Investor's dream! Two properties on one lot in the heart of Fort Walton Beach offering dual income streams. 115 Chicago Ave is a 3BR/2BA home with 1,378 sq ft, built in 1951, and currently operates as an Airbnb that can be sold fully furnished and turn-key. 113 Chicago Ave is a 1BR/1BA home with 672 sq ft, built in 1978, and serves as a long-term rental generating $800/month on a flexible month-to-month lease. Live in one, rent the other, or maximize returns with both! 2020 & 2022 HVACs and 2021 water heaters. Located just minutes from shopping, dining, downtown Fort Walton Beach, and the sugar-white beaches of the Emerald Coast, this property provides instant cash flow and long-term potential.Property Website (https://www.115chicagoavese.com/unbranded)
Sold for $345,000
Street View
$345,000
115 Chicago Ave, Fort Walton Beach, FL 32548
4beds
2,050sqft
Single Family Residence
Built in 1951
0.36 Acres Lot
$346,700 Zestimate®
$168/sqft
$3,003 Estimated rent
Home value
$346,700
$315,000 - $381,000
$3,003/mo
Zestimate® history
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$2,207/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Joshua D Legare 850-737-8830,
EXP Realty LLC,
Steve E Philpot,
EXP Realty LLC
Bought with:
Jennifer M Vo, 3150466
Dream Team Realty of NW Florida LLC
Source: ECAOR,MLS#: 986124
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
Primary bedroom
- Description: Building 115 (White House)
- Level: First
- Area: 144 Square Feet
- Dimensions: 12 x 12
Bedroom
- Description: Building 115 (White House)
- Level: First
- Area: 110 Square Feet
- Dimensions: 11 x 10
Bedroom
- Description: Building 115 (White House)
- Level: First
- Area: 100 Square Feet
- Dimensions: 10 x 10
Bedroom
- Description: Building 113 (Blue House)
- Level: First
- Area: 72 Square Feet
- Dimensions: 9 x 8
Kitchen
- Description: Building 115 (White House)
- Level: First
- Area: 50 Square Feet
- Dimensions: 10 x 5
Living room
- Description: Building 115 (White House)
- Level: First
- Area: 300 Square Feet
- Dimensions: 20 x 15
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Dishwasher, Dryer, Freezer, Microwave, Washer, Electric Water Heater
- Laundry: Washer/Dryer Hookup
Features
- Flooring: Vinyl
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 2,050
- Total interior livable area: 2,050 sqft
Property
Features
- Stories: 1
- Fencing: Privacy
Lot
- Size: 0.36 Acres
- Dimensions: 50 x 28 x 150
- Features: Interior Lot
Details
- Parcel number: 132S24191002440000
- Zoning description: City, Resid Multi-Family
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Frame, Wood Siding
- Roof: Composition
Condition
- Construction Complete
- New construction: No
- Year built: 1951
Utilities & green energy
- Water: Public
Community & HOA
Community
- Subdivision: OCEAN CITY
Location
- Region: Fort Walton Beach
Financial & listing details
- Price per square foot: $168/sqft
- Tax assessed value: $255,584
- Annual tax amount: $3,379
- Date on market: 9/26/2025
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 12/4/2025 | Sold | $345,000$168/sqft |
Source:  ECAOR #986124 Report a problem | ||
| 10/21/2025 | Pending sale | $345,000$168/sqft |
Source: ECAOR #986124 Report a problem | ||
| 10/10/2025 | Price change | $345,000-4.2%$168/sqft |
Source: ECAOR #986124 Report a problem | ||
| 10/4/2025 | Price change | $359,999-4%$176/sqft |
Source: ECAOR #986124 Report a problem | ||
| 9/26/2025 | Listed for sale | $374,999+177.8%$183/sqft |
Source: ECAOR #986124 Report a problem | ||
| 8/28/2020 | Sold | $135,000$66/sqft |
Source: ECAOR #844236 Report a problem | ||
| 5/13/2020 | Listing removed | $135,000$66/sqft |
Source: Coldwell Banker Realty - Fort Walton Beach #844236 Report a problem | ||
| 4/8/2020 | Pending sale | $135,000+8%$66/sqft |
Source: Coldwell Banker Realty - Fort Walton Beach #844236 Report a problem | ||
| 4/6/2020 | Listed for sale | $125,000$61/sqft |
Source: Coldwell Banker Residential Re #844236 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $3,380 +4.5% | $245,095 -0.5% |
| 2023 | $3,236 0% | $246,386 +8% |
| 2022 | $3,236 +9.5% | $228,053 +23.8% |
| 2021 | $2,957 +34.2% | $184,144 +37.3% |
| 2020 | $2,202 +12.9% | $134,135 +8% |
| 2019 | $1,951 +4.6% | $124,191 +6.6% |
| 2018 | $1,864 | $116,552 +67.6% |
| 2017 | $1,864 +230.3% | $69,552 +3.1% |
| 2016 | $564 +4.3% | $67,442 +2.6% |
| 2015 | $541 +1.9% | $65,715 +2.4% |
| 2014 | $531 | $64,180 +1.8% |
| 2013 | -- | $63,052 +0.9% |
| 2011 | -- | $62,511 -0.7% |
| 2010 | -- | $62,928 -1.9% |
| 2009 | -- | $64,165 -5.9% |
| 2008 | -- | $68,175 -9.7% |
| 2007 | -- | $75,529 +14.9% |
| 2005 | -- | $65,716 +14.5% |
| 2004 | -- | $57,383 +5.5% |
| 2003 | -- | $54,385 +2.9% |
| 2002 | -- | $52,828 +1.7% |
| 2001 | -- | $51,960 |
Find assessor info on the county website
Neighborhood: 32548
Nearby homes
- $--1 bd1 ba550 sqft111 Chicago Ave SE APT 2, Fort Walton Beach, FL 32548Off Market
- $253,5001 bd1 ba550 sqft111 Chicago Ave SE APT 3, Fort Walton Beach, FL 32548Off Market
- $176,6001 bd1 ba650 sqft111 Chicago Ave 1 #1, Fort Walton Beach, FL 32548Off Market
- $176,6001 bd1 ba650 sqft111 Chicago Ave 3 #3, Fort Walton Beach, FL 32548Off Market
- $313,0002 bd1 ba930 sqft205 Oak St SE APT K, Fort Walton Beach, FL 32548Off Market
- $263,2001 bd1 ba576 sqft205 Oak St SE APT C, Fort Walton Beach, FL 32548Off Market
- $263,2001 bd1 ba576 sqft205 Oak St SE APT B, Fort Walton Beach, FL 32548Off Market
- $313,0002 bd1 ba930 sqft205 Oak St SE APT J, Fort Walton Beach, FL 32548Off Market
Nearby schools
GreatSchools rating
- 5/10Elliott Point Elementary SchoolGrades: PK-5Distance: 0.9 mi
- 7/10Clifford Meigs Middle SchoolGrades: 6-8Distance: 3 mi
- 4/10Choctawhatchee Senior High SchoolGrades: 9-12Distance: 3.2 mi
Schools provided by the listing agent
- Elementary: Elliott Point
- Middle: Bruner
- High: Fort Walton Beach
Source: ECAOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Florida
- Okaloosa County
- Fort Walton Beach
- 32548
- 115 Chicago Ave
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