2640 N BURLING Street
Chicago, IL, 60614
$1,299,000
8 Beds
4 Baths
0 SqFt
0 Acres
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$1,299,000
2640 N BURLING Street
Chicago, IL, 60614
MLS #MRD12363634 img 0MLS #MRD12363634 img 1MLS #MRD12363634 img 2MLS #MRD12363634 img 3MLS #MRD12363634 img 4MLS #MRD12363634 img 5MLS #MRD12363634 img 6MLS #MRD12363634 img 7MLS #MRD12363634 img 8MLS #MRD12363634 img 9MLS #MRD12363634 img 10MLS #MRD12363634 img 11MLS #MRD12363634 img 12MLS #MRD12363634 img 13MLS #MRD12363634 img 14MLS #MRD12363634 img 15MLS #MRD12363634 img 16MLS #MRD12363634 img 17MLS #MRD12363634 img 18MLS #MRD12363634 img 19MLS #MRD12363634 img 20MLS #MRD12363634 img 21MLS #MRD12363634 img 22MLS #MRD12363634 img 23MLS #MRD12363634 img 24MLS #MRD12363634 img 25MLS #MRD12363634 img 26MLS #MRD12363634 img 27MLS #MRD12363634 img 28MLS #MRD12363634 img 29MLS #MRD12363634 img 30MLS #MRD12363634 img 31MLS #MRD12363634 img 32MLS #MRD12363634 img 33MLS #MRD12363634 img 34
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.

Property Details

Price:
$1,299,000
MLS #:
MRD12363634
Status:
Active
Beds:
8
Baths:
4
Address:
2640 N BURLING Street
Type:
Multi Family
Neighborhood:
CHI – Lincoln Park
City:
Chicago
Listed Date:
May 13, 2025
State:
IL
ZIP:
60614
Year Built:
1880

Schools

School District:
299
Elementary School:
Alcott Elementary School
Middle School:
Alcott Elementary School
High School:
Lincoln Park High School

Interior

Heating
Natural Gas, Forced Air

Exterior

Construction Materials
Frame
Parking Features
Garage Door Opener, On Site, Garage Owned, Detached, Garage
Parking Spots
2

Financial

Net Operating Income
$62,815
Tax Year
2023
Taxes
$16,615
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Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.

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2640 N BURLING Street
Chicago, IL