Active
1556 N LaSalle Street
Chicago IL, 60610
$2,649,999
Active
5 Beds
7 Baths
Residential
Built in 1906
Courtesy of TBFS Investments LLC-Realty
CASH COW!!! THERE IS A $6,200 / PER MONTH SIGN ADVERTISEMENT ON THE SIDE OF THE BUILDING THAT HAS A LONG TERM LEASE!!!!! 1 Billboard, 1 Commercial unit, 3 Residential units that were gut rehabbed in 2023! Furthermore, the Penthouse unit has the City approved short-term rental license. You can legally rent out the Penthouse as an Airbnb! This property is a cash cow and can generate approximately $300,000 in annual revenue. Building comes fully furnished/turn key for furnished short-term rentals. GREAT INVESTMENT! 19%+ cash on cash return, 10% = cap rate. 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 2nd floor is comprised of 2 MTM furnished rentals. Each unit is a 2 bed unit. The top floor consists of a single, large residential apartment unit that spans the entire floor and measures approximately 2,000 SF. This unit is legally licensed as an Airbnb. The site is zoned B3-5, Community Shopping District.
11727949
MLSⓇ ID
March 1, 2023
Listed
March 28, 2024
Updated
Map
1556 N LaSalle Street
Chicago IL, 60610
Interior Features
Bedrooms
5 Beds
Bathrooms
7 Baths
Fireplace
No
Cooling
No
Heating
Yes
Heating Description
Forced Air
Exterior/Building Features
Sewer
Public Sewer
School Information
School District
299
Other Property Details
Area Name
CHI - Near North Side
Taxes
$32,766
Tax Frequency
Annually
Days on Market
12
Garage
No
Parking Total
0
View
No
County
Cook
Water Source
Public
Pool
No
Zoning
COMMR
Buyer Agency Compensation
2% - $399 PROCESSING FEE
Courtesy of TBFS Investments LLC-Realty, Daniel Moja,
Listing Contact: 217-725-7346
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Data last updated 4:17 AM UTC, 3/28/2024