Courtesy of TBFS Investments LLC-Realty

1556 N La Salle Drive

Chicago, IL, 60610

$2,399,999

$2,399,999
Active
Active
 - For Sale
beds
5 Beds
baths
7 Baths
property_type
Multi-family
calendar
Built 1906
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! 18% 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.
MLS® ID:
11354047
Listed:
3/21/22
Updated:
8/15/22
Jameson Sotheby's International Realty
Luke Wojcik

Interior Features

Total Bedrooms
5
Total Bathrooms
7
Heating
Forced Air

Exterior/Building Features

Sewer
Public Sewer

School Information

High School
299
Elementary School
299

Other Property Details

Area Name
CHI - Near North Side
Taxes
$32766
Tax Frequency
per YEAR
Garage
No
Parking
N
View
N
County
Cook
Water Source
Public
Pool
No
Zoning
COMMR

 

Courtesy of TBFS Investments LLC-Realty

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Based on information submitted to the  MLS GRID for MRED 8/15/22. All data is obtained from various sources and has not been, and will not be, verified by broker, MRED or MLS GRID. MLS Grid and 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. 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. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.

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Data last updated 7:25 PM UTC, 8/15/22

 

 

Jameson Sotheby's International Realty
Luke Wojcik
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