2422 N Orchard St Chicago, IL 60614
Lincoln Park NeighborhoodEstimated payment $19,875/month
Total Views
836
16
Beds
8
Baths
--
Sq Ft
--
Price per Sq Ft
Highlights
- Landscaped Professionally
- Deck
- 5-minute walk to Park West Park
- Alcott Elementary School Rated A-
- Balcony
About This Home
An exceptional investment opportunity in the heart of Lincoln Park-this fully renovated 4-unit building checks all the boxes for a hands-off, armchair investor. Each oversized unit offers four bedrooms and two full baths with no vacancies. Originally gut-renovated in 2018, this landmarked property blends historic charm with modern upgrades, including condo-quality finishes, individual HVAC systems, in-unit laundry, private elevator to each unit, and outdoor space for each unit. The building also features three off-street parking spaces and updated mechanicals throughout, keeping maintenance needs low. Tucked on a quiet, tree-lined street with unbeatable walkability to the Fullerton CTA, DePaul, Whole Foods, and the lakefront, this location continues to drive top-tier tenant demand. With a strong rent roll, this is a rare chance to step into a stabilized, income-producing property in one of Chicago's most desirable neighborhoods.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $29,264
Year Renovated
- 2018
Lot Details
- Landscaped Professionally
Home Design
- Brick Exterior Construction
- Rubber Roof
Bedrooms and Bathrooms
- 16 Bedrooms
- 16 Potential Bedrooms
- 8 Bathrooms
- No Tub in Bathroom
- Separate Shower
Parking
- 3 Parking Spaces
- Off Alley Parking
- Parking Included in Price
- Assigned Parking
Outdoor Features
- Balcony
- Deck
Schools
- Alcott Elementary School
- Lincoln Park High School
Utilities
- Heating System Uses Natural Gas
- Lake Michigan Water
Community Details
Overview
- 4 Units
Building Details
- Electric Expense $3,396
- Fuel Expense $3,348
- Insurance Expense $4,029
- Trash Expense $342
- Water Sewer Expense $2,335
- Gross Income $280,200
- Net Operating Income $239,125
Map
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/15/2025 08/15/25 | For Sale | $3,200,000 | 0.0% | -- |
| 07/11/2025 07/11/25 | For Sale | $3,200,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Similar Home in Chicago, IL
Source: Midwest Real Estate Data (MRED)
MLS Number: 12399905
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