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$1,365,000
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Property Description
Attractive and solid 3-unit INVESTMENT property on historically charming Burling Street in Lincoln Park, a walker's paradise close to shopping, transit, schools, and the lake. Fully rented building has received many improvements and has respectful long-term tenants who take care of the property. Tenants pay all utilities; all units have HVAC systems that are serviced annually; most have been replaced within past 8 years. First floor duplex has four bedrooms and 2 baths. Second floor 2-bedroom unit has huge living room, dining room and kitchen, many windows and tons of character. Top floor has two bedrooms, a large open kitchen and in-unit laundry. Dedicated washers & dryers for units one and two are in the basement. Building and garage roof and gutters replaced in 2020. Many windows and appliances have been replaced. Kitchen and bath remodels on 1st and 2nd floor are among the many improvements. 2-car garage onsite brings in additional income. Comparable properties in the area are getting 20% higher rents. Depaul Campus, Red and Brown Line trains, Trader Joe's, Lincoln Park and Oz Park are all a short walk! Full list of improvements, rent roll and pro forma are available at showing.
Full Property Details
Full Property Details for 2640 N Burling St
General
- Sold For: $1,365,000
- Taxes: $16,615 (2023)
- Status: Closed
- Type: Multi-Family
- Source: MRED
- MLS ID: 12363634
- Added to Site: 283 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 4
Bedrooms
- Total Bedrooms: 8
Parking
- Garage: Yes
- Garage Spaces: 2
- Total Spaces: 2
- Parking Features: Garage Door Opener, On Site, Garage Owned, Detached, Garage
- Parking On-Site: Yes
Location
- Area: CHI - Lincoln Park
- County: Cook
- Driving Directions: BURLING IS ONE-WAY SOUTH FROM SCHUBERT BETWEEN CLARK AND HALSTED.
School Information
- School District: 299
- Midd School District: 299
- Elementary School: Alcott Elementary School
- Middle School: Alcott Elementary School
- High School: Lincoln Park High School
- Private School: Lincoln Park High School
Heating & Cooling
- Heating Type: Natural Gas, Forced Air
Utilities
- Water: Lake Michigan, Public
Structural Information
- Construction: Frame
- Exterior Const.: Frame
- Basement Desc.: Finished, Full
- Year Built: 1880
- Built Before 1978: Yes
- Remodeled/Updated: 2021
Unit Information
- Units in Building: 3
Lot Features
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 25 x 105
- Zoning: MULTI
Financial Considerations
- Parking Included: Yes
- Assessment Year: 1880
- Tax Amount: $16,615.29
- Tax Year: 2023
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 14283020340000
Listed by @properties Christie's International Real Estate
Sold by Compass
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Schools
Schools serving 2640 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 | 0.8 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 2640 N Burling St
Date
Details
Price
Change
Source
6/23/2025
Sold
$1,365,000
5.08%
MLS
5/13/2025
Listed
$1,299,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
2640 N Burling Street, Chicago, IL 60614 (MLS# 12363634) is a Multi-Family property that was sold at $1,365,000 on June 23, 2025. Want to learn more about 2640 N Burling Street? Do you have questions about finding other Multi-Family 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.

