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1535 W Estes Ave
Chicago, IL 60626
1535 W. Estes Ave · Multifamily Property For Sale
·
4 Units
Investment Highlights
- Complete Renovation in 2025
- Beautiful Limestone & Brick Building
- Huge 2300 SF Units
- Great Location Close to Lake & Schools
Executive Summary
Introducing 1535 West Estes Avenue, located in the heart of East Rogers Park! This 2025 beautiful, enormous, completely renovated to the studs 4 unit multi-family building features top-notch design and craftsmanship throughout. The property sits on a huge 30x180 foot lot located on a quiet street and showcases exquisite gorgeous limestone as well as new tuckpointing, a complete tear off roof, all new windows, imported European doors, newly built back private decks, a fresh foundation, and an elegant custom interior staircase and lobby. This 4 unit property comprises three spacious 2,300 square foot units, each offering sweeping open layouts with city views and abundant natural light. Each unit has been completely updated with modern finishes from top to bottom. The kitchens are equipped with stainless steel GE appliances, quartz countertops, and stylish cabinets. Each unit also includes two full bathrooms with upscale finishes, as well as side-by-side in-unit laundry, fully updated electrical systems, new flooring, and high ceilings.The three upper units consist of three bedrooms and two full bathrooms, while the garden-level fourth unit offers two bedrooms, one full bath, and 10-foot ceilings. Residents can enjoy a sleek modern common lobby, private decks, and enter a private entrance to their three-car garage with fresh epoxy flooring. Conveniently located near two Red Line stations and within walking distance to Loyola Beach, Loyola University as well as being very close to Evanston; this property truly offers it all! A Major League turnkey Investment Property opportunity to build wealth with instant cash flow or convert into a condo building! Suitable for newbie investors who can house hack their way into luxury!
Property Facts
| Price Per Unit | $587,500 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 7.45% | Lot Size | 0.12 AC |
| Sale Condition | 1031 Exchange | Building Size | 6,768 SF |
| No. Units | 4 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1930/2025 |
| Property Subtype | Apartment | ||
| Zoning | RT-4 - Multifamily Zoning | ||
| Price Per Unit | $587,500 |
| Sale Type | Investment |
| Cap Rate | 7.45% |
| Sale Condition | 1031 Exchange |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 6,768 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1930/2025 |
| Zoning | RT-4 - Multifamily Zoning |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Fireplace
- Microwave
- Washer/Dryer
- Washer/Dryer Hookup
- Security System
- Ceiling Fans
- Double Vanities
- Eat-in Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Breakfast Nook
- Deck
- Dining Room
- Family Room
- Quartz Countertops
Site Amenities
- 24 Hour Access
- Controlled Access
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 1 | $3,250 | 1,600 |
| 3+2 | 3 | $3,750 | 2,300 |
Property Taxes
| Parcel Number | 11-32-104-005-0000 | Improvements Assessment | $97,850 |
| Land Assessment | $12,150 | Total Assessment | $110,000 |
Property Taxes
Parcel Number
11-32-104-005-0000
Land Assessment
$12,150
Improvements Assessment
$97,850
Total Assessment
$110,000
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