Chicago, IL 60614,2544 N Burling ST
Chicago, IL 60614,2544 N Burling ST
Chicago, IL 60614,2544 N Burling ST
$2,499,000
Est. payment /mo
$2,450,000
2.0%
Est.Price: ?

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5,529 SqFt
SOLD DATE : 04/08/2025

Key Details

Sold Price $2,499,000

Property Type Multi-Family

Sub Type Multi Family 5+

Listing Status Sold

Purchase Type For Sale

Square Footage 5,529 sqft

Price per Sqft $451

MLS Listing ID 12301656

Sold Date 04/08/25

Maintenance Fees $5,000

Year Built 1893

Annual Tax Amount $34,667

Tax Year 2023

Lot Dimensions 22X125

Property Sub-Type Multi Family 5+

Property Description

After 40 years, this exceptional 6-unit Greystone is available on one of the most coveted streets in Lincoln Park. With an impressive 6.39 cap rate and 218K+ in total rent (with upside potential), this fully leased building is a fantastic investment opportunity. Long-term, qualified tenants are in place with annual leases, and historically, the building has stayed fully occupied. Perfect for an owner-occupant or as an armchair investment, the property offers a stunning top-floor 4-bedroom, 2-bath unit with soaring ceilings and an abundance of natural light. The building also features one 2-bedroom unit, three 1-bedroom units, and a spacious 3-bedroom, 2.5-bath lower-level unit. Enjoy multiple outdoor spaces, central heating and air (with the exception of one unit), and in-unit laundry in the larger units, with common laundry for the others. Additional storage is available within the building, and there's a 2-car garage with a rooftop deck in the rear. Located in one of Chicago's finest neighborhoods, this property is just a short walk to Lake Michigan, the Fullerton public transportation stop, top-tier restaurants, shopping, and vibrant nightlife. With R4 zoning, this building is in excellent condition and is sold as-is. For more details, including a list of improvements and the rent roll, please refer to the additional documents.

Location

State IL

County Cook

Area Chi - Lincoln Park

Zoning MULTI

Rooms

Basement Finished, Exterior Entry

Interior

Cooling Central Individual

Fireplaces Number 3

Fireplace Y

Building

Level or Stories 3

Structure Type Limestone

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Midwest Real Estate Data (MRED) IDX
Listed by Shawn Jones • Berkshire Hathaway HomeServices Chicago
Bought with Alexandre Stoykov • Compass

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Oleg Komarnytskyy

+1(847) 737-5037

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