For Sale, USD 2,450,000
2544 N Burling Street, Chicago IL 60614, Chicago, Illinois, United States
Property Type : Commercial
Property Style : N/A
Build Size : 5,529 ft² / 514 m²
Land Size : N/A
Bedroom : 0
Bathroom : 0
Half Bathroom : 0
MLS#: N/A
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 6.5 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 there's a 2-car garage with a rooftop deck in the rear. Located in one of Chicago's 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.
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2544 N Burling Street, Chicago IL 60614, United States,Illinois,Chicago is a 5,529ft² Chicago luxury Commercial listed for sale USD 2,450,000. This high end Chicago Commercial is comprised of 0 bedrooms and 0 baths. Find more luxury properties in Chicago or search for luxury properties for sale in Chicago.