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About the Listing 87123 - 124241
Incredible Investment & Development Opportunity in the Heart of Old Town! Maximize your portfolio with this rare multi-unit property and double-lot package in one of Chicago's premier, high-demand neighborhoods. This turnkey investment features a beautifully and recently renovated, all-brick 4-flat paired with two adjacent lots, delivering immediate strong cash flow alongside massive future development potential. The Building: Fully Leased & Turn key-Condo-Quality Units: Four pristine, high-end apartments generating $16,000 in monthly rental income. Layout Distribution: Three spacious 2-bedroom, 2-bathroom units, and one expansive 5-bedroom, 5-bathroom ground-level unit (currently optimized as premium office space). Total Capacity: 11 bedrooms and 11 bathrooms across the entire building. Modern Upgrades: Complete peace of mind with newer electrical, plumbing, HVAC systems, and dedicated laundry facilities. The Land & Parking: Unmatched Added Value Double Lot Included: The purchase price includes two adjacent parcels, each measuring approximately 25' x 102'. Premium Parking Income: Currently configured as a private parking lot equipped with 12 parking spaces and 2 EV charging stations. Development Upside: Exceptional raw land footprint perfect for future expansion, a luxury single-family home, or a new multi-family development project in a historic, land-scarce location. Whether you choose to collect premium rents from the fully occupied building and parking lot, or break ground on a luxury development, this Old Town package offers an unmatched combination of stability and upside.
Listing Highlights
Interior Details
- Bedrooms: 10
- Bathrooms: 10 Full
- Appliances:
- Air Cond:
- Heating: Natural Gas
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Finished,Full
- Other:
- Water: Lake Michigan
Exterior Details
- Garage Capacity: N/A
- Parking Spaces: 0
- Lot Dimensions: 25 X 102
- Zoning: MULTI
- Roof:
- Others: Balcony,Outdoor Grill
- Sewer: Storm Sewer
Financial Details
- Tax Amount: $31,646
- Taxes w/Assessments: N/A
- Tax/Property ID: 17042000180000
- Tax Year: 2024
Payment Calculator
Monthly Payment
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Questions About..
Listing 12556436 Chicago, IL 60610
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