1507 W George Street, Chicago, IL 60657

Chicago
Local realty services provided by:ERA Naper Realty
1507 W George Street,Chicago, IL 60657
$1,395,000
  • 7 Beds
  • 5 Baths
  • - sq. ft.
  • Multi-family
  • Pending
Listed by: cory tanzer, serena phillips
Office: option premier llc.
MLS#:12705120
Source:MLSNI

Price summary

  • Price:$1,395,000

About this home

Incredible Lakeview investment opportunity with RT-3.5 zoning, allowing for two-flats, townhouses, low-density apartment buildings, and single-family homes. Currently generating below market value $7,000/month in rental income with substantial upside through aesthetic renovations and rental increases, this property is being offered as a portfolio of three individual condo PINs, with the potential to convert to a single tax PIN. Constructed in 1994, the 4-story BRICK & BLOCK building features three units totaling 7 bedrooms and 4 bathrooms. Unit #3 is a spacious 3 bed/2 bath duplex-up with vaulted ceilings and streaming natural light - 1,862sqft, Unit #2 is a 2 bed/1 bath - 919sqft, and Unit #1 is a 2 bed/1 bath garden-level unit - 907sqft. ALL units feature private rear balconies and are individually metered and include in-unit washer and dryer, central HVAC, and individual water heaters. The property also offers a private fenced backyard and three rear parking spaces on a parking...

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Home facts

  • Year built:1994
  • Listing ID #:12705120
  • Updated:September 06, 2026 at 08:12 AM

Rooms and interior

  • Bedrooms:7
  • Total bathrooms:5
  • Full bathrooms:4
  • Half bathrooms:1
  • Rooms Total:17

Heating and cooling

  • Heating:Natural Gas

Structure and exterior

  • Year built:1994

Utilities

  • Water:Lake Michigan
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,395,000
  • Tax amount:$29,814 (2024)

Parking

  • Total parking spaces:3
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