1843 W 54th St Chicago, IL 60609

Interior

• Basement: Unfinished

Location

• Area: CHI - New City
• County: Cook
• Township: Lake
• Driving Directions: A fully updated, turnkey 6unit building offering strong cashflow potential and peace of mind. A beautifully renovated multifamily asset where every unit has been thoughtfully upgraded. Each apartment features new kitchens, modern bathrooms, and refreshed flooring, creating a clean, contemporary living experience that attracts quality tenants and minimizes maintenance headaches. The building is fully compliant with all current Chicago building codes, giving buyers confidence in a smooth inspection process and longterm stability. With six updated units and solid rental demand in the area, this property offers a healthy spread once fully occupied, making it an excellent addition to any investor's portfolio-whether you're expanding or stepping into multifamily ownership for the first time. A rare opportunity to acquire a wellmaintained, incomeproducing building in a growing pocket of Chicago.
• Location Details: Corner

Heating & Cooling

• Heating Type: Forced Air, Separate per Unit, Individual Furnaces

Utilities

• Water: Municipal Water
• Trash: 1800

Structural Information

• Construction: Brick
• Exterior Const.: Brick
• Basement: Yes
• Basement Desc.: Unfinished
• Foundation: Concrete Perimeter
• Stories/Levels: 3
• Current Bldg. Use: Multi-Family
• Year Built: 1913
• Built Before 1978: Yes

Unit Information

• Units w/Refrigerators: 6
• Units w/Range/Oven: 6

Lot Features

• Lot Size (Sq. Ft.): 5,517
• Lot Dimensions: 125 x 50
• Zoning: MULTI

Financial Considerations

• Maint. Fee: $2,000
• Insurance Fee: $5,000
• Operating Expenses: $15,900
• Assessment Year: 1913
• Tax Amount: $7,063.28
• Tax Year: 2024
• Tenant Pays: Electricity, Heat
• Pays Electric: 100
• Pays Trash: 1800

Disclosures and Reports

• Property ID: 20074260180000