1556 North La Salle Drive, Chicago, 60610

$2,599,999 - Two to Four Units For Sale

$2,599,999

Beds
Baths
Sqft
1906Built
MLS® #: 11009127
Active, 237 Days on Website

CASH COW!!! THERE IS A $6,200 / PER MONTH SIGN ADVERTISEMENT ON THE SIDE OF THE BUILDING THAT HAS A NEW LONG TERM LEASE!!!!! 1 Billboard, 1 Commercial Property, 3 Residential units. This property is a cash cow and can generate approximately $382,000 in annual revenue if the residential units are converted to Airbnb or short-term rentals. Please ask listing agent for the forecasted financial statements. GREAT INVESTMENT! 16% cash on cash return, 10%+ = cap rate. Listing Agent specializes in Airbnb / short-term rentals in the City of Chicago. Just ask for more information. The subject property is comprised of a +/- 2,500 SF land site improved with a +/- 6,300 SF 2.5-story, brick, mixed-use (commercial and residential) building in the Old Town neighborhood of Chicago. The ground/garden level of the subject is comprised of a rented commercial storefront unit totaling approximately 2,000 SF. The first floor is built out for an office unit in the front and residential apartment unit in the rear, with each unit averaging approximately 1,000 SF. The top floor consists of a single, large residential apartment unit that spans the entire floor and measures approximately 2,000 SF. The site is zoned B3-5, Community Shopping District.

Additional Information: This property is located in the CHI - Near North Side neighborhood, IL. This bedrooms two to four units property is priced at $2,599,999.

Price & Status History

Date Details
Status Changed from New to Active

Essential Information

MLS® #: 11009127
Price: $2,599,999
Taxes: $17,146
Acres: 0.00
Year Built: 1906
Type: Residential Income
Sub-Type: Two to Four Units
Status: Active

Community Information

Address: 1556 North La Salle Drive
Area: CHI - Near North Side
City: Chicago
County: Cook
State: IL
Zip Code: 60610

Amenities

Parking Type: None

Exterior

Exterior: Brick

School Information

District: 299

Additional Information

Zoning: COMMR

Listing Details

Listing Office: TBFS Investments LLC-Realty

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Listing information last updated on October 21st, 2021 at 4:09pm CDT.