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$4,500,000
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Property Description
1732 W Hubbard presents a rare opportunity to acquire a well-maintained, multi-tenant 3-story office building with both immediate income and long-term upside. Positioned in the heart of Chicago's thriving West Loop / Fulton Market corridor, the property benefits from strong surrounding residential and commercial demand, convenient access to downtown, major expressways, and public transit. Spanning approximately 25,000+ square feet across three levels, the property offers a flexible layout suited for a variety of office, creative, or service-based users. The building is currently partially leased, generating in-place income with established tenants, while still offering significant vacancy for an owner-user or investor to customize and maximize returns. The layout allows for demising or full-floor users, making it equally attractive for investors seeking stabilized cash flow or businesses looking to occupy while offsetting expenses with rental income. This is a strategic acquisition for those looking to plant a flag in one of Chicago's most dynamic and evolving submarkets.
Full Property Details
Full Property Details for 1732 W Hubbard St
General
- Price: $4,500,000
- Taxes: $115,041 (2024)
- Status: Active
- Type: Office
- Source: MRED
- MLS ID: 12587922
- Updated: 3/26/2026
- Added to Site: 27 day(s) ago
Additional Information
- Security/Safety: Sprinklers (Wet)
Location
- Area: CHI - West Town
- County: Cook
- Township: West Chicago
- Driving Directions: Heading west on Hubbard from Ashland, the property will be just past Hermitage on the right at 1732.
- Location Details: East/West Corridor, Downtown Chicago, Mixed-Use Area
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Forced Air
Structural Information
- Stories/Levels: 3
- Square Feet: 23,500
- Year Built: 1914
- Built Before 1978: Yes
Lot Features
- Lot Size (Sq. Ft.): 8,475
- Lot Dimensions: 75 x 113
Financial Considerations
- Lease Price: $30
- For Sale/Rent/Lease: For Sale or Rent
- Operating Expenses: $44,520
- Security Deposit: Sprinklers-Wet
- Assessment Year: 1914
- Tax Amount: $115,041.5
- Tax Year: 2024
- Tenant Pays: Common Area Maintenance, Insurance, Scavenger, Sewer, Varies by Tenant, All Utilities
Disclosures and Reports
- Property ID: 17072310080000
Listed by Berkshire Hathaway HomeServices Chicago
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Schools
Schools serving 1732 W Hubbard St
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Talcott Elementary School 1840 West Ohio Street, Chicago, IL 60622 | K-8 | 0.2 mi |
Wells Community Academy High School 936 North Ashland Avenue, Chicago, IL 60622 | 9-11 | 0.7 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1732 W Hubbard St
Date
Details
Price
Change
Source
3/09/2026
Listed
$4,500,000
45.16%
MLS
12/16/2024
Sold
$3,100,000
—
Public Record
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
Tax History for 1732 W Hubbard St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$168,591
3%
$796,313
—
2022
$164,346
2%
$796,313
—
2021
$160,657
3%
$796,313
14%
2020
$155,693
298%
$696,582
259%
2019
$39,091
2%
$193,921
—
2018
$38,430
17%
$193,921
28%
2017
$32,754
8%
$151,632
—
2016
$30,370
9%
$151,632
—
2015
$27,786
7%
$151,632
8%
2014
$25,988
2%
$140,070
—
2013
$25,475
1%
$140,070
—
2012
$25,135
—
$140,070
—
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 1732 W Hubbard St
1732 W Hubbard Street, Chicago, IL 60622 (MLS# 12587922) is a Office property. 1732 W Hubbard Street is currently listed for $4,500,000 and was received on March 09, 2026. Want to learn more about 1732 W Hubbard Street? Do you have questions about finding other Office 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.

