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2646 N Orchard Street

Chicago, IL 60614
  • $1,750,000
  • STATUS: Closed
  • ON SITE: 82 Days
  • MLS #: 11880413
Sold - 11/22/2023
$1,750,000
SOLD - 11/22/2023
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1930
County:

School Ratings & Info

Description

Seize this rare (assumable debt @ 4.20%) investment opportunity for this 6-unit situated in the heart of Lincoln Park on the coveted Orchard Street. This 6-unit multifamily building presents an exceptional value-add opportunity for savvy investors. Occupying an oversized lot, the full masonry building showcases a blend of timeless elegance and functional modernity with outdoor spaces for each unit, in-unit laundry, and hardwood floors throughout. The diverse mix of apartments includes three spacious 3-bedroom, 1-bathroom units and three 1-bedroom, 1-bathroom units, making it an attractive portfolio addition for capturing varied tenant demographics. Don't miss out on this unique offering in one of Chicago's most sought-after streets in Lincoln Park.

Sold by Chicago Real Estate Resources.

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© 2023 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Keller Williams Success Realty. Based on information submitted to the MRED as of 2023-11-30T00:00:12.983 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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2646 N Orchard Street Chicago, IL 60614

  • Price: $1,950,000
  • Status: Closed
  • On Site: 82 Days
  • Updated: 190 min ago
  • MLS #: 11880413
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1930
Built
Neighborhood:
Chi - Lincoln Park
County:
Cook
Area:
Chi - Lincoln Park
Property Description
Seize this rare (assumable debt @ 4.20%) investment opportunity for this 6-unit situated in the heart of Lincoln Park on the coveted Orchard Street. This 6-unit multifamily building presents an exceptional value-add opportunity for savvy investors. Occupying an oversized lot, the full masonry building showcases a blend of timeless elegance and functional modernity with outdoor spaces for each unit, in-unit laundry, and hardwood floors throughout. The diverse mix of apartments includes three spacious 3-bedroom, 1-bathroom units and three 1-bedroom, 1-bathroom units, making it an attractive portfolio addition for capturing varied tenant demographics. Don't miss out on this unique offering in one of Chicago's most sought-after streets in Lincoln Park.
Exterior Features

Parking Total 0

Interior Features

Cooling Central AirCentral Individual Heat Ventilation Forced AirGas Number Of Dryers 6 Number Of Washers 6

Property Features

Additional Parcels YN No Approximate Age Older Built Before1978 YN Yes Financing Assumption Gross Income 178500 Gross Scheduled Income 178500 Insurance Expense 3733 Maintenance Expense 0 Mls Actual Status Closed Net Operating Income 108101 Operating Expense 70399 Short Sale Not Applicable Tax Annual Amount 36292 Tax Year 2021 Tenant Pays Air ConditioningElectricityHeat Total Monthly Income 14875 Township Lake View Type Multi Family 5+ Zoning MULTI

Listing information © 2023 Midwest Real Estate Data LLC.
Listing provided courtesy of Compass: 312-319-1168.


© 2023 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Keller Williams Success Realty. Based on information submitted to the MRED as of 2023-11-30T00:00:12.983 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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Crystal Lake IL, 60014