905 W Dakin St - Multi-Family FOR SALE


Chicago, IL 60613- Lakeview
$1,599,000 USD
773-612-6628
905 W Dakin St, Chicago, IL for Sale
$1,599,000 USD
Multi-Family - FOR SALE
1/18
null | 4.19% Cap Rate

905 W Dakin St
Chicago, IL 60613
Lakeview


HIGHLIGHTS

  • 2 car garage for additional rental income
  • All 3 units fully rented through 2026
  • Extremely customizable large units - 2 bedroom units can be flexed into a 3 bedroom

OVERVIEW

**PRIME** East Lakeview CLASSIC Greystone FOUR BLOCKS from WRIGLEY - Fully Renovated 3-Unit Investment with STRONG Cash Flow! On one of East Lakeview's most picturesque tree-lined blocks, this Greystone has been updated since its purchase with LARGE units boasting spacious floor plans, large living spaces, eat-ins, separate dining rooms, updated kitchens and bathrooms, separate HVAC systems, and more. Office / den spaces can easily be converted into third bedrooms or left as bonus rooms. With all three units leased through 2026, this is a turnkey investment with very strong cash flow in one of Chicago's most desirable rental markets. Unit 1 underwent a major renovation in 2024 with approximately $28K in improvements, including all new appliances and the addition of a private in-unit washer/dryer. The basement has plentiful tenant storage, maximizing functionality, and also has the convenience of a two-car brick garage. Ideally situated just BLOCKS from the lakefront, Wrigley, and two blocks from the Red Line 'L', the building is in a prime north side location to give tenants unbeatable access to Lakeview's restaurants, shops, and nightlife. With a proven rental history, this building is an excellent investment that provides immediate stability with long-term upside in one of Chicago's most sought-after neighborhoods.

FOR SALE DETAILS

PRICE

$1,599,000 USD

PRICE/SF

$331 USD /SF

# OF UNITS

3

PRICE/UNIT

$533,000

CAP RATE

4.19%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

905 W Dakin

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1902

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

14-20-206-011-0000

ASK ABOUT THIS PROPERTY

Mark ZippererRe/Max NextMore Info
773-612-6628

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Mark ZippererRe/Max NextMore Info
773-612-6628

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