Exceptional opportunity to own a classic Chicago Greystone in one of Lakeview's most sought-after locations. Situated just steps from Wrigley Field, the Southport Corridor, CTA transit, shopping, dining, and entertainment. This well-maintained investment property offers the perfect blend of historic charm, stable income, and long-term upside. The building consists of two spacious 3-bed / 1-bath apartments plus a non-conforming 2-bed garden unit. All the units showcase features that tenants love, including hardwood floors, good room sizes, separate living & dining rooms, Washer & Dryer in each unit. Additional features include gas-forced heat and central A/C, rear porches, and 3 tandem parking spaces accommodating up to six vehicles. Investors will appreciate the opportunity to increase rents through strategic updates, while owner-occupants may explore future renovation, duplexing, or conversion possibilities. Whether you're seeking a turnkey investment, a value-add opportunity, or a chance to own a piece of classic Chicago architecture, this Lakeview Greystone delivers location, character, and exceptional potential in one of the city's most enduring neighborhoods.
Multi-familyProperty Type
2,948 sq ftLot Size
6 spacesParking
Listed by Ashley Carter• Keller Williams ONEChicago
Listed by Frank Rodriguez• Keller Williams ONEChicago
West Lakeview, located between Lake Michigan and the Chicago River, is a residential and commercial Chicago neighborhood with brick two-flats and leafy side streets. The neighborhood’s character concentrates around the Southport Corridor near Southport Ave and W Addison St, where boutiques, coffee counters, and small theaters keep the sidewalks busy. Music Box Theatre and Southport Grocery & Cafe serve as local pillars, with Schuba’s Tavern adding a long-running live-music pulse. Classic greystones and courtyard buildings line the blocks, while newer condos cluster near major avenues. Wrigley Field sits at the eastern edge, and the Lakefront Trail frames the area with open-air routes.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Dining
Interior features
16 total rooms
Finished full basement with exterior entry
Bedrooms
8 bedrooms total
Includes three 3-bedroom units
Bathrooms
3 full bathrooms total
Kitchen
Each unit includes stove, refrigerator, dishwasher, and microwave
Laundry & utility
Washer and dryer provided in each unit
Heating & cooling
Forced air heating
Natural gas heating
Central air conditioning in each unit
Exterior features
Standard Chicago lot (22 x 134)
Curbs, street lights, and paved streets
Southport Corridor neighborhood
Home design
Two- to four-unit multi-family property
Greystone model
Fee simple ownership
Building is over 100 years old
Zoned MULTI
Parking
6 total parking spaces
Assigned, owned parking
Construction
Brick and stone construction
Rubber roof
Built before 1978
Utilities
Public water
Public sewer
HOA & community
Community features include curbs, street lights, and paved streets
This beautiful, carefully-maintained and managed Greystone two flat with a 3rd, non-conforming garden unit, is fully rented with responsible tenants and is walking distance to Wrigley Field, Southport Corridor shopping/restaurants, CTA train, Greenview and Sheila Parks, etc. Perfect for a savvy investor! Air B'N'B's with off-street parking in the area near Wrigley Field command premium rates! The 1st and 2nd floor units each boast three bedrooms with one bath, recently refinished hardwood floors, separate living and dining areas plus bonus back porches. Coin laundry in the basement. Central heat and air. Monthly gross income of $5,750 with room for more rental growth with basic upgrades. (3) off-street tandem parking spots totaling (6) spots in the back can be rented with yearly-lease units or Air B'N'B/Cubs parking. This property is currently zoned as a legal two flat.
MRED as Distributed by MLS Grid #11442682
Nov 13, 2022
Listing Removed
—
RENT. #1
Apr 15, 2022
Price Changed
$2,150
Public Records
Jul 16, 2004
Sold
$800,000
Public Records
Apr 25, 1990
Sold
$150,000
Year
Property tax
Land + Additions
Assessment*
2023
$17,090 (+2.6%)
$40,998 + $37,437
$78,435
2022
$16,660 (+2.3%)
$44,220 + $36,780
$81,000
2021
$16,288 (+9.5%)
$44,220 + $36,780
$81,000
2020
$14,871 (−0.2%)
$18,867 + $47,888
$66,755
2019
$14,902 (+1.7%)
$18,867 + $55,306
$74,173
2018
$14,652 (+15.6%)
$18,867 + $55,306
$74,173
2017
$12,669 (+12.2%)
$16,508 + $42,345
$58,853
2016
$11,287 (+9.6%)
$16,508 + $42,345
$58,853
2015
$10,303 (+19.5%)
$16,508 + $42,345
$58,853
2014
$8,620 (+2.2%)
$13,560 + $35,468
$49,028
2013
$8,438 (+1.1%)
$13,560 + $35,468
$49,028
2012
$8,350 (−14.3%)
$13,560 + $35,468
$49,028
2011
$9,741 (−13.7%)
$15,919 + $46,213
$62,132
2010
$11,284 (+1.7%)
$15,919 + $55,246
$71,165
2009
$11,097 (+5.5%)
$15,919 + $55,246
$71,165
2008
$10,522 (+15.4%)
$14,956 + $58,397
$73,353
2007
$9,119
$14,956 + $58,397
$73,353
Public record
Public record
Zoning
Beds
6
Baths
2
Stories
2
Lot width
—
Lot depth
—
Lot size
2,948 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
2,262
Unfinished Sq. Ft.
—
Total Sq. Ft.
2,262
Year built
1898
Style
Multi-Family (2-4 Unit)
County
Cook County
APN
14203010050000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 16, 2026.
RT-3.5
Residential Two-Flat, Townhouse and Multi-Unit District
The primary purpose of the RT districts is to accommodate detached houses, two-flats, townhouses and low-density, multi-unit residential buildings at a density and building scale that is compatible with RS districts. The districts are intended to be applied in area characterized by a mix of housing types. The districts are also intended to provide a gradual transition between RS districts and higher density RM districts. The RT districts are differentiated primarily on the basis of allowed density (minimum lot area per unit) and floor area ratios.
Permitted uses
Include but are not limited to:
Religious facility
Day care facility
Housing-Multiple units
Housing-Senior
Housing-Other
Educational/school
Fire house
Library
Cemetery
Park & open space
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 99° expected this year, 14 days in 30 years
2/10 Wind Factor
1% chance of strong winds in next 30 years
4/10 Air Factor
5 unhealthy days expected this year, 7 days in 30 years
Provided by First Street
Historical weather
Chicago, IL • 60613
Average low and high temperatures (°F)
30
17
38
25
54
35
60
44
66
50
80
64
85
71
81
67
77
63
67
52
51
40
37
25
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
45/ 100
Low sunlight
Sunscore
There appears to be significant shading by surrounding buildings, terrain, and vegetation.
5.3 hrs
2.9 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 1513 W Addison St
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $1,150,000 and $1,520,000.
Nearby comparable homes
The Redfin Estimate uses 5 recent nearby sales, priced between $1.1M to $1.5M.