Chicago IL 60610 MLS #MRD12556436

Incredible Investment & Development Opportunity in the Heart of Old Town! Maximize your portfolio with this rare multi-unit property and double-lot package in one of Chicago’s premier, high-demand neighborhoods. This turnkey investment features a beautifully and recently renovated, all-brick 4-flat paired with two adjacent lots, delivering immediate strong cash flow alongside massive future development potential. The Building: Fully Leased & Turn key-Condo-Quality Units: Four pristine, high-end apartments generating $16,000 in monthly rental income. Layout Distribution: Three spacious 2-bedroom, 2-bathroom units, and one expansive 5-bedroom, 5-bathroom ground-level unit (currently optimized as premium office space). Total Capacity: 11 bedrooms and 11 bathrooms across the entire building. Modern Upgrades: Complete peace of mind with newer electrical, plumbing, HVAC systems, and dedicated laundry facilities. The Land & Parking: Unmatched Added Value Double Lot Included: The purchase price includes two adjacent parcels, each measuring approximately 25′ x 102′. Premium Parking Income: Currently configured as a private parking lot equipped with 12 parking spaces and 2 EV charging stations. Development Upside: Exceptional raw land footprint perfect for future expansion, a luxury single-family home, or a new multi-family development project in a historic, land-scarce location. Whether you choose to collect premium rents from the fully occupied building and parking lot, or break ground on a luxury development, this Old Town package offers an unmatched combination of stability and upside.