838 N Wolcott Avenue Chicago, IL 60622
Welcome to 838 N. Wolcott Avenue (the Property), a light value-add multifamily asset ideally positioned in the heart of Chicago's highly sought-after East Village / West Town neighborhood. Situated just north of the vibrant Chicago Avenue retail corridor, the Property offers investors the rare opportunity to acquire a well-maintained, cash flowing asset with meaningful rental upside in one of Chicago's strongest and most supply-constrained rental submarkets. The Property consists of three (3) 2 Bed / 1 Bath + Den units and two (2) 1 Bed / 1 Bath + Den units. These spacious floor plans are uncommon within the surrounding submarket and appeal to a broad tenant base seeking larger living spaces, work-from-home flexibility, and convenient access to the neighborhood's retail and dining amenities. Current ownership has invested significant capital into both the building's physical structure and major mechanical systems. Recent improvements include a complete tear- off roof and tuckpointing in 2024, basement repairs and a new basement entry door in 2025, and a new central A/C condenser in 2024. Unit-level mechanical updates have also been completed throughout the Property, including a new water heater and washer/dryer in Unit 1F (2025), a new washer/dryer in Unit 1R (2026), a new water heater and washer/ dryer in Unit 2F (2024) along with a new refrigerator in 2025, and a new dishwasher and faucet in Unit 3F (2024) followed by a new water heater and washer/dryer in 2025. The rear units have been renovated with condo-quality finishes, featuring stainless steel appliances, espresso and white cabinetry, granite countertops, and hardwood flooring throughout. Positioned one block north of Chicago Avenue, residents are within walking distance of notable local and national destinations including Lush Wine & Spirits, Beatnik, Forbidden Root, Opart Thai House, Arami, Roots Pizza, West Town Bakery, and the Chicago Public Library. The Property also benefits from exceptional transit connectivity, located approximately 0.2 miles from both the Kennedy Expressway and the CTA Blue Line, providing seamless access to Downtown Chicago, O'Hare International Airport, and surrounding neighborhoods. With its premier West Town location, oversized floor plans, recent capital improvements, and clear path to future rent growth, 838 N. Wolcott Avenue represents an exceptional opportunity to acquire a stable, operationally efficient multifamily asset with long-term upside in one of Chicago's most competitive rental markets.
Baird & Warner New Client Care Team Agent Cell: 312.847.5702 Email
Property Details
Feature Descriptions
Location
See details and scored characteristics about this location.
Listing Office: Compass
Listing Office Phone: 773-598-7388
Member Participants (and their affiliated licensees, if applicable) shall indicate on their websites that IDX information is provided exclusively for consumers’ personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability.
Based on information submitted to the MLS GRID. 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.
Select a format below, new window will open and will prompt you to print.
AWARD WINNING SERVICES
GLOBAL REACH & HOME INSURANCE
Member Participants (and their affiliated licensees, if applicable) shall indicate on their websites that IDX information is provided exclusively for consumers’ personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability.
Based on information submitted to the MLS GRID. 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.
Privacy Policy / DMCA Notice / ADA Accessibility
