844 W Lakeside Pl - Multi-Family FOR SALE


Chicago, IL 60640- Uptown Chicago
$2,875,000 USD
847-910-6805
844 W Lakeside Pl, Chicago, IL for Sale
$2,875,000 USD
Multi-Family - FOR SALE
1/14
null | 6.28% Cap Rate

844 W Lakeside Pl
Chicago, IL 60640
Uptown Chicago


OVERVIEW

Essex Three Twelve, LLC has been exclusively engaged to market for sale 844-846 W. Lakeside Pl., a classic center-entrance six-flat apartment building located in Chicago's Uptown neighborhood, a short walk from Lake Michigan and Montrose Harbor. The Property consists of five (5) three-bedroom/two-bathroom units and one (1) four-bedroom/two-bathroom unit, with each apartment measuring approximately 1,600 square feet. The Offering also includes five (5) garage parking spaces and a basement workspace currently rented for $550/month. Tenants have large private storage spaces in the basement as well. The apartments showcase preserved vintage character — coffered ceilings, wainscoting, crown molding, decorative fireplaces, and built-in cabinetry — paired with select unit-level updates including refinished hardwood floors, quartz countertops, stainless-steel appliances, HVAC, in-unit washer/dryers, and renovated bathrooms. Capital improvements include a fully rebuilt rear porch system (2023) and a 400-amp electrical service upgrade (2016). A new owner may choose to pursue additional cosmetic renovations to kitchens and bathrooms to push rents above current market levels, building on the unit modernization already completed elsewhere in the building. The Property may also support the addition of an Accessory dwelling unit (ADU) or two, pending city approval. 844-846 W. Lakeside Pl. is ideally situated on a quiet, tree-lined street one block from the Lakefront Trail and Montrose Harbor, with three CTA stations nearby — Lawrence Red Line (7 minutes), Wilson Red/Purple (8 minutes), and Argyle Red Line (10 minutes) — all providing direct service to the Loop.

FOR SALE DETAILS

PRICE

$2,875,000 USD

PRICE/SF

$299 USD /SF

# OF UNITS

6

PRICE/UNIT

$479,167

CAP RATE

6.28%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

844 W Lakeside Pl

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1910

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

14-17-205-034-0000

ASK ABOUT THIS PROPERTY

Abe EilianEssex Realty Group, LLCMore Info
847-910-6805

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Abe EilianEssex Realty Group, LLCMore Info
847-910-6805

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