2648 Orchard Street, Lincoln Park, Chicago, Illinois 60614
$1,800,000
|
Sold
|
|
| Status: | Closed |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 9 |
| Baths: | 0 |
| Year Built: | 1927 |
| Property Taxes: | $24,110 |
| Days On Market: | 1659 |
| Lot Size: | 0,08 |
Description
THIS OVERSIZED BRICK 4-UNIT BUILDING ON AN EXTRA DEEP 145 FT LONG LOT in a PRIME EAST LINCOLN PARK LOCATION on one of Chicago's most beautiful blocks. The deeper lot size of this property allowed for a larger building footprint and larger units than the average building. As a result, the rents are higher. Three of the units offer 2 full baths, a hard to find but highly desirable attribute in the Chicago rental market. This easy to rent location can't be beat and is just 4 blocks to the lakefront, 4.5 blocks to the Redline "L"and nestled in between Clark Street and Halsted with their plethora of shops and restaurants. There couldn't be a better location for your long-term investment! This updated building boasts spacious floor plans with 2BTH units in the top three apartments, private back decks and a private roof-top deck, separate HVAC systems, updated thermal pane windows, 4 fireplaces and a top-floor 2BR, 2BTH penthouse apartment with in-unit laundry and private roof-top deck with skyline views of downtown Chicago! Perfect for an owner-occupied buyer or investor alike. 1st and 2nd floor apartments feature hard-to-find 3BR, 2BTH layouts, updated kitchens with granite counters & updated baths as well. Garden unit was beautifully gut rehabbed in 2018 with all new kitchen (cabinetry, granite countertops, new appliances), new flooring, closet, stairs, paint and electrical. Current owners have invested heavily in improvements since purchasing this property and it shows! In addition to the garden unit gut rehab, recent updates include: refinishing of floors, two bathroom renovations, all new kitchen appliances in 3 of the apartments, new skylight in penthouse, new roof torch down, flashing, new gutter, multiple HVAC updates including old boiler removal, new central air compressors in three of the units, construction of private storage units (one for each apartment), new garage roof and gutter, masonry work and tree removal just to name a few. This building offers the perfect marriage of classic Chicago architecture on the exterior and modern and updated apartments and systems on the interior in an A+ easy-to-rent Lincoln Park Location. It also offers a 2-car brick garage and very large back yard patio. Opportunity exists to potentially increase gross rents with further improvements.
Property Specifics
| Multi-unit | |
| — | |
| Traditional | |
| 1927 | |
| Full | |
| — | |
| No | |
| 0.08 |
| Cook | |
| — | |
| — / — | |
| — | |
| Lake Michigan | |
| Public Sewer | |
| 11126498 | |
| 14283030450000 |
Nearby Schools
| NAME: | DISTRICT: | DISTANCE: | |
|---|---|---|---|
|
Grade School
Alcott Elementary School |
299 | — | |
|
High School
Lincoln Park High School |
299 | Not in DB | |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 31 Oct, 2008 | Sold | $995,000 | MRED MLS |
| 26 Aug, 2008 | Under contract | $1,050,000 | MRED MLS |
| 13 Aug, 2008 | Listed for sale | $1,050,000 | MRED MLS |
| 20 Jun, 2018 | Sold | $1,537,500 | MRED MLS |
| 19 May, 2018 | Under contract | $1,625,000 | MRED MLS |
| — | Last price change | $1,675,000 | MRED MLS |
| 8 Feb, 2018 | Listed for sale | $1,850,000 | MRED MLS |
| 13 Sep, 2021 | Sold | $1,800,000 | MRED MLS |
| 12 Jul, 2021 | Under contract | $1,850,000 | MRED MLS |
| 17 Jun, 2021 | Listed for sale | $1,850,000 | MRED MLS |
Room Specifics
Total Bedrooms: 9
Bedrooms Above Ground: 9
Bedrooms Below Ground: 0
Dimensions: —
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Full Bathrooms: 7
Bathroom Amenities: —
Bathroom in Basement: —
Rooms: —
Basement Description: Partially Finished,Exterior Access
Other Specifics
| 2 | |
| Brick/Mortar,Stone | |
| — | |
| — | |
| Fenced Yard | |
| 25X145 | |
| — | |
| — | |
| — | |
| — | |
| Not in DB | |
| Curbs, Sidewalks, Street Lights, Street Paved | |
| — | |
| — | |
| — |
Tax History
| Year | Property Taxes |
|---|---|
| 2008 | $13,574 |
| 2018 | $19,062 |
| 2021 | $24,110 |
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Listing Provided By
Baird & Warner
