2525 N Orchard St - Apartments FOR SALE


Chicago, IL 60614- Lincoln Park
$3,000,000 USD
773-570-0318
2525 N Orchard St, Chicago, IL for Sale
$3,000,000 USD
Apartments - FOR SALE
1/17
null | 5.87% Cap Rate

2525 N Orchard St
Chicago, IL 60614
Lincoln Park


HIGHLIGHTS

  • Rarely available Lincoln Park location
  • Fully renovated in 2022
  • Near Fullerton Red Line, Clark Street, and the DePaul campus

OVERVIEW

6-unit apartment building located in Chicago's highly desirable and rarely available Lincoln Park neighborhood. This property was fully renovated in 2022 and offers bright, sun-filled units with central air, in-unit laundry, and generous floor plans. The renovation included all-new electrical systems and substantial plumbing replacement. Units feature modern finishes with stainless appliances, quartz countertops, hardwood floors, in-unit laundry, individual water heaters, and central air conditioning. Three surface parking stalls in front of building. 2525 N Orchard is located a block off the bars and restaurants of Clark Street, a half mile from the Fullerton Red Line station, and near DePaul's campus. Assumable debt available with balance of ~$2,000,0000; a 5.73% rate; and three years of remaining term.

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$720 USD /SF

# OF UNITS

6

PRICE/UNIT

$500,000

CAP RATE

5.87%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1881

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,746 SF

ZONING

RM-5

APN/PARCEL ID

14-28-313-003-0000

ASK ABOUT THIS PROPERTY

Philip LeighEssex 312, LLCMore Info
773-570-0318

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Philip LeighEssex 312, LLCMore Info
773-570-0318

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.