Listing provided courtesy of Chicago Real Estate ResourcesMREDas Distributed by MLSGrid- MLS# 12682951MLS Provider

1246 N Artesian AvenueChicago, IL 60622

Commercial · 3 Beds
$2,700,000 Active

1246 N Artesian Avenue Overview

Time on Site:
7 days
Visits:
0

CRER is proud to exclusively present 1246 N Artesian Ave, a fully gut-renovated 8-unit multifamily asset located in the heart of Chicago's premier West Town neighborhood. This turnkey building features a highly desirable unit mix of predominantly 2-bedroom apartments, each outfitted with modern finishes, updated layouts, and secure digital entry systems, all set on a quiet, tree-lined street. The property has undergone a comprehensive, top-to-bottom renovation, delivering a truly stabilized asset with immediate in-place cash flow and minimal capital expenditure requirements. Investors benefit from a low-maintenance building with strong operating fundamentals and long-term durability. Strategically positioned just off the bustling Division Street corridor, the asset is surrounded by some of the city's best dining, nightlife, and boutique retail, while offering seamless access to public transportation. This prime location continues to drive consistent tenant demand and strong rental performance. Opportunities to acquire a fully renovated, income-producing asset of this caliber in West Town are exceedingly rare. 1246 N Artesian Ave offers investors a compelling blend of stability, location, and long-term upside in one of Chicago's most sought-after rental markets.

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1246 N Artesian Avenue Facts & Features

  • Type Commercial

Details

General

Income/Expenses

  • Other Expense: 6481
  • Electric Expense: 2596
  • Fuel Expense: 5709
  • Gross Income: 214800
  • Insurance Expense: 7698
  • Maintenance Expense: 2000
  • Net Operating Income: 161927
  • Operating Expense: 54092
  • Trash Expense: 2665
  • Water Sewer Expense: 2593

Building Information

  • Year Built: 1889

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: CHI - West Town

Tax Information

  • Tax Annual Amount: $21,850.00
  • Tax Year: 2025

General Information

  • Parcel Number: 16012280220000
  • Property Type: Commercial Sale

Interior

General Information

  • Stories: 3

Exterior

Lot Information

  • Additional Parcels: No
  • Lot Size Dimensions: 25X126

General Information

  • Number Of Units Total: 8

Unit Information

Unit 1 Details

  • Unit Type: Unit 1
  • Beds Total: 2
  • Baths Total: 1
  • Units Total: 7

Unit 2 Details

  • Unit Type: Unit 2
  • Beds Total: 1
  • Baths Total: 1
  • Units Total: 1

Unit 3 Details

  • Unit Type: Unit 3
  • Beds Total: 0
  • Units Total: 0

Unit 4 Details

  • Unit Type: Unit 4
  • Beds Total: 0
  • Units Total: 0

Unit 5 Details

  • Unit Type: Unit 5
  • Beds Total: 0
  • Units Total: 0

Unit 6 Details

  • Unit Type: Unit 6
  • Beds Total: 0
  • Units Total: 0

Unit 7 Details

  • Unit Type: Unit 7
  • Beds Total: 0
  • Units Total: 0

1246 N Artesian Avenue Neighborhood

Community

60622 (Chicago) Demographics

32
Median Age
21,403
Population Density (per sq. mile)
75%
College Educated
$106,128
Estimated Median Income
9,607
Estimated Total Home Owners
14,690
Estimated Total Renters
40% / 60%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

1246 N Artesian Avenue Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1246 N Artesian Avenue Market Data

Based on the last 30 days in this zip code

$864,928
Average List Price
$719
Average Price per Square Foot
65
Properties Sold
37
Average Days on Market
143
Properties for Sale
Calculations provided by Reliance Network

1246 N Artesian Avenue History

Date Event Value Agent
6/29/2026Source: MRED Status Change
Active
6/22/2026Source: MRED Added to Database
June 22, 2026
6/20/2022Source: MRED Added to Database
January 27, 2022
6/20/2022Source: MRED Added to Database
January 27, 2022