1116 West Addison Street

Closed 10/3/25

Sold

Last Sold Price

$2,145,000

7 beds7 baths

1116 W Addison St, Chicago, IL 60613

Multi FamilyProperty Type

0.07 acresLot Size

1996Year Built

6 carsParking Spaces

Description

Prime Lakeview location just steps from iconic Wrigley Field! This beautifully renovated 3-flat offers a rare opportunity to own a turnkey, income-generating property in one of Chicago's most sought-after neighborhoods. Extensively rebuilt in 2020, the building features three spacious units with modern finishes and thoughtful design throughout. Each unit offers open layouts filled with natural light, tall ceilings, and new hardwood flooring (with carpet in the lower level of Unit 1). Kitchens have...Prime Lakeview location just steps from iconic Wrigley Field! This beautifully renovated 3-flat offers a rare opportunity to own a turnkey, income-generating property in one of Chicago's most sought-after neighborhoods. Extensively rebuilt in 2020, the building features three spacious units with modern finishes and thoughtful design throughout. Each unit offers open layouts filled with natural light, tall ceilings, and new hardwood flooring (with carpet in the lower level of Unit 1). Kitchens have been fully updated with new appliances, abundant cabinetry, and built-in storage, while the bathrooms showcase stylish new tile, vanities, and fixtures. Custom touches like shiplap ceilings, updated lighting, and built-ins add charm and character. All units include in-unit laundry, large bedrooms, generous closets, and additional storage. The lower level features private storage rooms for each unit along with shared bike storage. Brand-new rear decks provide ample space for outdoor dining and entertaining, and the property offers three rows of tandem parking (six spaces total), giving each unit its own designated parking row. The building's exterior boasts classic brick and stonework with a fenced front yard for added appeal. This property has been impeccably maintained by the same owner since 1996 and has never experienced a vacancy outside of the renovation period. Located in the highly rated Blaine School District and within walking distance to Wrigley, the Southport Corridor, restaurants, nightlife, public transit, and countless neighborhood amenities, this is a rare and valuable investment in the heart of Lakeview.

Sold By @properties Christie's International Real Estate

Listing closed: 10/03/2025 12:00 AM • Source: MRED as distributed by MLS GRID, MLS#: 12408879

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$13,447 per month

30 year fixed, 7.03% Interest

Principal and Interest

$11,451

Property Taxes

$1,996

HOA Dues

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Property Information for 1116 West Addison Street

Property Details

Taxes: $23,947 / year
MLS Type: Two to Four Units / 3 Flat
County: Cook County
Area: CHI - Lake View
Township: Lake View
Ownership: Fee Simple
Heat/Fuel: Natural Gas, Forced Air

Building Information

Residences: 3
Year Built: 1996
Lot Size: 0.07 AC / 3,125 SF

General Information

School Information

Elementary School District: 299
Elementary School: Blaine Elementary School

High School District: 299
Middle Or Junior School District: 229

Addtl Parking Information

Parking Details: Off Alley, Alley Access, On Site, Owned

Taxes and HOA Information

Additional Parcels: No

Property Information

Interior Features

Num Of Rooms: 17
Bedrooms Total: 7

Bedrooms (Below Grade): 0
Community Features: Park, Gated, Sidewalks, Street Lights, Street Paved
Bath Amenities: Double Sink
Basement Type: Finished, Exterior Entry, Concrete, Rec/Family Area, Storage Space, Full, Daylight
Bedrooms Possible: 7
# Full Baths in Building: 6
# Half Baths in Building: 1
Num of Baths: 6.1

Utilities / Equipment

Sewer: Sewer-Public
Water: Lake Michigan

Other Equipment: CO Detectors

Property/Lot Information

New Construction YN: No
Rebuilt: No

Rehabilitated: Yes
Rehab Year: 2020
Built Before 1978: No
Age: 26-30 Years
Lot Size: Standard Chicago Lot
Lot Dimensions: 25 X 125
Total # Units in Building: 3.0
Waterfront: No
Exterior Building Type: Brick, Limestone
Construction: Brick, Limestone
General Information: Commuter Bus,Commuter Train
North Coordinate: 3600
South Coordinate: 0
East Coordinate: 0
West Coordinate: 1116
3 Br Un In Bldg: Yes

Property and Assessments

Public Document Count: 0
Photos Count: 52

OpenHouse Count: 0

Virtual Tour/Additional Media

Virtual Tour: None
Virtual Tour YN: No

Multi Family

Income & Expenses

Gross Income: $147,948.00
Insurance Expense: $4,473.00

Maintenance Expense: $1,800.00
Insurance Expense Source: Actual
Other Addl Income: Other
Other Expense Source: Owner Projection
Repairs-Decor Expense Source: Owner Projection
Water Expense Source: Owner Projection
Net Operating Income: $116,048.00
Professional Management Expense: $600.00
Water Sewer Expense: $1,080.00
Other Expenses $: 1800

Unit 1

Unit Type Actual Rent: $4,766.00
Unit Type Baths Total: 3

Unit Type Beds Total: 3
Unit Type Type: Unit 1
Lease Expiration Date: 04/27

Unit 2

Unit Type Actual Rent: $3,713.00
Unit Type Baths Total: 2

Unit Type Beds Total: 2
Unit Type Type: Unit 2
Lease Expiration Date: 04/26

Unit 3

Unit Type Actual Rent: $3,850.00
Unit Type Baths Total: 2

Unit Type Beds Total: 2
Unit Type Type: Unit 3
Lease Expiration Date: 04/26

Property History for 1116 West Addison Street

Date	Event & Source	Price	Appreciation
Oct 3, 2025	Sold MRED #12408879	$2,145,000	—
Sep 30, 2025	Sold (Public Record) Public Record #1916541074	$2,145,000	—
Aug 8, 2025	Pending MRED #12408879		—
Aug 8, 2025	Contingent MRED #12408879		—
Jul 8, 2025	Listed (Active) MRED #12408879	$2,195,000	—
Oct 3, 2022	Cancelled MRED #11433573	$2,150,000	—
Jun 13, 2022	Listed (Active) MRED #11433573	$2,150,000	—

Date	Event & Source	Price
10/03/2025	Sold MRED #12408879	$2,145,000
09/30/2025	Sold (Public Record) Public Record #1916541074	$2,145,000
08/08/2025	Pending MRED #12408879	—
08/08/2025	Contingent MRED #12408879	—
07/08/2025	Listed (Active) MRED #12408879	$2,195,000
10/03/2022	Cancelled MRED #11433573	$2,150,000
06/13/2022	Listed (Active) MRED #11433573	$2,150,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public records

1116 West Addison Street

Baths

4.5

Total Finished SqFt

4,152 SqFt

Above Grade Finished SqFt

4,152 SqFt

Stories

Lot Size

3,125 SqFt

Style

Multi-Family Res (5+ Units)

Schools near 1116 West Addison Street

This home is within Chicago Public Schools.


Rating	School	Type	Grades	Distance
9/10	Blaine Elementary School	Public - Serves this home	PK to 8	0.5 mi
3/10	Lake View High School	Public - Serves this home	9 to 12	0.8 mi
7/10	Inter-American Elementary Magnet School	Public - Choice school	PK to 8	0.3 mi
10/10	Hawthorne Elementary Scholastic Academy	Public - Choice school	K to 8	0.3 mi
7/10	Walt Disney Magnet School	Public - Choice school	PK to 8	0.8 mi
1/10	YCCS-Truman Middle College HS	Charter - Choice school	9 to 12	1.2 mi
NR	Kc's Academy Of Early Childhood Education	Private - Nearby school	PK to 1	0.5 mi
NR	Bernard Zell Anshe Emet Day School	Private - Nearby school	PK to 8	0.5 mi
NR	St Luke Academy	Private - Nearby school	PK to 3	0.7 mi


Rating	School	Distance
9/10	Blaine Elementary School PublicPK to 8 Serves this home	0.5 mi
3/10	Lake View High School Public9 to 12 Serves this home	0.8 mi
7/10	Inter-American Elementary Magnet School PublicPK to 8 Choice school	0.3 mi
10/10	Hawthorne Elementary Scholastic Academy PublicK to 8 Choice school	0.3 mi
7/10	Walt Disney Magnet School PublicPK to 8 Choice school	0.8 mi
1/10	YCCS-Truman Middle College HS Charter9 to 12 Choice school	1.2 mi
NR	Kc's Academy Of Early Childhood Education PrivatePK to 1 Nearby school	0.5 mi
NR	Bernard Zell Anshe Emet Day School PrivatePK to 8 Nearby school	0.5 mi
NR	St Luke Academy PrivatePK to 3 Nearby school	0.7 mi

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Wrigleyville

Peppered with bars and eateries around Wrigley Field, this slice of Lakeview fuels younger crowds as well as “college kids-at-heart.” A lively, pocketed community within the greater Lakeview neighborhood and home to Wrigley Field, Wrigleyville is as dedicated to the lifestyle of twenty-somethings...

Wrigleyville Guide All Neighborhoods

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Similar Homes

Nearby home values

Address	Sold price	Beds	Baths	Sqft	Lot (Sqft)
This home: 1116 West Addison Street, Chicago, IL 60613	$2,145,000	7	7	–	3,125
1114 West Addison Street, Chicago, IL 60613	–	–	2	1,884	3,054
1118 West Addison Street, Chicago, IL 60613	$967,500	–	3	3,171	3,125
1120 West Addison Street, Chicago, IL 60613	$932,500	7	4	–	3,125
1122 West Addison Street, Chicago, IL 60613	$640,000	6	4	–	3,125
1110 West Addison Street, Chicago, IL 60613	$1,150,000	6	4	2,400	–
1126 West Addison Street, Chicago, IL 60613	$686,185	4	3	–	3,123
3616 North Clark Street, Chicago, IL 60613	–	–	–	–	–
1128 West Addison Street, Unit 1, Chicago, IL 60613	$1,150,000	–	3	2,840	3,125
1128 West Addison Street, Chicago, IL 60613	$745,000	6	3	–	3,125
1113 West Patterson Avenue, Chicago, IL 60613	$2,100,000	–	2	2,871	5,468
3624 North Clark Street, Chicago, IL 60613	–	–	–	3,900	–
3620 North Clark Street, Chicago, IL 60613	–	–	–	–	–
1132 West Addison Street, Chicago, IL 60613	–	–	3	3,105	3,125
3628 North Clark Street, Chicago, IL 60613	–	–	–	–	–
1115 West Addison Street, Chicago, IL 60657	–	–	–	40,108	–

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Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 10/06/2025 03:39 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.