2446 N Orchard Street, Chicago, Illinois 60614
- $1,200,000
- 4
- BD
- 2
- BA
- Sold Price
- $1,200,000
- List Price
- $1,299,000
- Closing Date
- Oct 12, 2023
- MLS#
- 11820236
- Status
- CLOSED
- Type
- Multifamily
- Subtype
- Residential Income
- Bedrooms
- 4
- Bathrooms
- 2
- County
- Cook
- City
- Chicago
- Neighborhood
- Lincoln Park
- Days On Market
- 15
Property Description
Incredible opportunity to purchase this beautiful, classic Chicago Greystone on a standard Chicago lot on tree-lined Orchard Street in the heart of east Lincoln Park. This multi-unit building exudes timeless appeal and presents an exceptional investment opportunity or the potential for single-family home conversion. Excellent rent potential makes this an attractive option for your investment portfolio or for the live-in, owner occupied buyer (rent annually, air BNB). 2446 N. Orchard is a prime candidate for single family home conversion given it's RM-5 zoning for expansion, attractive curb appeal and location among neighboring luxury single family homes on both Orchard and Burling streets. Convert to the SFH of your dreams now or down the road - endless possibilities! This building is part of the Arlington-Deming district of landmarked homes; and has been lovingly maintained and improved by the same owners/family for more than 60 years. Inside, the units boast many charming original features, such as beautiful millwork, coffered ceiling details and built-in hutches, adding character and warmth to the space. Two separate, 2 bed/1 bath units plus a bonus garden level, partially finished studio apartment for additional income potential. A rear addition was added to the building expanding the footprint of each unit; both central heat and AC were added at this time to the rear half of each apartment (including one bedroom, bath, kitchen and rear family room). The top floor owner's unit has been newly rehabbed and offers a gracious floorplan with 2 bedrooms, 1 bath plus rear family room addition. The high first floor unit features an oversized 2 bedroom/1 bath floorplan plus rear family room addition. 2-car parking pad at rear of home. This A+ Lincoln Park location is walking distance to Chicago's beautiful lakefront, steps to Lincoln Commons, walking distance to DePaul University, Trader Joe's, the brown/purple & red line el trains and so much more. Alcott School District and Lincoln Park High School. This property represents a chance to secure a long-term asset in one of Chicago's most coveted neighborhoods, making it a truly enticing prospect for investors or those looking to create their dream home.
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Additional Information
- School District
- 299
- Corporate Limits
- Chicago
- Tax Year
- 2021
- Tax Amount
- $26,006
- Year Built
- 1905
- Lot Dimensions
- 25X125
- Lot Size Range
- Standard Chicago Lot
- Units
- 2
- Parking Spaces
- 2
- Parking Details
- Off Alley, On Site, Owned
- Heating
- Natural Gas, Forced Air, Radiator(s), Sep Heating Systems - 2+
- Sewer
- Public Sewer
- Basement
- Yes
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Selling Office: @properties Christie's International Real Estate.
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