4 Unit Corporate Rental Building in Lincoln Park
Sold
2525 N. Orchard St.
Chicago, IL 60614
5,067 SF
Multi-Family
The Details
- 4 unit multi-family building
- Three 4 bed, 2 bath apartments
- One 2 bed, 2 bath apartment
- Parking for 4 cars
- 3 year master lease to corporate rental
- All expenses covered by agreement including cable, Wi-fi and parking
- Est. 2014 NOI: $155,861
- Cap Rate: 5.8%
- Units feature high ceilings, hardwood floors, in-unit washer/dryers, fireplaces, patio and contemporary furnishings
- Land Area: 3,750 SF
- Taxes (2013): $18,239
At the corner of Deming and Orchard, this four unit multi-family building is leased to a corporate rental company under a three year master lease. The vintage walk-up building includes three 4 bed, 2 bath apartments and a 2 bed 2 bath unit. Each unit has lots of natural light, high ceilings, hardwood floors, contemporary furnishings and in-unit washer/dryers. The building is also in the desirable Lincoln Park school district.
Lincoln Park is in one of the most desirable neighborhoods of Chicago with good schools and lots of amenities. In addition to Lincoln Park and the lakefront, the area features a large number of boutiques, restaurants and public transportation routes.