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Listing provided courtesy of @properties Christie's International Real EstateMREDas Distributed by MLSGrid- MLS# 12676923MLS Provider

1508-1512 W Farwell AvenueChicago, IL 60626

Commercial · 7 Beds
$5,700,000 Active

1508-1512 W Farwell Avenue Overview

Time on Site:
17 days
Visits:
0

COURT YARD BUILDING! 22-Unit Apartment Building with 22 Parking Spaces - Prime Rogers Park Location. Exceptional investment opportunity in the heart of Rogers Park! This solid brick 22-unit multi-family building includes a rare 22 adjacent parking spaces, all included in the sale. The property has been mostly remodeled with updated kitchens and bathrooms, offering strong rental appeal and low maintenance moving forward. Roof is newer. Unit mix includes 2-bedroom, 1-bedroom, and studio apartments, providing versatility and broad tenant demand. There are 3 units that could easily be converted to 3 bedroom apartments. Additional highlights: On-site laundry for added income Walking distance to the Red Line train Strong rental location with historically low vacancy. Adjacent parking lot included. Prime transit-oriented location makes this a highly desirable rental property with stable income potential.

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1508-1512 W Farwell Avenue Facts & Features

  • Type Commercial

Details

General

Income/Expenses

  • Other Expense: 1000
  • Electric Expense: 3368
  • Fuel Expense: 24575
  • Gross Income: 433480
  • Gross Scheduled Income: 483580
  • Insurance Expense: 15093
  • Maintenance Expense: 1200
  • Net Operating Income: 355432
  • Operating Expense: 128148
  • Trash Expense: 6755
  • Water Sewer Expense: 21106

Building Information

  • Year Built: 1963

Business Information

  • Current Use: Multi-Family

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: CHI - Rogers Park
  • Township: Rogers Park

Tax Information

  • Tax Annual Amount: $51,895.00
  • Tax Year: 2024

General Information

  • Parcel Number: 11321150180000
  • Possible Use: Condominium,Multi-Family
  • Property Type: Commercial Sale
  • Zoning: MULTI

Interior

General Information

  • Electric: Circuit Breakers
  • Foundation Details: Concrete Perimeter
  • Stories: 5

Exterior

Lot Information

  • Additional Parcels: Yes
  • Frontage Type: City Street
  • Lot Size Dimensions: 100x172
  • Lot Size Square Feet: 17200
  • Water Source: Municipal Water

Building Exterior/Construction

  • Construction Materials: Brick

General Information

  • Number Of Units Total: 22
  • Utilities: Sewer Connected,Water Available,Cable Available

Unit Information

Unit 1 Details

  • Unit Type: Unit 1
  • Beds Total: 1
  • Baths Total: 1
  • Units Total: 10

Unit 2 Details

  • Unit Type: Unit 2
  • Beds Total: 2
  • Baths Total: 2
  • Units Total: 3

Unit 3 Details

  • Unit Type: Unit 3
  • Beds Total: 2
  • Baths Total: 1
  • Units Total: 4

Unit 4 Details

  • Unit Type: Unit 4
  • Beds Total: 2
  • Baths Total: 1
  • Units Total: 4

Unit 5 Details

  • Unit Type: Unit 5
  • Beds Total: 0
  • Baths Total: 1
  • Units Total: 1

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

1508-1512 W Farwell Avenue Neighborhood

Community

60626 (Chicago) Demographics

34
Median Age
23,561
Population Density (per sq. mile)
54%
College Educated
$45,632
Estimated Median Income
5,870
Estimated Total Home Owners
17,172
Estimated Total Renters
25% / 75%
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.

1508-1512 W Farwell Avenue Monthly Cost

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Jeremy Woods
* 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.

1508-1512 W Farwell Avenue Market Data

Based on the last 30 days in this zip code

$299,428
Average List Price
$342
Average Price per Square Foot
31
Properties Sold
36
Average Days on Market
82
Properties for Sale
Calculations provided by Reliance Network

1508-1512 W Farwell Avenue History

Date Event Value Agent
6/18/2026Source: MRED Status Change
Active
6/12/2026Source: MRED Added to Database
June 12, 2026