Map of Property

2058 W Erie

2058 W Erie St, Chicago, IL 60612

  • For Sale $1,150,000
  • Property Type Multi-Family
  • Property Size 3,301 SF
  • Units 4
  • Lot Size 0.07 Acre
  • Building Class C
  • Year Built 1890
  • Date Updated Apr 29, 2025
Ukrainian Village is located a few miles west of Chicago’s Loop and offers expansive views of the city’s skyline from most of the neighborhood. It is a low-rise neighborhood with tree-line streets, popular restaurants, and small boutiques. It is the quieter and more residential neighbor of Wicker Park, but restaurants and nightlife are only a few blocks away. The neighborhood is poised to appreciate further, given its proximity to all of the new development within the West Loop, United Center, and the Illinois Medical District. The Metra line is accessible a few blocks to the west at the Western Avenue stop.4-unit building (3 units + 2-story Coach House) in Ukrainian Village available for owner occupancy or investment with $80,000 of in-place NOI or a 7.0% cap rate at listed price. Recently renovated with central air-conditioning, in-unit laundry, new porches, new vinyl siding, new windows, and a new flat roof. Opportunity to capitalize on the growing rents in the neighborhood given its proximity to the retail corridors of Damen and Division to the north as well as the West Loop and Illinois Medical District to the South. If stabilized at market rents, property should produce $90,000 of net operating income, a 7.8% return-on-cost. Building contains (2) two bed / one bath units and (2) three bed / one bath unit.
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Highlights

  • 3 Units in Main Building plus a 2-Story CH Unit
  • Significant renovation between 2020-22; new porches, new windows, new vinyl siding, new roofs, installation of central air conditioning, in-unit washer and dryers, as well as kitchen and bath upgrades
  • In-place income of $80,000 of NOI or a 7.0% cap rate at list price
  • Can stabilize property at $90,000 of NOI or a 7.8% return-on-cost with minimal capital investment
  • Easy access to Wicker Park to the north as well as the West Loop and Illinois Medical District to the south
  • OWNER OCCUPANCY - Top floor in main building and Coach House can be made available for potential owner occupancy

Contacts

broker
Garrett Leigh

Essex Three-Twelve

Location

Getting Around

  • Walk Score ®

    91/100 Walker's Paradise

  • Transit Score ®

    72/100 Excellent Transit

  • Bike Score ®

    98/100 Biker's Paradise
Powered by Walk Score ®
  • City Chicago, IL
  • Neighborhood West Town
  • Zip Code 60612
  • Market Chicago

Points of Interest

  • Uber Tent

    0.89 miles

  • Kedzie

    1.52 miles

  • Morgan

    1.53 miles

  • Grand

    1.63 miles

  • UIC-Halsted (Morgan Street)

    1.88 miles

  • UIC-Halsted (Peoria Street)

    1.96 miles

  • Clinton

    2.03 miles

  • UIC-Halsted (Halsted Street)

    2.06 miles

  • California

    2.18 miles

  • Chicago

    2.25 miles

  • Shell

    0.43 miles

  • BP

    0.58 miles

  • Citgo

    0.65 miles

  • Marathon

    1.02 miles

  • Electrify America

    1.62 miles

  • Blink ParkChip Garage - 1035 Van Buren

    1.77 miles

  • Volta

    1.90 miles

  • Blink

    1.91 miles

  • Tesla Supercharger

    1.96 miles

  • EVgo

    2.04 miles

  • Bus Parking

    0.78 miles

  • A

    0.81 miles

  • Club/Premium

    0.82 miles

  • C Suites

    0.84 miles

  • G

    0.87 miles

  • f

    0.88 miles

  • Uber (Lot E)

    0.91 miles

  • 1628 W Division

    0.91 miles

  • Disabled

    0.91 miles

  • Holiday Jones

    0.79 miles

  • Alexandra's place

    0.80 miles

  • Hotel Chicago West Loop

    1.22 miles

  • IHSP Chicago Hostel

    1.23 miles

  • Urban Holiday Lofts

    1.32 miles

  • Hyatt Place Chicago / Wicker Park

    1.33 miles

  • Hyatt Place Chicago - Medical / University District

    1.38 miles

  • Hyatt House Chicago - Medical / University District

    1.40 miles

  • Hyatt House

    1.42 miles

  • Courtyard by Marriott Chicago at Medical District / UIC

    1.51 miles

  • Good Times

    0.16 miles

  • Upton’s Breakroom

    0.17 miles

  • Liberation Donuts

    0.17 miles

  • All Together Now!

    0.17 miles

  • McDonald's

    0.18 miles

  • Hummus Grill

    0.18 miles

  • Lao Peng You 老朋友

    0.20 miles

  • Sunrise Cafe

    0.21 miles

  • Takie Outit

    0.21 miles

  • Taco Pros

    0.21 miles

  • Mitchell Elementary School

    0.23 miles

  • Lake Shore Seventh Day Adventist School

    0.26 miles

  • Українська Католицька Школа Святого Миколая;Saint Nicholas Cathedral School

    0.30 miles

  • Talcott Elementary School

    0.30 miles

  • Holy Rosary School

    0.35 miles

  • Ruth Bader Ginsburg Elementary School

    0.45 miles

  • Saint Helen's School

    0.52 miles

  • Chopin Elementary School

    0.53 miles

  • Esperanza Elementary School

    0.56 miles

  • Bricklayers Apprentice School

    0.57 miles

  • Kid City

    0.35 miles

  • John & Mary Madden Center

    0.54 miles

  • Adams Street Child Care Center

    1.04 miles

  • Guidepost Montessori

    1.10 miles

  • Cortland Preschool

    1.70 miles

  • Dorie Miller Child Parent Center

    1.77 miles

  • Luis Munoz Marin Primary Center

    1.81 miles

  • YMCA Child Care

    1.82 miles

  • Sonnets Academy

    1.86 miles

  • Kids & Company

    1.88 miles

Frequently Asked Questions

How much does 2058 W Erie cost?

The space currently listed for sale at 2058 W Erie asks for $1,150,000.

What is the total square footage of 2058 W Erie?

2058 W Erie totals 3,301 square feet.

When was this property built?

2058 W Erie was built in 1890.

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Contact Listing Broker
broker
Garrett Leigh

Essex Three-Twelve

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