Sold
1875 N Howe Street
Chicago IL, 60614
$2,000,000
Sold
Land
Courtesy of @properties Christie's International Real Estate
The opportunity you have been waiting for... Now is your chance to build your dream home on one of the most sought-after streets and blocks in the entire city. Approximate 25 x 124.5 lot with prime RM 4.5 zoning allows for a substantial home to fit in with the surrounding neighbors. Not many opportunities on these preferred blocks happen. Property is being sold for the lot, but currently the lot has a classic tall Chicago red-brick vintage building with 6 condo units (all 1 bedroom/1 bathroom units in front & back with individual furnaces & central air and all in great condition) that could be rented out while awaiting designs and permits or simply held on to for the investment. In the back is a parking pad with three spaces that allow for tandem car parking (total of 6 cars). Currently 4 of the units are rented, 1 is vacant, and 1 is used for Airbnb with an approximate income (assuming rent for vacant unit & average Airbnb income) of about $12,500/mth or about $150,000 annually. What a rare opportunity in an area that is amongst the most desirable the city offers.
11330855
MLSⓇ ID
February 23, 2022
Listed
March 28, 2024
Updated
Map
1875 N Howe Street
Chicago IL, 60614
Exterior/Building Features
School Information
School District
299
High School
Lincoln Park High School
Elementary School
Lincoln Elementary School
Other Property Details
Area Name
CHI - Lincoln Park
Taxes
$37,780
Tax Frequency
Annually
Days on Market
10
Garage
No
Parking Total
0
View
No
County
Cook
Municipality
Lake View
Pool
No
Buyer Agency Compensation
2.5%-$395
Courtesy of @properties Christie's International Real Estate, Edward Jelinek,
Listing Contact: 773-230-0083
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Data last updated 3:58 AM UTC, 3/28/2024