Listed by Kiser Group
$2,200,000
1501 N Cleveland Ave
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 6,537
Units 4
Year Built 1883
Parking Spaces 5 spaces
Parking per 1,000 SqFt 0.76
Multifamily | 4 Units
Marketing description
Kiser Group presents 1501 N Cleveland Ave, a 4-unit multifamily property in Chicago's Old Town neighborhood. The building offers approximately 7,000 square feet of rentable space. Unit 1 occupies the ground floor, Unit 2 spans the second floor, and Units 3F and 3R each duplex up to the fourth floor. Each unit features its own furnace and water heater, along with in-unit washer and dryer. All utilities are paid by tenants with the exception of water and trash, minimizing owner expenses. Three of the four units have access to their own private outdoor terrace. The property also includes a 5-space garage, a rare parking amenity in Old Town that provides additional income potential.
Investment highlights
- Prime Old Town location steps from the Wells Street corridor and Sedgwick Brown Line
- Current zoning allows for up to 7 units
- Separate furnaces and water heaters in each unit
- In-unit laundry
- Private rooftop terraces
- 5-space garage
Listing Contacts
Listed by Kiser Group
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Map
Zoning
RM-5 ResidentialMulti FamilyResidential Multi Unit District
View municipality zoning documents Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
View all 49 uses
View all 49 uses Last updated Apr 28, 2026 For deeper zoning details, reports are available at Zoneomics
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
