269 7th Street Wheeling, IL 60090 • Multi Unit - Multiple • New $1,150,000

Description

Welcome to 269 7th Street, Wheeling-an exceptional opportunity to own a well-maintained, all-brick six-unit multi-family building in a highly desirable location. This investment property features three 2-bedroom/1-bath units and three 1-bedroom/1-bath units, all currently occupied, providing immediate income. Value-add potential is a key highlight, as current rents are below market. With two month-to-month tenancies and two below-market leases approaching renewal, the next owner has the opportunity to increase rents and make updates or enhancements at their discretion. Interiors vary in updates but all units feature durable wood laminate flooring. Additional income is generated through a coin-operated laundry in the basement. The property also offers 14 parking spaces, with a newly repaved driveway in 2025. Per owner, major mechanicals include a boiler replaced in approximately 2024, water heaters approximately 5-6 years old, and a roof approximately 10-15 years old. Ideally located in one of Wheeling's most accessible and walkable neighborhoods, on a quiet dead-end street with a mix of residential homes, including single-family properties, the building is just minutes from shopping, dining, the Wheeling Park District, and the vibrant Wheeling Town Center. It is also near the well-known Restaurant Row along Milwaukee Avenue, a historic and popular dining destination. With solid construction, strong tenancy, and clear upside potential, this property is ideal for both seasoned investors and those looking to grow their portfolio. Rare opportunity in today's low-inventory market-don't miss your chance to capitalize on this income-generating asset.

Property Highlights