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$4,200,000
Est. payment /mo
10,000 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 10,000 sqft
Price per Sqft $420
MLS Listing ID 12369979
Year Built 1885
Annual Tax Amount $32,794
Tax Year 2023
Lot Size 4082.000 Acres
Lot Dimensions 34X119
Property Sub-Type Multi Family 5+
Property Description
Email listing agent for full marketing package. The rarity of this boutique apartment building in Chicago's prestigious Gold Coast presents a unique opportunity. Few buildings of similar size exist in such a prime location, and they almost never come to market. This is an opportunity to acquire a legacy building. Just a 5-minute walk to the Magnificent Mile, Rush Street, Oak Street, and the Chicago Ave Red Line, and a 15-minute walk to Oak Street Beach, this location is unbeatable. Featuring 10-foot ceilings and bay windows with views of tree-lined Chestnut Street, this building exudes hard-to-find old-world charm. The well-maintained 8-unit property, complete with 4 exterior parking spaces, offers value-add investors the chance to enhance its value by modernizing the units. Situated on a 4,082 sq ft lot zoned DR-3, consult your zoning attorney, architect, and contractor to explore the potential of adding basement units for additional income.
Location
State IL
County Cook
Area Chi - Near North Side
Zoning MULTI
Interior
Fireplace N
Building
Dwelling Type Multi Family 5+
Level or Stories 4
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Listed by Steven Rapoport • Chicago Real Estate Resources