545 W Belden Avenue, Chicago, Illinois 60614
- $1,395,000
- 6
- BD
- 5
- BA
- Sold Price
- $1,395,000
- List Price
- $1,500,000
- Closing Date
- Oct 24, 2024
- MLS#
- 12031024
- Status
- CLOSED
- Type
- Multifamily
- Subtype
- Residential Income
- Bedrooms
- 6
- Bathrooms
- 5
- Gross Rental Income
- $88,800
- County
- Cook
- City
- Chicago
- Neighborhood
- Lincoln Park
- Days On Market
- 50
Property Description
Rare investment opportunity in the heart of East Lincoln Park! This charming 4-unit multi-family building, nestled on the corner of Belden and a picturesque cobblestone alley, boasts an abundance of natural light, a prime location, and endless potential. The property features a charming and spacious 3-bedroom, 2-bathroom unit with a bedroom-level in-unit washer dryer, along with three additional 1-bedroom, 1-bathroom units. The front building showcases a duplex-up with soaring ceilings and windows, separate elegant living and dining rooms, a bath on each level, grand staircase, crystal chandeliers, and all 3 bedrooms on the upper floor. In the front is also the English garden 1-bed, 1-bath unit, with built-in book cases in the living room and bedroom along with a bedroom walk-in closet. The coach house offers two 1-bed, 1-bath apartments with open floor plans that allow for living, dining, and work spaces along with a spacious bedroom and walk-in closets. All units have private entrances. Laundry facilities for the 1-bedrooms are located in the front building. Situated on a tree-lined street in a historically designated district, three blocks from iconic OZ Park, four blocks from DePaul University and five blocks from the Lincoln Park Zoo entrance. Midway between Lincoln Ave and Clark Street with all their diverse restaurants, shops, stores and excellent public transportation, the location embodies the epitome of urban neighborhood living at its finest. Whether you're seeking an investment opportunity with value-add potential, living in one unit and renting the others, or envisioning the transformation of this property into a stunning single-family home, the possibilities are endless.
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Additional Information
- School District
- 299
- High School
- Lincoln Park High School
- Corporate Limits
- Chicago
- Tax Year
- 2023
- Tax Amount
- $19,660
- Year Built
- 1881
- Lot Dimensions
- 24X117
- Lot Size Range
- Less Than .25 Acre
- Heating
- Natural Gas, Forced Air, Indv Controls
- Sewer
- Public Sewer
- Total Rental Income
- $88,800
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Selling Office: eXp Realty, LLC.
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