642 (MLS# 12433504) is a Commercial property that was sold at $1,100,000 on October 01, 2025. Want to learn more about 1542 W Chestnut 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.

1542 W Chestnut St Chicago, IL 60642