Chicago, IL 60614,2468 N Orchard ST
Chicago, IL 60614,2468 N Orchard ST
Chicago, IL 60614,2468 N Orchard ST
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$3,700,000
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2468 N Orchard ST Chicago, IL 60614

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Key Details

Property Type Multi-Family

Sub Type Multi Family 5+

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12485776

Maintenance Fees $17,436

Year Built 1918

Annual Tax Amount $24,513

Tax Year 2023

Lot Dimensions 50x126

Property Sub-Type Multi Family 5+

Property Description

Prime East Lincoln Park Multi-Unit Investment Opportunity providing both current cash flow and long-term appreciation potential. 2468-72 N. Orchard Street is a beautiful all-brick building with limestone accents in the heart of the Arlington-Deming Historic District, one of Chicago's most desirable residential corridors. This must-see family-owned building has not been on the market for over 60 years, a rare opportunity that is not to be missed. Situated on a double-lot (50x126), this well-maintained 1918 property offers a rare combination of size, location, and income potential with value-add possibilities. The 7-unit building features six spacious 2-bedroom/1-bath units (approximately 1,400 SF each) and one 1-bedroom/1-bath unit, for a total of 13 bedrooms and 7 bathrooms. Five surface parking spaces are included - a valuable amenity in a sought-after neighborhood. Tenants enjoy easy access to CTA trains and buses, Lake Michigan, DePaul University, and the countless dining, shopping, and entertainment options offered in Lincoln Park. The building is located steps from Saint Clement School and in the Alcott and Lincoln Park High School districts. Zoned RM5. Whether you're looking to expand your portfolio with a stable, income-producing, turnkey asset with upside potential or explore future redevelopment opportunities on a wide lot in one of Chicago's premier neighborhoods, 2468-72 N. Orchard Street presents an exceptional opportunity for investors or 1031 exchange buyers. Listing broker must accompany all showings. 48-hour notice required.

Location

State IL

County Cook

Area Chi - Lincoln Park

Zoning MULTI

Interior

Cooling Central Air

Fireplace N

Building

Dwelling Type Multi Family 5+

Structure Type Brick


Midwest Real Estate Data (MRED) IDX
Listed by Stephanie Klein Trout of  @properties Christie's International Real Estate 

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Dennis & Karen

Dennis & Karen

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+1(219) 213-3346

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2468 N Orchard ST