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$1,200,000 Just Listed
Property Description
HOT WEST TOWN Multi-Family 4 Unit Property- separate front brick facade building featuring 2 units plus a garden unit (Non-conforming garden unit-with no representation of legality of garden unit) and a separate rear building offering an additional 2 one bedroom, one bath units with hardwood floors, all units have Individual Space Heat. Coin-Operated Common Area Laundry Facility. Additional room, and water closet in the lower level for the owner's personal use only. Nice deck in yard, 2 rear parking spaces with privacy gate. Immediate income increase by renting the 2 parking spaces. Easy access to public transportation, just steps to the blue line, grocery stores, convenient highway access, popular restaurants, entertainment, and minutes to River West, Fulton Market and downtown. Build your dream home, hold for long term investment, 1031x, offers R3 zoning. Many possibilities.
Full Property Details
Full Property Details for 1542 W Thomas St
General
- Price: $1,200,000
- Taxes: $6,663 (2024)
- Status: Active
- Type: Multi-Family
- Source: MRED
- MLS ID: 12644332
Rental Information
- Complex Features: Curbs, Sidewalks, Street Lights, Street Paved
Interior
- Basement: Partially
Rooms
Bathrooms
- Total Bathrooms: 5
- Upper - Full Baths: 5
Bedrooms
- Total Bedrooms: 5
Additional Information
- Other Features: Commuter Bus, Commuter Train, Interstate Access
Parking
- Total Spaces: 2
- Parking Features: Off-Alley, Yes, Owned
Location
- Area: CHI - West Town
- County: Cook
- Township: West Chicago
- Driving Directions: Thomas runs one way East from Ashland.
School Information
- School District: 299
- Elem School District: 299
- Midd School District: 299
- High School District: 299
- Elementary School: Otis Elementary School
- High School: Wells Community Academy Senior H
- Private School: Wells Community Academy Senior H
Heating & Cooling
- Heating Type: Space Heater
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Frame
- Exterior Const.: Frame
- Basement: Yes
- Basement Desc.: Partially Finished, Exterior Entry, Storage Space, Full, Daylight
- Year Built: 1891
- Built Before 1978: Yes
Unit Information
- Units in Building: 4
Lot Features
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 24 x 124
- Zoning: MULTI
Financial Considerations
- Parking Included: Yes
- Assessment Year: 1891
- Tax Amount: $6,663.82
- Tax Year: 2024
- Pays Sewer: Public Sewer
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: List Broker Must Accompany
- Property ID: 17053010220000
Listed by @properties Christie's International Real Estate
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Schools
Schools serving 1542 W Thomas St
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Otis Elementary School 525 North Armour Street, Chicago, IL 60642 | K-8 | 0.7 mi |
Wells Community Academy High School 936 North Ashland Avenue, Chicago, IL 60622 | 9-11 | 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.
Tax History
Tax History for 1542 W Thomas St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$17,925
—
$86,676
2%
2023
$17,925
3%
$84,704
—
2022
$17,422
81%
$84,704
—
2021
$9,651
42%
$84,704
131%
2020
$6,799
-2%
$36,727
-11%
2019
$6,913
-7%
$41,266
—
2018
$7,473
-45%
$41,266
-34%
2017
$13,497
7%
$62,700
—
2016
$12,558
9%
$62,700
—
2015
$11,490
27%
$62,700
29%
2014
$9,038
2%
$48,713
—
2013
$8,860
1%
$48,713
—
2012
$8,741
—
$48,713
—
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 1542 W Thomas St
1542 W Thomas Street, Chicago, IL 60642 (MLS# 12644332) is a Multi-Family property with 4 units containing 5 bedrooms and 0 full bathrooms. 1542 W Thomas Street is currently listed for $1,200,000 and was received on September 04, 2026. Want to learn more about 1542 W Thomas Street? Do you have questions about finding other Multi-Family 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.
