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Sarah Leonard

sarah@sarahleonardsells.com +1(224) 239-3966

$ 3,699,000

Est. payment | -/mo

6 Beds

6 Baths

1,742 Sqft Lot

Save

$ 3,699,000

Est. payment | -/mo

Save

6 Beds

6 Baths

1,742 Sqft Lot

OPEN HOUSE

Sat Jan 25, 12:00pm - 1:00pm

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12271730

Style Greystone

Bedrooms 6

Year Built 1881

Annual Tax Amount $17,337

Tax Year 2023

Lot Size 1,742 Sqft

Lot Dimensions 24X90

Property Description

Own a landmark & consider your options with this incredible blue chip investment piece! Already a solid multi unit building generating income, you could convert portions of this gem to Airbnb or bed & breakfast and triple the income OR de-convert to Luxury Single Family and build on the rich history and incredible craftsmanship--they don't built it like this anymore! This Gold Coast Historical Greystone lovingly built by Potter Palmer in 1888 boasts approximately 7000 square feet , on a 24 x 90 foot lot; 4 rental units, plus a 4 car garage. The units can be converted into a single family, or maybe its an 8 unit rental building. All options are on the table! This is a great opportunity as while all units are currently rented, some leases are month to month or flexible to be bought out. 7 bedrooms and 6 bathrooms, beautifully restored moldings, the millwork alone will make your heart sing--hardwood flooring and 9 marble wood burning fireplaces will delight your senses. This historic home is the epitome of gilded age opulence. Five levels are currently divided into three apartments, offering a myriad of living options. Convert back to a magnificent single family home or capitalize on the amazing rental income in the desirable Gold Coast neighborhood with this epic location. Each unit currently has its own kitchen and front facing spacious living room; the third and fourth floor kitchens could easily be removed for additional bedrooms or living spaces. Many rooms have their original, or restored, fireplaces, carved oak mantles, and crown moldings. This home also offers a a 20x 15 private rooftop deck, several private balconies, and a lower level can be used as an office space. Three large master suite complete this spectacular home. There are endless possibilities, and the "studio" unit has just been completely rehabbed. All offers will be considered and reviewed, seller is motivated for the right buyer to come and make this next chapter a part of Chicago's compelling story. Must see to appreciate and understand the full potential...

Location

State IL

County Cook

Area Chi - Near North Side

Zoning MULTI

Rooms

Basement Full, English

Interior

Heating Natural Gas, Forced Air, Zoned

Fireplace N

Exterior

Exterior Feature Balcony, Deck, Outdoor Grill

Parking Features Attached

Garage Spaces 4.0

Community Features Gated

Building

Dwelling Type Two to Four Units

Sewer Public Sewer

Water Lake Michigan

New Construction false

Schools

Elementary Schools Ogden Elementary

Middle Schools Lincoln Park High School

School District 299 , 299, 299

Others

Ownership Fee Simple

Special Listing Condition None

Listed by Nick Libert • EXIT Strategy Realty

GET MORE INFORMATION

Sarah Leonard

Broker | Owner

sarah@sarahleonardsells.com

+1(224) 239-3966

33 E Division ST Chicago, IL 60610

Sarah Leonard

OPEN HOUSE

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

GET MORE INFORMATION

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33 E Division ST