HOW MUCH WOULD YOU LIKE TO OFFER FOR THIS PROPERTY?
Additional details
$ 1,150,000
Est. payment | /mo
5,796 SqFt
$ 1,150,000
Est. payment | /mo
5,796 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 5,796 sqft
Price per Sqft $198
MLS Listing ID 12623476
Maintenance Fees $1,000
Year Built 1979
Annual Tax Amount $21,511
Tax Year 2024
Lot Size 0.300 Acres
Lot Dimensions 100 x 131
Property Sub-Type Multi Family 5+
Property Description
Welcome to 269 7th Street, Wheeling-an exceptional opportunity to own a well-maintained, all-brick six-unit multi-family building in a highly desirable location. This investment property features three 2-bedroom/1-bath units and three 1-bedroom/1-bath units, all currently occupied, providing immediate income. Value-add potential is a key highlight, as current rents are below market. With two month-to-month tenancies and two below-market leases approaching renewal, the next owner has the opportunity to increase rents and make updates or enhancements at their discretion. Interiors vary in updates but all units feature durable wood laminate flooring. Additional income is generated through a coin-operated laundry in the basement. The property also offers 14 parking spaces, with a newly repaved driveway in 2025. Per owner, major mechanicals include a boiler replaced in approximately 2024, water heaters approximately 5-6 years old, and a roof approximately 10-15 years old. Ideally located in one of Wheeling's most accessible and walkable neighborhoods, on a quiet dead-end street with a mix of residential homes, including single-family properties, the building is just minutes from shopping, dining, the Wheeling Park District, and the vibrant Wheeling Town Center. It is also near the well-known Restaurant Row along Milwaukee Avenue, a historic and popular dining destination. With solid construction, strong tenancy, and clear upside potential, this property is ideal for both seasoned investors and those looking to grow their portfolio. Rare opportunity in today's low-inventory market-don't miss your chance to capitalize on this income-generating asset.
Location
State IL
County Cook
Area Wheeling
Zoning MULTI
Interior
Cooling Wall Sleeve, Window Unit(s)
Fireplace N
Building
Dwelling Type Multi Family 5+
Structure Type Brick
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Carla Visoky of Berkshire Hathaway HomeServices Chicago
Nearby Locations
GET MORE INFORMATION