ON MARKET – MULTI-FAMILY
1552 North LaSalle Street Chicago, IL 60610
PRICE
$6,400,000
NUMBER OF UNITS
16
CAP RATE
5.39%
PROPERTY LISTED

Essex Realty Group, Inc. has been exclusively engaged to market for sale 1552 North LaSalle Street, a 16 unit multifamily property in the heart of Chicago’s popular Old Town neighborhood. The property sits on an oversize lot on the west side of LaSalle Street just south of North Avenue, and features 16 parking spaces. The units feature beautiful high-end finishes including stainless steel appliances, quartz countertops, custom kitchen cabinets, custom tile backsplash, plus washer/dryer in-unit and central heat and air. Additionally, the property features a dog run and a beautiful rooftop deck with sweeping views of Chicago's entire skyline and beautiful lakefront. 1552 North LaSalle presents a rare opportunity to acquire a 16 unit completely renovated apartment building in the heart of Old Town.

LOCATION DETAILS

Old Town is a designated historic district filled with rich history and beautiful Victorian-era buildings nestled between the Gold Coast/River North & Lincoln Park. Old Town is home to Chicago’s famous improv comedy training center The Second City, a Chicago staple which opened its doors in 1959 and is located across the street. Additionally, The Old Town Art Fair was one of the original neighborhood fairs in Chicago dating back to 1949. Today the Fair features exhibits from more than 250 artists and showcases the quaint homes and gardens along the tree lined streets. Old Town is also home to the historic St. Michael's Church which is famous for surviving the Great Chicago Fire.

Just one block west of the property is Wells Street, a lively main thoroughfare home to a number of popular local restaurants and bars. One of Chicago’s largest and well known parks, just 1 block to the east of the property is Lincoln Park and just a 15 minute walk through the park is North Avenue Beach. Old Town features convenient transportation options including easy access to Lake Shore Drive, the Sedgwick CTA station, which sits within 7 minutes walking distance plus a number of bus stops & Divvy Bike Stations.

HIGHLIGHTS
  • Rare Opportunity to Acquire a 16 Unit Renovated Apartment Building in the Heart of Old Town
  • High-End Apartment Units with Laundry In-Unit
  • Prime Location in the Heart of Old Town and just 7 Minutes Walking Distance to the Sedgwick CTA Station
  • Rooftop Deck with Sweeping Skyline Views
  • Just One Block from Lincoln Park and the Beautiful Lakefront
LISTING BROKERS
Jim Darrow
Principal
773.305.4920
Jordan Gottlieb
Principal
773.305.4922