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818 N Wolcott Ave
Chicago, IL 60622
818 N Wolcott · Multifamily Property For Sale
·
20 Units


Investment Highlights
- TURNKEY OPPORTUNITY
- DYNAMIC WEST TOWN NEIGHBORHOOD
- NEW CONSTRUCTION + ADAPTIVE REUSE APARTMENTS
- EXCEPTIONAL ACCESS TO PUBLIC TRANSIT
Executive Summary
Greenstone Partners, as Exclusive Investment Advisor, is pleased to present the opportunity
to acquire the 100% fee-simple interest at 818 N. Wolcott Avenue (the “Property”), a
distinguished 20-unit boutique multifamily asset prominently positioned just northwest of
the corner of Wolcott and Chicago Avenue, in Chicago’s dynamic East Village / West Town
neighborhood. This offering represents a rare opportunity to acquire an architecturally
significant, institutionally maintained asset in one of Chicago’s most sought-after residential
corridors.
The Property is the product of a thoughtful adaptive reuse of an existing foundry building
combined with a purpose-built contemporary three-story addition — creating a distinctly
curated collection of residences that cannot be replicated. The foundry structure delivers
expansive timber loft residences featuring exposed masonry and soaring 15-foot ceilings,
while the modern addition offers sleek, function-forward floorplans finished to the same
premium standard. Together, the two structures provide a diverse and highly marketable
residential units.
The Property offers an attractive unit mix comprising of one (1) 1 Bed / 1.5 Bath duplex unit,
sixteen (16) 2 Bed / 2 Bath units, and (3) 3 Bed / 3.5 Bath duplex residences. Each unit
is finished to a premium standard featuring hardwood flooring, stainless steel appliances,
quartz countertops, large kitchen islands, and in-unit laundry. Select residences offer
additional features including exposed brick, oversized walk-in closets, and private terraces.
Parking is available on-site, and the Property features an amenitized outdoor courtyard with
a beer garden-style gathering area, grills, and outdoor furniture.
Situated steps from the Chicago Avenue dining and retail corridor and 0.9 miles from the
Division Blue Line, 818 N. Wolcott Avenue offers residents unmatched walkability and transit
connectivity within minutes of downtown Chicago. The surrounding East Village submarket
is defined by consistent rental demand, low vacancy, and a concentration of Chicago’s most
established dining, retail, and entertainment destinations.
With a one-of-a-kind architectural identity, premium finishes, and a location at the heart of
West Town, 818 N. Wolcott Avenue is purpose-built for durable occupancy and long-term
value retention. This offering is ideally suited for an investor seeking stable, institutionally
positioned cash flow and lasting value creation in one of Chicago’s most competitive
submarkets.
to acquire the 100% fee-simple interest at 818 N. Wolcott Avenue (the “Property”), a
distinguished 20-unit boutique multifamily asset prominently positioned just northwest of
the corner of Wolcott and Chicago Avenue, in Chicago’s dynamic East Village / West Town
neighborhood. This offering represents a rare opportunity to acquire an architecturally
significant, institutionally maintained asset in one of Chicago’s most sought-after residential
corridors.
The Property is the product of a thoughtful adaptive reuse of an existing foundry building
combined with a purpose-built contemporary three-story addition — creating a distinctly
curated collection of residences that cannot be replicated. The foundry structure delivers
expansive timber loft residences featuring exposed masonry and soaring 15-foot ceilings,
while the modern addition offers sleek, function-forward floorplans finished to the same
premium standard. Together, the two structures provide a diverse and highly marketable
residential units.
The Property offers an attractive unit mix comprising of one (1) 1 Bed / 1.5 Bath duplex unit,
sixteen (16) 2 Bed / 2 Bath units, and (3) 3 Bed / 3.5 Bath duplex residences. Each unit
is finished to a premium standard featuring hardwood flooring, stainless steel appliances,
quartz countertops, large kitchen islands, and in-unit laundry. Select residences offer
additional features including exposed brick, oversized walk-in closets, and private terraces.
Parking is available on-site, and the Property features an amenitized outdoor courtyard with
a beer garden-style gathering area, grills, and outdoor furniture.
Situated steps from the Chicago Avenue dining and retail corridor and 0.9 miles from the
Division Blue Line, 818 N. Wolcott Avenue offers residents unmatched walkability and transit
connectivity within minutes of downtown Chicago. The surrounding East Village submarket
is defined by consistent rental demand, low vacancy, and a concentration of Chicago’s most
established dining, retail, and entertainment destinations.
With a one-of-a-kind architectural identity, premium finishes, and a location at the heart of
West Town, 818 N. Wolcott Avenue is purpose-built for durable occupancy and long-term
value retention. This offering is ideally suited for an investor seeking stable, institutionally
positioned cash flow and lasting value creation in one of Chicago’s most competitive
submarkets.
Property Facts
| Price Per Unit | $840,876 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.44 AC |
| Cap Rate | 5.88% | Building Size | 22,512 SF |
| Gross Rent Multiplier | 12.38 | Average Occupancy | 100% |
| No. Units | 20 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2023 |
| Property Subtype | Apartment | Parking Ratio | 0.89/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | RT-4 | ||
| Price Per Unit | $840,876 CAD |
| Sale Type | Investment |
| Cap Rate | 5.88% |
| Gross Rent Multiplier | 12.38 |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.44 AC |
| Building Size | 22,512 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 2023 |
| Parking Ratio | 0.89/1,000 SF |
| Zoning | RT-4 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Courtyard
- Picnic Area
- Tenant Controlled HVAC
- Grill
- Recycling
- Bicycle Storage
- Key Fob Entry
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+3.5 | 3 | - | 1,842 - 1,885 |
| 1+1.5 | 1 | - | 1,102 - 1,885 |
| 2+2 | 9 | - | 918 - 1,885 |
| 2+2 | 7 | - | 1,088 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $338,662 CAD | |
| Land Assessment | $233,325 CAD | Total Assessment | $571,986 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$233,325 CAD
Improvements Assessment
$338,662 CAD
Total Assessment
$571,986 CAD
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