844 W Lakeside Pl - Apartments FOR SALE


Chicago, IL 60640- Uptown Chicago
$2,875,000 USD
312-216-2422
844 W Lakeside Pl, Chicago, IL for Sale
$2,875,000 USD
Apartments - FOR SALE
1/14
null | 6.28% Cap Rate

844 W Lakeside Pl
Chicago, IL 60640
Uptown Chicago


HIGHLIGHTS

  • Classic six-unit apartment building in Chicago's Uptown neighborhood.
  • Features preserved vintage architectural details throughout the property.
  • Includes garage parking and additional basement income opportunity.
  • Select units have updated kitchens, appliances, and in-unit laundry.

OVERVIEW

844 W Lakeside Pl presents the opportunity to acquire a six-unit apartment building in Chicago's Uptown neighborhood, located within walking distance of Lake Michigan, Montrose Harbor, and the area's established retail, dining, and transit amenities. The property combines historic architectural character with selective capital improvements, creating an asset that appeals to investors seeking both current income and long-term positioning in one of Chicago's lakefront neighborhoods. The building consists of six large residential units, including a mix of three-bedroom and four-bedroom floor plans, complemented by garage parking and additional income generated from a basement workspace. Many of the apartments retain original architectural details such as coffered ceilings, crown molding, decorative fireplaces, built-in cabinetry, and wainscoting, while select renovations include updated kitchens, refinished hardwood flooring, stainless-steel appliances, HVAC improvements, and in-unit laundry. Its location near Montrose Harbor, public transportation options, neighborhood services, and recreational amenities contributes to ongoing residential demand within the surrounding area. The combination of vintage character, updated interiors, ancillary income opportunities, and proximity to Chicago's lakefront amenities positions the property as a compelling multifamily investment with potential for continued income growth and asset appreciation.

FOR SALE DETAILS

PRICE

$2,875,000 USD

PRICE/SF

$283 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

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1910

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,522 SF

ZONING

RT-4

APN/PARCEL ID

14-17-205-034-0000

ASK ABOUT THIS PROPERTY

Niko ApostalEssex 312, LLCMore Info
312-216-2422

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Niko ApostalEssex 312, LLCMore Info
312-216-2422

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