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2520 N Burling Street

Chicago, Illinois 60614


D. Waveland Kendt
312.330.3321

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$1,560,000


Square Footage
6,100


Property Type
Multiple Family
Neighborhood
Lincoln Park


This pristine 5-unit Greystone located on one of East Lincoln Park's best blocks is an investor's dream! The building is zoned RT-4, and is fully occupied with under market rents. Each unit is in great condition with separate utilities and updated kitchens and baths. The 1st level has a 1,400 sqft 2-bedroom unit (see photos) that could be expanded into the basement to create a duplex. On both the 2nd and 3rd levels, there is a 900 sqft 2-bedroom unit and a 500 sqft 1-bedroom unit. The cap rate is projected at roughly 5%, but with below market rents and the possibility of enlarging the 1st level unit, there is potential for increased income. The 2-car garage has a deck above; garage spaces rent for $100-$150/month. Additional income is generated from coin laundry machines in the basement. Tenants pays for gas and electric, landlord pays the water bill. An alternative use is it so renovate this magnificent building into 6,000 sqft single family home in Alcott School District!



Full Features
Exterior Type: Brick,Stone
Basement: Unfinished
Pool: No
Square Feet: 6,100
Tax Amount: $18,715
Built: 1900
Parking Spaces: 2
Cooling System: Central Air,Zoned
Stories: 3
Current Use: Residential-Multi-Family
Potential Use: Residential-Multi-Family, Residential-Single Family
Zoning: MULTI
Building Square Feet: 6,100
Current Net Income: $81,685
Unit 1: 6 room(s) / 2 bed(s) / 2 bath(s)
Unit 2: 3 room(s) / 1 bed(s) / 1 bath(s)
Unit 3: 5 room(s) / 2 bed(s) / 1 bath(s)
School District(s): No Data Available


Taxes & Assessments
Taxes: $18,715


Listing Office: Coldwell Banker Residential

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Disclaimer: The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of Midwest Real Estate Data, LLC. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers.


Lincoln Park photo


Lincoln Park

Lincoln Park residents have it all – from the arts to its famed zoo – right in their backyard. It’s no wonder the North Side neighborhood is one of the most sought after in the U.S. The neighborhood includes quiet…

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Nearby Public Transportation

CTA Rail

at Fullerton (0.31 miles away)

Metra
Union Pacific North, Union Pacific Northwest

at Clybourn Metra (1.28 miles away), Clybourn







2520 N Burling Street Chicago, Illinois 60614 is a multiple family property, which sold for $1,560,000. Want to learn more about 2520 N Burling Street Chicago, Illinois 60614? Contact an @properties agent to request more info.


© 2019 Midwest Real Estate Data, LLC. All Rights Reserved. The accuracy of all information regardless of source including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.