1640 N Talman Avenue, Chicago, IL 60647
Local realty services provided by:ERA Naper Realty
1640 N Talman Avenue,Chicago, IL 60647
$1,399,888
- 8 Beds
- 8 Baths
- - sq. ft.
- Multi-family
- Active
Listed by:lynn reidl
Office:forza advantage realty
MLS#:12482267
Source:MLSNI
Price summary
- Price:$1,399,888
About this home
Incredible opportunity to own a fully rebuilt 4-unit building bordering Chicago's West Town and Humboldt Park just one block from the 606 Trail. Perfect for an owner-occupant or investor, this 2021 complete gut renovation with new roof, gutters, drain tile waterproofing, all-new electrical, plumbing, HVAC, and luxury finishes throughout. Each of the four 2 bed, 2 bath units is equipped with in-unit laundry, stainless steel appliances, individual furnaces, hot water heaters, and central air. The two first-floor units are duplex-downs, while the upper floors are spacious simplexes. Tenants pay utilities: Gas & Electricity. A new concrete parking pad in the rear provides three parking spaces, along with brand-new steel and wood decking creating an inviting outdoor space for dining, relaxing, or entertaining. Just steps away, the 606 Trail offers a vibrant example of urban reuse-transforming an old rail line into an elevated green-way that connects several neighborhoods through miles of trails, parks, and public art, promoting a healthy, active lifestyle in the heart of the city. Enjoy strong rental income, low taxes, and low maintenance expenses in a high-demand location walking distance to the Blue Line and some of the city's best dining, shopping, and green space. Ideal for owner-occupants looking to leverage rental income from three additional units, or for investors seeking a property with a solid cap rate.
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Home facts
- Year built:1897
- Listing ID #:12482267
- Added:1 day(s) ago
- Updated:September 29, 2025 at 11:41 AM
Rooms and interior
- Bedrooms:8
- Total bathrooms:8
- Full bathrooms:8
Heating and cooling
- Heating:Forced Air, Natural Gas
Structure and exterior
- Roof:Asphalt
- Year built:1897
Schools
- High school:Moos Elementary School
- Middle school:Clemente Community Academy Senio
- Elementary school:Moos Elementary School
Utilities
- Water:Lake Michigan
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,399,888
- Tax amount:$13,984 (2022)
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