Exceptional opportunity to own a fully leased 3-flat ideally positioned at the crossroads of West Town, Noble Square, and River West. This solid income-producing property features a spacious 3-bedroom duplex-down on the first floor and two well-maintained 2-bedroom simplex units on the 2nd and 3rd floors - an ideal unit mix for strong, consistent rental demand. Each residence offers bright living areas and high ceilings. Individual HVAC systems in all 3 units, shared on-site laundry, and exterior parking spaces at the rear of the building. The property has a large backyard area. All leases are secured through Summer 2026, delivering immediate cash flow and built-in stability for the next owner. A truly turnkey asset in one of Chicago's most desirable rental corridors.
Closed
$1,000,000
1225 W Erie St, Chicago, IL 60642
7beds
--sqft
Multi Family
Built in ----
-- sqft lot
$1,011,500 Zestimate®
$--/sqft
$3,045 Estimated rent
Home value
$1,011,500
$920,000 - $1.11M
$3,045/mo
Zestimate® history
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$7,032/mo
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List your homeWhat's special
High ceilingsLarge backyard area
Zillow last checked:
Listing updated:
Listing courtesy of:
Owen Duffy owen@fultongrace.com,
Fulton Grace Realty,
Tabitha Cairo,
Fulton Grace Realty
Bought with:
Michael Endre
Roemer Park Realty Group Inc.
Source: MRED as distributed by MLS GRID,MLS#: 12576429
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Natural Gas
Features
- Basement: Partially Finished,Exterior Entry,Full,Walk-Out Access
Property
Parking
- Total spaces: 3
- Parking features: Off Alley, Off Street, Yes, Owned
Lot
- Size: 3,049 sqft
- Dimensions: 25 X 128
Details
- Parcel number: 17081200110000
- Zoning: MULTI
- Special conditions: List Broker Must Accompany
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
Condition
- New construction: No
Utilities & green energy
- Sewer: Public Sewer
- Water: Lake Michigan, Public
Community & neighborhood
Community
- Community features: Curbs, Gated, Sidewalks, Street Lights, Street Paved
Location
- Region: Chicago
Other
Other facts
- Listing terms: Conventional
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 4/16/2026 | Sold | $1,000,000-2.4% |
Source:  MRED as distributed by MLS GRID #12576429 Report a problem | ||
| 3/5/2026 | Contingent | $1,025,000 |
Source: MRED as distributed by MLS GRID #12576429 Report a problem | ||
| 2/26/2026 | Listed for sale | $1,025,000 |
Source: MRED as distributed by MLS GRID #12576429 Report a problem | ||
| 12/1/2025 | Listing removed | $1,025,000 |
Source: MRED as distributed by MLS GRID #12478939 Report a problem | ||
| 9/25/2025 | Listed for sale | $1,025,000+18% |
Source: MRED as distributed by MLS GRID #12478939 Report a problem | ||
| 6/23/2022 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 6/12/2022 | Listed for rent | $1,900-9.5% |
Source: Zillow Rental Manager Report a problem | ||
| 2/8/2020 | Listing removed | $2,100 |
Source: The Atlas Group (A division of Fulton Grace Realty) Report a problem | ||
| 1/25/2020 | Price change | $2,100+5% |
Source: The Atlas Group (A division of Fulton Grace Realty) Report a problem | ||
| 1/1/2020 | Price change | $2,000-4.8% |
Source: The Lathan-Rizzo Team - Fulton Grace Realty Report a problem | ||
| 12/1/2019 | Listed for rent | $2,100-4.5% |
Source: Zillow Rental Manager Report a problem | ||
| 10/31/2019 | Listing removed | $2,200 |
Source: The Lathan-Rizzo Team - Fulton Grace Realty Report a problem | ||
| 10/25/2019 | Listed for rent | $2,200+15.8% |
Source: Zillow Rental Manager Report a problem | ||
| 5/17/2019 | Listing removed | $1,900 |
Source: The Lathan-Rizzo Team - Fulton Grace Realty Report a problem | ||
| 5/8/2019 | Listed for rent | $1,900+8.6% |
Source: The Lathan-Rizzo Team - Fulton Grace Realty Report a problem | ||
| 2/24/2019 | Listing removed | $1,750 |
Source: Fulton Grace Realty Report a problem | ||
| 12/7/2018 | Listed for rent | $1,750-7.9% |
Source: Fulton Grace Realty Report a problem | ||
| 1/16/2018 | Listing removed | $1,900 |
Source: Real Property Management Chicago Edge Report a problem | ||
| 1/12/2018 | Listed for rent | $1,900 |
Source: Real Property Management Chicago Edge Report a problem | ||
| 12/15/2017 | Sold | $869,000-3.3% |
Source: MRED as distributed by MLS GRID #09725371 Report a problem | ||
| 11/6/2017 | Pending sale | $899,000 |
Source: Berkshire Hathaway HomeServices KoenigRubloff Realty Group #09725371 Report a problem | ||
| 10/2/2017 | Listed for sale | $899,000 |
Source: Berkshire Hathaway HomeServices KoenigRubloff Realty Group #09725371 Report a problem | ||
| 8/30/2017 | Pending sale | $899,000 |
Source: Berkshire Hathaway HomeServices KoenigRubloff Realty Group #09725371 Report a problem | ||
| 8/18/2017 | Price change | $899,000-2.8% |
Source: Prudential Rubloff #09725371 Report a problem | ||
| 7/31/2017 | Price change | $925,000-2.6% |
Source: Berkshire Hathaway HomeServices KoenigRubloff Realty Group #09725371 Report a problem | ||
| 7/20/2017 | Listed for sale | $950,000+43.9% |
Source: Berkshire Hathaway HomeServices KoenigRubloff Realty Group #09725371 Report a problem | ||
| 8/3/2006 | Sold | $660,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | -- | $85,000 +10.4% |
| 2023 | $16,295 +2.9% | $77,000 |
| 2022 | $15,838 +2.3% | $77,000 |
| 2021 | $15,484 +31.2% | $77,000 +45.3% |
| 2020 | $11,806 -1.3% | $52,995 -11% |
| 2019 | $11,964 -6.8% | $59,546 -8.3% |
| 2018 | $12,831 +30.3% | $64,954 +42% |
| 2017 | $9,844 +7.5% | $45,730 |
| 2016 | $9,159 +9.3% | $45,730 |
| 2015 | $8,380 +18.7% | $45,730 +20.2% |
| 2014 | $7,058 +2% | $38,043 |
| 2013 | $6,919 +1.4% | $38,043 |
| 2012 | $6,827 -8.9% | $38,043 -17.7% |
| 2011 | $7,490 -0.4% | $46,222 |
| 2010 | $7,521 +4.4% | $46,222 |
| 2009 | $7,208 +8.9% | $46,222 +0.2% |
| 2008 | $6,620 +1% | $46,146 |
| 2007 | $6,554 -9.6% | $46,146 -8.7% |
| 2006 | $7,253 +18.6% | $50,523 +34.9% |
| 2005 | $6,118 +1% | $37,440 |
| 2004 | $6,056 +2.2% | $37,440 |
| 2003 | $5,924 +24.5% | $37,440 +41.4% |
| 2002 | $4,758 +12.3% | $26,485 |
| 2001 | $4,236 +117.7% | $26,485 |
| 2000 | $1,946 -9.9% | $26,485 +118.4% |
| 1999 | $2,160 | $12,127 |
Find assessor info on the county website
Neighborhood: West Town
Nearby schools
GreatSchools rating
- 3/10Otis Elementary SchoolGrades: PK-8Distance: 0.4 mi
- 1/10Wells Community Academy High SchoolGrades: 9-12Distance: 0.7 mi
Schools provided by the listing agent
- District: 299
Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$1,011,500
Get a cash offer in 3 minutes
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Estimated market value
$1,011,500
- Illinois
- Cook County
- Chicago
- 60642
- West Town
- 1225 W Erie St
Nearby cities
Nearby neighborhoods
Nearby zip codes
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