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60614
60614
W88° 21' 7.2''
N41° 55' 43.1''
Contact Info
Shawn Jones
1083745
Property Description

After 40 years, this exceptional 6-unit Greystone is available on one of the most coveted streets in Lincoln Park. With an impressive 6.39 cap rate and 218K in total rent (with upside potential), this fully leased building is a fantastic investment opportunity. Long-term, qualified tenants are in place with annual leases, and historically, the building has stayed fully occupied. Perfect for an owner-occupant or as an armchair investment, the property offers a stunning top-floor 4-bedroom, 2-bath unit with soaring ceilings and an abundance of natural light. The building also features one 2-bedroom unit, three 1-bedroom units, and a spacious 3-bedroom, 2.5-bath lower-level unit. Enjoy multiple outdoor spaces, central heating and air (with the exception of one unit), and in-unit laundry in the larger units, with common laundry for the others. Additional storage is available within the building, and theres a 2-car garage with a rooftop deck in the rear. Located in one of Chicagos finest neighborhoods, this property is just a short walk to Lake Michigan, the Fullerton public transportation stop, top-tier restaurants, shopping, and vibrant nightlife. With R4 zoning, this building is in excellent condition and is sold as-is. For more details, including a list of improvements and the rent roll, please refer to the additional documents.

2544 N Burling Street

Chicago, Illinois 60614, United States

  • Square Footage: 2,744.28 Sqft
$2,450,000
Listing ID#81028
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Basic Details
Property Type : Commercial
Listing Type : Contingent
Listing ID : 81028
Ref ID : 399738811
Price : $2,450,000
Square Footage : 2,744.28 Sqft
Lot Area : 0.06 Sqft
MLS : 12301656
Office ID : IL302-013
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Agent info
Shawn Jones
Chicago
Chicago
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