Essex Realty Group, Inc. is pleased to present 64 E. Cedar St., an extremely rare boutique multifamily development opportunity in the Gold Coast. Zoned for up to 6 apartment units, this unique greystone presents developers with several “buildable options” to maximize future rents. Notably, “East Cedar Street” is a single block between Lakeshore Drive and State Street. There are no other Cedar addresses in the City of Chicago. Properties on this block – along with Bellevue Place, Elm, Oak, and Walton Street are considered by many to be the most coveted in the Gold Coast.

The Subject Property currently consists of two (2) 1 Bed/1 Bath units, one (1) garden studio unit, and a raw (gutted) 2nd floor and 3rd floor. Developers may find that optimized future layouts include full floor plan 3 Bed/2 Bath units, front and back 1 Bed/1 Bath units, or some combination thereof. Alternatively, the property’s curb appeal may situate it nicely for a creative single-family developer.

Located on the north side of Cedar Street, this property is in the quintessential pocket of the Gold Coast. Many of Chicago’s most famous and iconic restaurants are within blocks of this building including Gibson’s Steakhouse, Lou Malnati’s, Maple & Ash, Carmine’s, LUXBAR, and Adalina – among others. The Subject Property is also conveniently located around the corner from Chicago’s “Magnificent Mile” – recognized as one of the most famous shopping districts in the world – Lakeshore Drive, and Oak Street Beach. The access to world-class dining, shopping, entertainment, site-seeing, and the collective energy in this neighborhood are responsible for what makes living and owning in this area a dream for so many.

Gold Coast Neighborhood