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Susan Dickman

Broker

  • Office 773-627-8176
  • Cell 773-627-8176
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1556 North La Salle Drive, Chicago, IL – $2,700,000

  • $2.7M Price
  • 5 Beds
  • $2.7M Price
  • 5 Beds

1556 North La Salle Drive

CASH COW!!! THERE IS A $6,000 / PER MONTH SIGN ADVERTISEMENT ON THE SIDE OF THE BUILDING THAT HAS A NEW LONG TERM LEASE!!!!! 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! 15% 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.

Essential Information

  • MLS® #10624312
  • Price$2,700,000
  • Bedrooms5
  • Bathrooms0.00
  • Acres0.00
  • Year Built1906
  • TypeResidential
  • Sub-TypeTwo to Four Units
  • StatusActive

Community Information

  • Address1556 North La Salle Drive
  • AreaCHI - Near North Side
  • CityChicago
  • CountyCook
  • StateIL
  • Zip Code60610

Interior

  • HeatingForced Air
  • BasementNone

Exterior

  • ExteriorBrick

Additional Information

  • ZoningCOMMR

Listing Details

  • OfficeWorth Clark Realty
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Price Change History for 1556 North La Salle Drive, Chicago, IL (MLS® #10624312)

Date Details Change
Status Changed from New to Active

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 Berkshire Hathaway HomeServices KoenigRubloff Realty Group are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is 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 deemed reliable but not guaranteed.

Listing information last updated on June 2nd, 2020 at 1:51pm CDT.