- Status Sold
- Sale Price $1,600,000
- Bed 8 Beds
- Bath 3 Baths
- Location Lake View
Exceptional opportunity to acquire a fully renovated 3-unit building in a prime Chicago location, offering strong in-place income with immediate upside potential. The second and third-floor units are currently leased at thirty-five hundred and thirty-six fifty per month, respectively, providing stable cash flow from day one. The first-floor 2-bedroom unit is intentionally vacant, offering flexibility for an owner-occupant or for leasing at an estimated three thousand per month. With a projected annual income of approximately one hundred twenty-three thousand eight hundred (including additional revenue from on-site laundry), the property presents an attractive pro forma cap rate of approximately five point seven pcnt at the current asking price. Investors will appreciate the combination of stabilized income and clear value-add potential, while owner-occupants can balance their housing costs with over seven thousand per month in rental income from the upper units. The building has been thoughtfully updated and offers a low-maintenance, turnkey investment in one of Chicago's most desirable neighborhoods. Rarely does an opportunity combine location, condition, and income potential with this level of flexibility.
General Info
- List Price $1,600,000
- Sale Price $1,600,000
- Bed 8 Beds
- Bath 3 Baths
- Taxes $21,497
- Market Time 1 days
- Year Built 1898
- Square Feet Not provided
- Assessments Not provided
- Assessments Include Not provided
- Listed by
- Source MRED as distributed by MLS GRID
Rooms
- Total Rooms 20
- Bedrooms 8 Beds
- Bathrooms 3 Baths
Features
- Heat Gas, Forced Air
- Air Conditioning Not provided
- Appliances Not provided
- Amenities Curbs/Gutters, Sidewalks, Street Lights, Street Paved
- Parking Garage
- Age 100+ Years
- Style Victorian
- Exterior Brick
Based on information submitted to the MLS GRID as of 6/24/2026 2:32 PM. 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.