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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Based on information submitted to the  MLS GRID for MRED 3/28/2024. All data is obtained from various sources and has not been, and will not be, verified by broker, MRED or MLS GRID. MLS Grid and MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.

©2024 Listings Courtesy of MRED as distributed by MLS GRID. All rights reserved.

Data last updated 4:17 AM UTC, 3/28/2024

 

 

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