$1,175,000
$100K PRICE DROP

Estimated payment $7,951/month

Total Views 5,248
10 Beds
5 Baths
-- Sq Ft
-- Price per Sq Ft

About This Home

Fantastic Investment Opportunity in Lincoln Park! Nestled on a charming, tree-lined street in one of Chicago's most sought-after neighborhoods, this exceptional four-unit property offers strong rental income and long-term value. The property consists of two buildings-a front building and a coach house-each thoughtfully updated and maintained over the past 15 years. Front Building: Unit 1: 1 bed / 1 bath, Unit 2: Spacious duplex-up with 4 beds / 2 baths and in-unit washer & dryer. Coach House (Rear): Two units, each with: 2 bed / 1 bath, large private deck. Upgrades & Features: Recent improvements include: new roof, windows, furnaces, water heaters, copper piping, appliances, bathrooms, kitchens, front fence, and brick paver patio. Dry, clean basement perfect for storage. Income producing coin-operated laundry for 3 units. Private outdoor space ideal for entertaining. Zoned for Prescott Elementary and Lincoln Park High School. Prime Location: Walk to grocery stores, top-rated restaurants, Starbucks, public transit, and expressways. Whether you're a seasoned investor or looking to live in one unit while renting out the others, this versatile, turnkey property is a rare find in Lincoln Park. Long term tenants, current rents are under market.

Listing Agent

Maggie Ahern

@properties Christie's International Real Estate License #475139140 Listed on: 05/15/2025

@properties Christie's International Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,917

Year Built

  • Built in 1891 | Remodeled in 2010

Home Design

  • Wood Foundation
  • Asphalt Roof
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 10 Potential Bedrooms
  • 5 Bathrooms

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Additional Features

  • Partial Basement
  • Lot Dimensions are 25 x 125

Community Details

Overview

  • 4 Units

Building Details

  • Gross Income $88,200
  • Net Operating Income $63,283

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,917

Year Built

Built in 1891 | Remodeled in 2010

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1891
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2010
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Year Renovated: 2010

Interior Features

  • Basement: Crawl Space, Partial
  • Total Bathrooms: 5
  • Total Bedrooms: 10
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 5
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Window Air Conditioner,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Microwave,Disposal,Window Air Conditioner,Hardwood Floors,Skylights/Windows
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Window Air Conditioner
  • AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Window Air Conditioner
  • Room: 4

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Concrete Perimeter, Wood
  • List Price: 1175000
  • Roof: Asphalt
  • Waterfront: No

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Lake Michigan

Schools

  • Middle/Junior School District: 299

Lot Info

  • Lot Dimensions: 25 X 125
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • TenantPays: Electric,Gas,Heat

Multi Family

  • Net Operating Income: 63283
  • GrossIncome: 88200
  • Units in Building: 4
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 17917.48
  • Tax Year: 2023

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2025 06/30/25 Price Changed $1,175,000 -1.7% --
06/02/2025 06/02/25 Price Changed $1,195,000 -6.3% --
05/15/2025 05/15/25 For Sale $1,275,000 -- --
Source: Midwest Real Estate Data (MRED)

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Source: Midwest Real Estate Data (MRED)

MLS Number: 12366644

Midwest Real Estate Data (MRED)