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1508-1512 W Farwell Ave
Multi-Family
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$6,000,000

1508-1512 W Farwell Ave, Chicago

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32 bd·25 ba·0 sqft
Built 196317,200 sqft lotRogers Park

1508-1512 W Farwell Ave, Chicago, IL

32 bd · 25 ba · 0 sqft Multi-Family listed at $6,000,000, built in 1963 in the Rogers Park neighborhood.

About this home

COURT YARD BUILDING! 22-Unit Apartment Building with 22 Parking Spaces - Prime Rogers Park Location. Exceptional investment opportunity in the heart of Rogers Park! This solid brick 22-unit multi-family building includes a rare 22 adjacent parking spaces, all included in the sale. The property has been remodeled with updated kitchens and bathrooms, offering strong rental appeal and low maintenance moving forward. Unit mix includes 2-bedroom, 1-bedroom, and studio apartments, providing versatility and broad tenant demand. CONDO-READY! Additional highlights: On-site laundry for added income Walking distance to the Red Line train Strong rental location with historically low vacancy Adjacent parking lot included Drone footage available in virtual tour Prime transit-oriented location makes this a highly desirable rental property with stable income potential.

Property details

Price
$6,000,000
Bedrooms
32
Bathrooms
25
Year built
1963
Lot size
17,200 sqft
Type
Multi-Family
Days on market
113
Est. property tax
$124,800/yr · $10,400/mo · 2.08% IL avg
Last sold
$550,000 · Jun 1993
Virtual tour

Estimated monthly payment

Down payment20% ($1,200,000)
Interest rate6.75%
Principal & Interest$31,133
Property Tax$5,500
Insurance$150
Total$36,783/mo

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Price history

▼ 7.7%Most recent change on 2026-03-04: $6,500,000 → $6,000,000.

$7.09M$3.52M$-45K$550K on Jun 93 (Sold)$6.50M on Jan 26 (Initial list)$6M on Mar 26 (Price change)
$550K · Jun 93$6M · Mar 26
  1. Mar 4, 2026$6,000,000Price change
  2. Jan 2, 2026$6,500,000Initial list price
  3. Jun 25, 1993$550,000Sold

Location

This home is located in Chicago, IL. Browse more Chicago listings on the Chicago market page or explore the full Chicago market report.

About Chicago: Chicago is the most populous city in the U.S. state of Illinois and in the Midwestern United States. Located on the western shore of Lake Michigan, it is the third-most populous city in the United States, with a population of 2.74 million at the 2020 census. The Chicago metropolitan area has 9.41 million residents and is the third-largest metropolitan area in the country. Chicago is the seat of Cook County, the second-most populous county in the U.S. (source: Wikipedia)

Climate: Average year-round temperature is 51°F with 211 dry days per year and 39.9 inches of annual rainfall.

Location

Map of 1508-1512 W Farwell Ave, Chicago
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Home Intelligence

Neighborhood (zip 60626)

This neighborhood is primarily renter-occupied (29% owner-occupied). Median age is 35.7; 33% hold a bachelor's degree; median household income is $56,145.

Median income
$56,145
Median age
35.7
Owner-occupied
29.1%
Bachelor's degree
33.2%
Census median home value
$268,500

Source: US Census Bureau American Community Survey 5-year estimates.

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