Listings for Ed Jelinek

r=11-15
1875 North Howe Chicago IL 60614

Chicago, IL1875 North Howe Street

Price$2,000,000

Est. Mortgage: $/month

MLS Number 11330855

  • Land
  • Area Lincoln Park

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.

Listed by Ed Jelinek of @properties

$
$
%
$/month over payments
Federal 30-year interest rate: 5.81% last updated on Jun 23, 2022
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

Save FavoriteSchedule TourAsk A QuestionMore Details

Based on information submitted to MRED  as of June 25, 2022 . All data is obtained from various sources and has not been, and will not be, verified by broker or MRED.   All information should be independently reviewed and verified for accuracy.  Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.