4 Unit | Noble Square Listing Details & Market Data

1541 W. Walton Street is located in....Jameson Commercial has been exclusively engaged to list and is pleased to present 1541 W. Walton, a four-unit walk-up located in Chicago's Noble Square neighborhood. This legal and fully occupied four-flat offers more than 1,100 sq ft of living space per unit and a favorable mix of three 3-bedroom, 2-bathroom, and one 2-bedroom, 1-bathroom unit. The building was constructed in 1996 and is considered "modern" compared to most vintage-style buildings in the area, which means that all electric and plumbing (copper) have been updated to meet today's standards. Each unit is equipped with individual HVAC systems, dishwashers, and in-unit laundry. The pride of ownership is evident in the meticulous and pristine condition of the property. At the same time, 1541 W. Walton presents a value-added opportunity for qualified investors, as the units can be updated with modern, condo-quality finishes to increase rents and bring them up to market level. In addition, since this is a four-unit property, it qualifies for a conventional residential loan where an owner-occupied buyer can take advantage of the idea of living "rent-free," so to speak! This property is zoned RM-5 and has been in the same owners' hands since it was built. The property has been carefully maintained and cared for, making it an excellent opportunity for any investor. Tuckpointing and a new roof will be installed soon.