LKV Realty
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$1,250,000
$6,000Reward *
1742 W School Street, Chicago, IL 60657Listing ID 12711940

1742 W School Street, Chicago, IL 60657

Active
CHI - Lake View
Time on site: 26 daysLast updated: Aug 8, 2026
Property Type
Property Type
Residential Income
Property Sub Type
Property Sub Type
-
Bedrooms
Bedrooms
5
Bathrooms
Bathrooms
4
Days on Site
Days on Site
26
Heating
Heating
Natural Gas, Forced Air, Steam
Year Built
Year Built
1891
Garages
Garages
2
Parking
Parking
Yes, Garage Owned, Detached, Garage

This is a rare opportunity to own a legal 3-unit building in the heart of Roscoe Village. Featuring a stately facade and impressive curb appeal, the property sits on a beautiful, tree-lined block in one of Chicago's most desirable neighborhoods-offering the perfect blend of stability and upside for investors or owner-occupants alike. Each unit offers a well-designed layout with in-unit washer and dryer, individual heating and cooling expenses, separate hot water tanks, and private outdoor space-highly desirable features that attract and retain quality tenants. The building is consistently easy to rent, with thoughtfully structured leases that include detailed riders and built-in rent increases. As leases turn over, there is additional opportunity to further enhance income, as they are currently rented below market value. Rents listed are estimated market values. Current rents are $2695 for unit 1, $2375 for unit 2 including parking, and $2790 for unit 3, plus $165/month for the additional parking spot. The property also includes a backyard and a 2-car garage. For those seeking an owner-occupied option, the unique two-level top-floor unit presents an exceptional opportunity to live comfortably while generating income below.

Property Information

Property Details

Location

Address
1742 W School Street
County
Cook
City
Chicago
Zip Code
60657
Subdivision
CHI - Lake View
School District
299
High School
Lake View High School
Elementary School
Hamilton Elementary School
MLS Area
CHI - Lake View

Interior Features

Beds and Baths

Bedrooms
5

Building

Building Information

Year Built
1891
Construction
Vinyl Siding

Financial

Special Conditions
List Broker Must Accompany

Property Taxes

Tax Annual Amount
$16,640
Tax Year
2024
Berkshire Hathaway HomeServices Chicago, (312) 642-1400

Market Report for 60657

* The market data shown is based on available information from Multiple Listing Service (MLS) and/or public records. Data provided is for informational and educational purposes only and may not represent the full housing market. For more accurate information, consumers should consult a certified appraiser or licensed real estate agent.

*Average of $2,150 in rewards is calculated based on the purchase or sale of a home between $400,000 to $449,000. The median home price for all housing types is in the United States is $405,400 as of 2025 as reported by the National Association of Realtors® (NAR). The actual reward amount may vary depending on the purchase or sales price of the home. Please see the Lakeview Home Rewards program terms and conditions for more details. The National Association of Realtors® is a registered trademark of the National Association of Realtors®.

Source: MRED
MRED logo

Based on information submitted to the MLS GRID as of 17 Aug 2026, 05:49 PM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.

For corrections to this data please contact Brytecore MLS Support.

MRD107087 • MRD890020