Prime East Lincoln Park Location for this absolutely gorgeous 4-unit brick building on an oversized 145 ft deep lot on one of Chicago’s most beautiful blocks! Just 6 blocks to the park and lakefront, 4.5 blocks to the Redline “L”and nestled in between Clark Street and Halsted with their plethora of shops and restaurants, there couldn’t be a better location for your long-term investment. This updated building boasts spacious floor plans with 2BTH units in the top three apartments, private back decks, separate HVAC systems, updated thermal pane windows, 4 fireplaces and a top-floor 2BR, 2BTH penthouse apartment with in-unit laundry and private roof-top deck with skyline views of downtown Chicago! Perfect for an owner-occupied buyer or investor alike. 1st and 2nd floor apartments feature hard-to-find 3BR, 2BTH layouts, updated kitchens with granite counters & updated baths as well. Garden unit was beautifully gut rehabbed in 2018 with all new kitchen (cabinetry, granite countertops, new appliances), new flooring, closet, stairs, paint and electrical. Current owners have invested heavily in improvements since purchasing this property and it shows! In addition to the garden unit gut rehab, recent updates include: refinishing of floors, two bathroom renovations, all new kitchen appliances in 3 of the apartments, new skylight in penthouse, new roof torch down, flashing, new gutter, multiple HVAC updates including old boiler removal, new central air compressors in unit 2 and unit 3, construction of private storage units, new garage roof and gutter, masonry work and tree removal just to name a few. This building offers the perfect marriage of classic Chicago architecture on the exterior and modern and updated apartments and systems on the interior in an A+ easy-to-rent Lincoln Park Location. It also offers a 2-car brick garage and very large back yard patio. Current rental income of just over $12,000 per month with approximate gross yearly rents of $145,200. Opportunity exists to potentially increase gross rents. Building is currently certified for 3 apartments, but 4th unit could potentially be approved under the city's new fast track approval of additional dwelling units. All utilities included (gas, electricity, water, trash, internet, Netflix & Amazon Prime). The bedroom area has a very comfortable queen size bed with a Simmons Beautyrest mattress and ample closet space. The living room features a dining area/work space, a pull out couch with a full mattress (sleeps 2), and a Roku TV with Netflix. The kitchen is fully fitted - range, microwave, dishwasher fridge, coffee machine and toaster, and equipped for those who want to cook. Plates, glasses and cutlery are stocked for 6 people. The dining table sits 6 and is in a comfortable nook, with a power outlet, which makes it easy to settle down with a laptop to work. Prime location. The neighborhood is safe, quaint, convenient and lively, near everything Chicago has to offer: lakefront, park trails, the Zoo, Boystown, Wrigley Ville, endless restaurants, shops, bars, and nightlife. Close to many public transport options including the Brown and Purple line on the L, and best bus routes. Trader Joe's, Starbucks & Stan Donut are one block away Owner pays all utilities (gas, electricity, water, trash) including internet.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
