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Dream Town Realty

312.265.8000

MLS #11354047

1556 N La Salle Drive , Chicago IL, 60610
Old Town Two to Four Units

Bed: 5 | Bath: 4.3 | Tax: 32766 | HOA: -

For Sale: $2,399,999

-87.6335017,41.9108264

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    CASH COW!!! THERE IS A $6,200 / PER MONTH SIGN ADVERTISEMENT ON THE SIDE OF THE BUILDING THAT HAS A NEW LONG TERM LEASE!!!!! 1 Billboard, 1 Commercial Property, 3 Residential units. This property is a cash cow and can generate approximately $382,000 in annual revenue if the residential units are converted to Airbnb or short-term rentals. Please ask listing agent for the forecasted financial statements. GREAT INVESTMENT! 18% cash on cash return, 10%+ = cap rate. Listing Agent specializes in Airbnb / short-term rentals in the City of Chicago. Just ask for more information. The subject property is comprised of a +/- 2,500 SF land site improved with a +/- 6,300 SF 2.5-story, brick, mixed-use (commercial and residential) building in the Old Town neighborhood of Chicago. The ground/garden level of the subject is comprised of a rented commercial storefront unit totaling approximately 2,000 SF. The first floor is built out for an office unit in the front and residential apartment unit in the rear, with each unit averaging approximately 1,000 SF. The top floor consists of a single, large residential apartment unit that spans the entire floor and measures approximately 2,000 SF. The site is zoned B3-5, Community Shopping District.


    Features and Information

    Property Information

    • List Price: $2,399,999
    • Tax: $32,766
    • Square Feet: -
    • Market Time: 195
    • Status: Active
    • Type: Two to Four Units
    • Built: 1906
    • Garage Spaces: -
    • Dimensions: 2500

    Property Location

    • Address: 1556 N La Salle Drive
    • Unit: -
    • Unit Floor Level: -
    • City/State: Chicago
    • ZIP: 60610
    • MLS Area: CHI - Near North Side
    • County: Cook
    • PIN #: 17042040090000

    Features

    • Heat: Forced Air
    • Air Conditioning: -
    • Appliances: -
    • Parking: None
    • Age: 100+ Years
    • Exterior: Brick
    • Assessments Include: -

    Rooms

    • Total Rooms: 17
    • Bedrooms: 5
    • Master Bedroom: -
    • Bathrooms: 4.3
    • Master Bath: -

    Based on information submitted to the MLS GRID as of 10/4/2022 8:02 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    Map of 1556 N La Salle Drive , Chicago IL, 60610
    Learn More About Old Town

    Listed by: Daniel Moja - TBFS Investments LLC-Realty
    Source: MRED as distributed by MLS GRID

    Properties Surrounding 1556 N La Salle Drive

    Schools In The Old Town Area

    See grade levels, address, and scores for schools in the Old Town area.

    20 schools in area
    School Type Level Grade(s) Rating

    Alcott College Prep

    2625 N Orchard St

    Public Preschool - Middle PK-9
    9

    Salazar Elementary Bilingual Center

    160 West Wendell Street

    Public Preschool - Middle PK-8
    5

    Payton College Preparatory High School

    1034 North Wells St

    Public High 9-12
    10

    The Latin School Of Chicago

    59 West North Boulevard

    Private Preschool - High PK-12
    NR

    St Josaphat School

    2245 North Southport Avenue

    Private Preschool - Middle PK-8
    NR

    Rauner College Prep

    1337 W. Ohio St.

    Charter High 9-12
    9

    Metropolitan Schoolhouse

    1415 N. Dayton

    Private Elementary - High K-12
    NR

    Lincoln Park High School

    2001 North Orchard St

    Public High 9-12
    9

    Lincoln Elementary School

    615 West Kemper Place

    Public Elementary - Middle K-8
    10

    Wells Community Academy High School

    936 North Ashland Ave

    Public High 9-12
    4

    St. Mary of the Angels

    1810 N Hermitage Ave

    Private Preschool - Middle PK-8
    NR

    Near North Montessori School

    1434 W Division St

    Private Preschool - Middle PK-8
    NR

    Catherine Cook School

    226 West Schiller Street

    Private Preschool - Middle PK-8
    NR

    Rowe Elementary School

    1424 N Cleaver St

    Charter Elementary - Middle K-7
    4

    Golder College Prep

    1454 W. Superior St.

    Charter High 9-12
    9

    Bennett Day School

    955 W Grand Ave

    Private Preschool - High PK-12
    NR

    Lawrence Hall-Lakewood

    65 East Wacker Place

    Private Elementary - High n/a
    NR

    Agassiz Elementary School

    2851 North Seminary Avenue

    Public Preschool - Middle PK-8
    6

    Franklin Elementary Fine Arts Center

    225 West Evergreen Ave

    Public Elementary - Middle K-8
    5

    Lasalle Elementary Language Academy

    1734 North Orleans St

    Public Elementary - Middle K-8
    7

    School data provided by GreatSchools.School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly. GreatSchools Ratings provided by GreatSchools.org.

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