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2646 N Orchard Street, Chicago, IL 60614
$1,750,000
2646 N Orchard Street, Chicago, IL 60614View this property at 2646 N Orchard Street, Chicago, IL 60614
2646 N Orchard StreetChicagoIL60614
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Property Description
Seize this rare (assumable debt @ 4.20%) investment opportunity for this 6-unit situated in the heart of Lincoln Park on the coveted Orchard Street. This 6-unit multifamily building presents an exceptional value-add opportunity for savvy investors. Occupying an oversized lot, the full masonry building showcases a blend of timeless elegance and functional modernity with outdoor spaces for each unit, in-unit laundry, and hardwood floors throughout. The diverse mix of apartments includes three spacious 3-bedroom, 1-bathroom units and three 1-bedroom, 1-bathroom units, making it an attractive portfolio addition for capturing varied tenant demographics. Don't miss out on this unique offering in one of Chicago's most sought-after streets in Lincoln Park.
Full Property Details
Full Property Details for 2646 N Orchard St
General
- Sold For: $1,750,000
- Taxes: $36,292 (2021)
- Status: Closed
- Type: Commercial
- MLS ID: 11880413
- Added to Site: 236 day(s) ago
Location
- Area: CHI - Lincoln Park
- County: Cook
- Driving Directions: Fullerton to Orchard, Take one-way North to Building
Heating & Cooling
- Cooling Type: Central Air Conditioning, Central Individual
- Heating Type: Forced Air, Gas
Structural Information
- Stories/Levels: 3
- Year Built: 1930
- Built Before 1978: Yes
Unit Information
- # Dryers: 6
Lot Features
- Lot Dimensions: 25 x 145
- Zoning: MULTI
Financial Considerations
- Operating Expenses: $70,399
- Assessment Year: 1930
- Tax Amount: $36,292
- Tax Year: 2021
- Tenant Pays: Air Conditioning, Electricity, Heat
Disclosures and Reports
- Property ID: 14283030460000
Listed by Compass
Sold by Chicago Real Estate Resources
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Schools
Schools serving 2646 N Orchard St
School District:Chicago Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
2625 N Orchard St, Chicago, IL 60614 | PK-8 | 0.1 mi | |
2001 N Orchard St, Chicago, IL 60614 | 9-12 | 0.8 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2646 N Orchard St
Date
Details
Price
Change
Source
11/22/2023
Sold
$1,750,000
-10.26%
MLS
9/08/2023
Listed
$1,950,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
2646 N Orchard Street, Chicago, IL 60614 (MLS# 11880413) is a Commercial property that was sold at $1,750,000 on November 22, 2023. Want to learn more about 2646 N Orchard 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.