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Listed by Stephanie Klein Troutof @properties Christie's International Real Estate
$3,700,000
Est. payment /mo
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12485776
Year Built 1918
Annual Tax Amount $24,513
Tax Year 2023
Lot Dimensions 50x126
Property Sub-Type Multi Family 5+
Property Description
Prime East Lincoln Park Multi-Unit Investment Opportunity providing both current cash flow and long-term appreciation potential. 2468-72 N. Orchard Street is a beautiful all-brick building with limestone accents in the heart of the Arlington-Deming Historic District, one of Chicago's most desirable residential corridors. This must-see family-owned building has not been on the market for over 60 years, a rare opportunity that is not to be missed. Situated on a double-lot (50x126), this well-maintained 1918 property offers a rare combination of size, location, and income potential with value-add possibilities. The 7-unit building features six spacious 2-bedroom/1-bath units (approximately 1,400 SF each) and one 1-bedroom/1-bath unit, for a total of 13 bedrooms and 7 bathrooms. Five surface parking spaces are included - a valuable amenity in a sought-after neighborhood. Tenants enjoy easy access to CTA trains and buses, Lake Michigan, DePaul University, and the countless dining, shopping, and entertainment options offered in Lincoln Park. The building is located steps from Saint Clement School and in the Alcott and Lincoln Park High School districts. Zoned RM5. Whether you're looking to expand your portfolio with a stable, income-producing, turnkey asset with upside potential or explore future redevelopment opportunities on a wide lot in one of Chicago's premier neighborhoods, 2468-72 N. Orchard Street presents an exceptional opportunity for investors or 1031 exchange buyers. Listing broker must accompany all showings. 48-hour notice required.
Location
State IL
County Cook
Zoning MULTI
Interior
Cooling Central Air
Fireplace N
Exterior
View Y/N true
Building
Structure Type Brick
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Joanna Lewkowicz
Designated Managing Broker | Owner | 471.018027 471018027
+1(708) 226-4848 | joanna@boutiquehomerealty.com