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$6,300,000

  • Sold
  • Closed
  • Commercial
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Impeccable all brick, 2019 build, 12 unit apartment building in Lincoln Park. Built by an experienced builder with over 30 years experience building in the Chicagoland area. Built as a condo building, this property was finished to the highest quality, including quartz counters, stainless appliances, fire places, in-unit washer/dryer, garage parking and rooftop decks. Fantastic rental units, never vacant. Turn key property. The seller has never allowed pets, so the units have stayed in fantastic condition. // $586,500 Gross Yearly Rental Income // 5.63% CAP Rate // Upside Potential Bringing Rents to Market Rates (Number of long term tenants)

Full Property Details for 2448-50 N Clybourn Ave

General

  • Sold For: $6,300,000
  • Taxes: $133,725 (2021)
  • Status: Closed
  • Type: Commercial
  • Source: MRED
  • MLS ID: 12026011
  • Added to Site: 680 day(s) ago

Interior

  • Fireplace: Yes

Location

  • Area: CHI - Lincoln Park
  • County: Cook
  • Driving Directions: Fullerton to Clybourn, North to 2450

Heating & Cooling

  • Cooling Type: Central Air Conditioning
  • Heating Type: Forced Air, Gas

Structural Information

  • Construction: Brick
  • Exterior Const.: Brick
  • Stories/Levels: 4
  • Current Bldg. Use: Multi-Family
  • Year Built: 2019

Unit Information

  • Units w/Refrigerators: 12
  • Units w/Range/Oven: 12
  • # Dryers: 12

Lot Features

  • Lot Dimensions: 79 x 150

Financial Considerations

  • Operating Expenses: $196,890
  • Assessment Year: 2019
  • Tax Amount: $133,725
  • Tax Year: 2021
  • Tenant Pays: Air Conditioning, Electricity, Heat, Hot Water

Disclosures and Reports

  • Property ID: 14304000650000

Listed and Sold by Compass

Listing agent

— 2448-50 N Clybourn Ave —

  • Compass

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NMLS#: 1598647

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Price & Sales History for 2448-50 N Clybourn Ave

Date
Details
Price
Change
Source
4/30/2025
Sold
$6,300,000
-7.34%
MLS
4/10/2024
Listed
$6,799,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed and Sold by Compass

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2448-50 N Clybourn Avenue, Chicago, IL 60614 (MLS# 12026011) is a Commercial property that was sold at $6,300,000 on April 30, 2025. Want to learn more about 2448-50 N Clybourn Avenue? Do you have questions about finding other Commercial real estate for sale in Lincoln Park? You can browse all Lincoln Park real estate or contact a Coldwell Banker agent to request more information.