39
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$2,450,000
Est. payment /mo
5,529 SqFt
New
2544 N Burling ST Chicago, IL 60614
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UPDATED:
03/09/2025 06:06 AM
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 5,529 sqft
Price per Sqft $443
MLS Listing ID 12301656
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
Interior
Cooling Central Individual
Fireplaces Number 3
Fireplace Y
Building
Dwelling Type Multi Family 5+
Level or Stories 3
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Listed by Shawn Jones • Berkshire Hathaway HomeServices Chicago
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "