1645 N Wells Street, Chicago, IL 60614 - Photo 1

1/1

$5,000,000

Sold
Closed
Commercial
12,068 Sq. Ft.

1/1

Property Description

Fully Renovated 15-Unit building in the Heart of Old Town. Everything was done on this property - new roof, windows, massive back decks, water service, electrical service, insulation including gypcrete and blown in insulation between floors, kitchens, baths, plumbing, HVAC, electrical, and more. Truly a turn-key property with additional upside through rental increases and implementing bundles services/internet fees. Easy access to public transit, Old Town shops and restaurants. There is one small commercial tenant in the front of the building on a 5 year lease.

Full Property Details

Full Property Details for 1645 N Wells St

General

Sold For: $5,000,000
Taxes: $35,686 (2023)
Status: Closed
Type: Commercial
Source: MRED
MLS ID: 12388054
Added to Site: 217 day(s) ago

Location

Area: CHI - Lincoln Park
County: Cook
Driving Directions: From North Avenue and Wells Street. North to 1645 on the east side of the street

Heating & Cooling

Cooling Type: Central Air Conditioning, Central Individual
Heating Type: Central Heat/Individual Controls

Structural Information

Construction: Brick
Exterior Const.: Brick
Basement Desc.: Finished
Stories/Levels: 3
Square Feet: 12,068
Year Built: 1935
Built Before 1978: Yes

Unit Information

Units w/Refrigerators: 14
Units w/Range/Oven: 14
# Dryers: 14

Lot Features

Lot Size (Sq. Ft.): 4,896
Lot Dimensions: 32 x 153

Financial Considerations

Operating Expenses: $96,016
Assessment Year: 1935
Tax Amount: $35,686.25
Tax Year: 2023
Tenant Pays: Electricity, Heat, Hot Water

Disclosures and Reports

Property ID: 14334230450000

Listed by 33 Realty
Sold by Baird & Warner

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— 1645 N Wells St —

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Schools

Schools serving 1645 N Wells St

School District:Chicago Public School District 299

Name	Grades	Distance
Lincoln Elementary School, Chicago, IL 615 West Kemper Place, Chicago, IL 60614	K-8	1 mi
Lincoln Park High School, Chicago, IL 2001 North Orchard Street, Chicago, IL 60614	9-12	0.7 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 1645 N Wells St

Date

Details

Price

Change

Source

8/29/2025

Sold

$5,000,000

-7.32%

MLS

6/12/2025

Listed

$5,395,000

—

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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Just Listed

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Just Listed

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Single Family
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Updated 5 hours ago

6
Beds
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Updated 17 hours ago

3
Beds
1
Total Bath
1,110
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Price Reduced

-$10,000 (-3.23%)

$299,900

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Updated 3 days ago

3
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2
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Sold

$4,650,000

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Single Family
Closed

4
Beds
6
Total Baths
7,528
Sq. Ft.

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$5,100,000

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Single Family
Closed
Updated 3 days ago

5
Beds
9
Total Baths
7,600
Sq. Ft.

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$4,534,000

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Closed

7
Beds
7
Total Baths
6,500
Sq. Ft.

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Sold

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6
Beds
6
Total Baths

1645 N Wells Street, Chicago, IL 60614 (MLS# 12388054) is a Commercial property that was sold at $5,000,000 on August 29, 2025. Want to learn more about 1645 N Wells Street? Do you have questions about finding other Commercial real estate for sale in Lincoln Park? You can browse all Lincoln Park real estate or contact a Coldwell Banker agent to request more information.

1645 N Wells St Chicago, IL 60614