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$540,000
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Full Property Details
Full Property Details for 1843 W 54th St
General
- Sold For: $540,000
- Taxes: $7,063 (2024)
- Status: Closed
- Type: Commercial
- Source: MRED
- MLS ID: 12551895
- Added to Site: 238 day(s) ago
Location
- Area: CHI - New City
- County: Cook
- 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
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- 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
- Operating Expenses: $15,900
- Assessment Year: 1913
- Tax Amount: $7,063.28
- Tax Year: 2024
- Tenant Pays: Electricity, Heat
Disclosures and Reports
- Property ID: 20074260180000
Listed by Landmark Property Management, Inc.
Sold by I.D.S. Realty, Inc.
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Schools
Schools serving 1843 W 54th St
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Fulton Elementary School, Chicago, IL 5300 South Hermitage Avenue, Chicago, IL 60609 | PK-8 | 0.2 mi |
Tilden Career Communty Academy High School 4747 South Union Avenue, Chicago, IL 60609 | 9-12 | 1.7 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 1843 W 54th St
Date
Details
Price
Change
Source
9/11/2026
Sold
$540,000
-1.64%
MLS
1/21/2026
Listed
$549,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1843 W 54th Street, Chicago, IL 60609 (MLS# 12551895) is a Commercial property that was sold at $540,000 on September 11, 2026. Want to learn more about 1843 W 54th Street? Do you have questions about finding other Commercial real estate for sale in New City? You can browse all New City real estate or contact a Coldwell Banker agent to request more information.

