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2431 W Thomas Street, 
Chicago, IL 60622

$469,000


4

Beds


4

Baths


-

Sq Ft


Multi-Family

Pending

Listed by

Anna Gutkowska

@Properties Christie'S International Real Estate

Last updated:

July 1, 2025, 12:41 PM

MLS#

12406071

Source:

MLSNI

About This Home

2431 W Thomas Street

Prime Land Value Opportunity - RT4 Zoning! Exceptional investment potential on this 24' x 124.29' lot, located outside of the Chicago Historic Preservation Ordinance-offering maximum redevelopment flexibility. Zoned RT4 with the ability to build two new units. Recent area condo sales are exceeding $700K! Currently, the property includes four 1-bedroom units-two in a front brick building and two in a rear frame coach house. Major renovation needed (gut job) for experienced rehabbers only. All units are long-term tenant-occupied on a month-to-month basis and generate $3,500/month in rental income. Additional highlights: Front building has a new roof All units equipped with central heat Sold AS-IS. The seller will not make any repairs or improvements. Located in a vibrant neighborhood with easy access to public transportation and blocks from the trendy shops and restaurants along Division and California.

Home Facts

Multi-Family

4 Baths

4 Bedrooms

Built in 1882

Price Summary

469,000

MLS #:

12406071

Last Updated:

July 1, 2025, 12:41 PM

Added:

11 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

4

Bathrooms

Total Bathrooms:

4

Full Bathrooms:

4


Structure

Structure

Year Built:

1882


Finances & Disclosures

Finances

Price:

$469,000

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