856 N Wolcott Avenue Chicago, IL 60622
Listing Courtesy of: MLS LogoMidwest Real Estate Data as distributed by MLS GRID / Mark Allen Realty ERA Powered / Amit Vyas

  856 N Wolcott Avenue Chicago, IL 60622

Active (2 Days)
$1,225,000 (USD)
7
BED
4
BATH

Description

Legal 4-unit building on a quiet, tree-lined street in the heart of Ukrainian Village/Wicker Park, offering a rare combination of strong in-place income with clear upside potential. The property consists of two front and two rear units, including three 2 bed/1 bath layouts and one 1 bed + den/1 bath, all thoughtfully maintained and continuously upgraded by ownership. Each unit features hardwood floors, stainless steel appliances, granite countertops, dishwashers, central HVAC, and in-unit laundry. Bedroom layouts are well-proportioned, comfortably accommodating queen-sized beds with additional furniture. Significant capital improvements include updated windows, refreshed interiors across multiple units, electrical updates to HVAC systems, and a recently sealed roof. Current owners continued to make additional improvements which include: Owners unit (#4) had a full bathroom remodel, pantry and linen closet installed, new washer and dryer, refreshed kitchen cabinets and updated electrical. Unit 2 had a kitchen refresh, cabinets painted, new washer and dryer installed, and pantry installed. Bathroom was also updated with new fan / extractor. Overall Building improvements include all ACs had their electrical updated, roof had new sealant layer installed, and repaired brick chimney. With lease expirations approaching, a new owner could reset rents and drive meaningful income growth post ownership. With lease expirations from June through September, new ownership is well-positioned to drive rental increases-either through renewals or new leasing-during Chicago's peak rental season in a highly sought-after location The building also features a large, full unfinished basement with additional coin-operated laundry and potential for further value creation, including duplex-down opportunities for the first-floor units. A brick 1.5-car garage (deep configuration) provides additional income or tenant convenience. Ideally located just steps from West Town's top dining, cafes, and retail, with convenient access to public transportation, expressways, and a short commute to the Wicker Park/Bucktown, West Loop and Fulton Market.

MLS #:
12603130
Taxes
$16,927(2024)
Type
Multifamily
Year Built
1914
School District
299
County
Cook County

Listed By

Amit Vyas, Mark Allen Realty ERA Powered
Source
Midwest Real Estate Data
Last checked Apr 1 2026 at 8:43 AM GMT+0000
Bathroom Details
Heating and Cooling
  • Natural Gas
Basement Information
  • Unfinished
  • Full
Exterior Features
  • Roof: Rubber
Utility Information
  • Utilities: Water Source: Lake Michigan
  • Sewer: Public Sewer
Parking
  • Garage Door Opener
  • Garage Owned
  • Garage
  • Detached
  • Yes
Location
   
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Disclaimer: Square footage is based on information available to agent, including County records. Information has not been verified by agent and should be verified by buyer.
Based on information submitted to the MLS GRID as of 4/1/2026 08:43. 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.