Map of Property

2058 W Erie

For Sale

2058 W Erie St, Chicago, IL 60612

This Chicago property for sale is located at 2058 W Erie St. The general use of 2058 W Erie is multi-family and it incorporates 3,301 square feet of class C multi-family space. The current listed sale price for 2058 W Erie is $1,150,000. 2058 W Erie is situated on a lot that is 0.07 acre in size.

Contacts

broker
Garrett Leigh

Essex Three-Twelve

Property Details

  • 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

Getting around

  • 91/100

    Walk Score ®

  • 72/100

    Transit Score ®

  • 98/100

    Bike Score ®

Powered by Walk Score ®

Location

  • 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

  • Mariano's Fresh Market

    0.15 miles

  • Target

    0.86 miles

  • Municipal Market

    0.91 miles

  • Pete's Market

    0.96 miles

  • Jewel-Osco

    1.04 miles

  • Gangnam Market

    1.35 miles

  • Kling Bros Insurance

    1.37 miles

  • LCM Dollar

    1.39 miles

  • ALDI

    1.40 miles

  • Cermak Produce

    1.40 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Garrett Leigh

Essex Three-Twelve

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