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Michael Vrielink

mvrielink@chicagorea.com +1(312) 970-9476

$ 1,350,000

Est. payment | -/mo

4 Beds

4 Baths

Save

$ 1,350,000

Est. payment | -/mo

Save

4 Beds

4 Baths

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID 12588178

Bedrooms 4

Annual Tax Amount $26,674

Tax Year 2024

Lot Dimensions 25X81

Property Sub-Type Two to Four Units

Property Description

MULTIPLE OFFERS RECEIVED. PLEASE SUBMIT BEST AND FINAL BY 3/15/26 BY 6PM. Rare opportunity to own two stand-alone homes on one lot (25x80) in the heart of the highly sought-after Old Town Triangle-an exceptional investment with strong rental potential and multiple use options. Building #1 is a Victorian-style home originally built in 1895 for a cigar maker and later renovated in 2000. The home offers three levels of light-filled living space with 3 bedrooms and 2.5 baths. The main level features a living room, dining room, updated kitchen, and powder room with hardwood floors throughout. The top level includes two bedrooms and a spacious shared full bath with vaulted ceilings, dual sinks, and skylights. The lower level provides a third bedroom, full bath, family room, and laundry. A private patio is exclusive to this home. Projected rent: $6,500-$7,500 per month. Tenants pay utilities. Building #2 is a separate two-level brick coach house filled with character, including exposed brick, oversized windows, and a spacious living area with a wood-burning fireplace. The second level features a large lofted bedroom and bathroom. The kitchen includes a washer/dryer combo, and the coach house enjoys its own private patio. Projected rent: approximately $3,000 per month. Tenant pays utilities. This property presents an ideal setup for an owner-occupant looking to live in one home while renting or Airbnbing the other-without sharing walls, floors, or ceilings with tenants. Investors will appreciate the strong rental demand in Old Town and the opportunity to collect premium rents. Both buildings have been significantly updated over the years (see additional documents for improvements). PLEASE NOTE - No on-site parking, but easy street parking and nearby rental options are available. Lot is landlocked and backs up to a landscaped lot on Fern Court. Outstanding location just two blocks from the L, steps from Twin Anchors, and walking distance to the lakefront, Wells Street restaurants, shops, and coffee. A rare Old Town investment offering two independent homes in the Lincoln School District, strong income potential, and an unbeatable location.

Location

State IL

County Cook

Area Chi - Lincoln Park

Rooms

Basement Finished, Walk-Out Access

Interior

Heating Natural Gas, Forced Air

Fireplace N

Exterior

Community Features Curbs, Sidewalks, Street Lights

Building

Dwelling Type Two to Four Units

Building Description Aluminum Siding,Brick, No

Sewer Public Sewer

Water Public

Structure Type Aluminum Siding,Brick

New Construction false

Schools

Elementary Schools Lincoln Elementary School

Middle Schools Lincoln Elementary School

High Schools Lincoln Park High School

School District 299 , 299, 299

Others

Ownership Fee Simple

Special Listing Condition None

Listed by Sharon O'Hara of @properties Christie's International Real Estate

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(312) 970-9476

mvrielink@chicagorea.com

1941 N Elston Ave, Chicago, IL, 60642-1219, USA

1718 N Sedgwick ST Chicago, IL 60614