This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/1
$2,499,000
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/1
Property Description
After 40 years, this exceptional 6-unit Greystone is available on one of the most coveted streets in Lincoln Park. With an impressive 6.39 cap rate and 218K+ in total rent (with upside potential), this fully leased building is a fantastic investment opportunity. Long-term, qualified tenants are in place with annual leases, and historically, the building has stayed fully occupied. Perfect for an owner-occupant or as an armchair investment, the property offers a stunning top-floor 4-bedroom, 2-bath unit with soaring ceilings and an abundance of natural light. The building also features one 2-bedroom unit, three 1-bedroom units, and a spacious 3-bedroom, 2.5-bath lower-level unit. Enjoy multiple outdoor spaces, central heating and air (with the exception of one unit), and in-unit laundry in the larger units, with common laundry for the others. Additional storage is available within the building, and there's a 2-car garage with a rooftop deck in the rear. Located in one of Chicago's finest neighborhoods, this property is just a short walk to Lake Michigan, the Fullerton public transportation stop, top-tier restaurants, shopping, and vibrant nightlife. With R4 zoning, this building is in excellent condition and is sold as-is. For more details, including a list of improvements and the rent roll, please refer to the additional documents.
Full Property Details
Full Property Details for 2544 N Burling St
General
- Sold For: $2,499,000
- Taxes: $34,667 (2023)
- Status: Closed
- Type: Commercial
- Source: MRED
- MLS ID: 12301656
- Added to Site: 321 day(s) ago
Interior
- Fireplace: Yes
Location
- Area: CHI - Lincoln Park
- County: Cook
- Driving Directions: Clark or Halsted to Wrightwood. Wrightwood to Burling. One way south to 2544.
Heating & Cooling
- Cooling Type: Central Individual
- Heating Type: Central Heat/Individual Controls, Forced Air, Gas
Structural Information
- Construction: Limestone
- Exterior Const.: Limestone
- Basement Desc.: Finished, Exterior Entry
- Stories/Levels: 3
- Square Feet: 5,529
- Year Built: 1893
- Built Before 1978: Yes
Unit Information
- Units w/Refrigerators: 6
- Units w/Range/Oven: 6
- # Dryers: 3
Lot Features
- Lot Size (Sq. Ft.): 2,754
- Lot Dimensions: 22 x 125
- Zoning: MULTI
Financial Considerations
- Operating Expenses: $61,734
- Assessment Year: 1893
- Tax Amount: $34,667
- Tax Year: 2023
- Tenant Pays: Electricity, Heat
Disclosures and Reports
- Property ID: 14283110410000
Listed by Berkshire Hathaway HomeServices Chicago
Sold by Compass
Get Pre-Approved Today
Schools
Schools serving 2544 N Burling St
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Alcott College Prep 2625 North Orchard Street, Chicago, IL 60614 | K-8 | 0.1 mi |
Lincoln Park High School, Chicago, IL 2001 North Orchard Street, Chicago, IL 60614 | 9-12 | 0.7 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2544 N Burling St
Date
Details
Price
Change
Source
4/08/2025
Sold
$1,055,000
-56.94%
MLS
3/02/2025
Listed
$2,450,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
2544 N Burling Street, Chicago, IL 60614 (MLS# 12301656) is a Commercial property that was sold at $2,499,000 on April 08, 2025. Want to learn more about 2544 N Burling Street? 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.

