Est. Mortgage: $/month
MLS Number 11443449
- MultiFamily Residential Income
- Bedrooms 21
- Bathroom 11
- Year Built 1910
Solid Cap Rate Investment Property, Owner/Occupier with rentals, Corporate Lease, AirBNB, and/or Commercial-Use Opportunity! ENTIRE BUILDING IS AVAILABLE FOR IMMEDIATE OCCUPANCY (ready to lease!) FOR MAXIMUM FLEXIBILITY AND TO MAXIMIZE RENTS. All offers encouraged. Prairie-style, grand-scale living with flexibility as a ~15,000SF MANSION with 21 BRs and 11 BTHs OR choose to occupy/rent as FOUR LEGAL apartments, with 3 huge, FULL-FLOOR, 6BR/3BTH, 13-room, 3,900SF apartments, plus a fourth 3BR/2BTH, 2,000SF English-garden unit (see floor plans in listing). Double-lot Prairie-style home/apartment building in sought-after East-of-Broadway Lakeview East neighborhood on a quiet, tree-lined street, a brief walk to Lake Michigan, Lincoln Park and Diversey Harbor. Each floor has a Prairie Style fireplace (including the English Garden level which has 8.5' high ceilings). Owner-occupied for 20+ years, first time on the open market in over a half century. Significantly renovated to provide the perfect balance of modern convenience and historic elegance, allowing maximum opportunities for a purchaser to occupy from one to all four floors. Blending a unique combination of Arts and Crafts, Art Nouveau and Prairie Style interior architectural details, the imposing facade displays both Flemish and English-bond brickwork and ornate ironwork at the main door and ground-floor fenestration. Bright sunrooms with windows on three sides overlook Surf Street and local architecturally significant skyline. Existing RM 6.5 Zoning District (Chicago's highest residential multi-unit zoning which may allow additional units) also potentially allows several additional uses, including Bed and Breakfast, Educational and Cultural Institutions, Day Care, Health Care and Religious uses. Each floor currently lives like a single-family home that can be easily combined as desired into a larger living space using the existing broad stairway. Large formal living rooms with abundant windows, 11' high ceilings, original built-in bookshelves, stained-glass, and deep crown molding. Welcome guests to the gracious dining room with built-in china cabinets and unique arched ceiling. Large, eat-in kitchens plus breakfast rooms/serving kitchens with walk-in pantries with in-unit laundry, and private exterior porches for barbequing. Other features include formal entrance foyers and wide, spacious 24-foot-long hallways that serve as great art gallery spaces. Many of the formal rooms are separable by Art Nouveau French and pocket doors. Opportunity for an expansive private roof deck and potential 5th 3BR/2BTH unit at garden level. Stands separate from surrounding buildings for natural light and breezes from all 4 facades. New marble/granite bathrooms, frameless shower doors, refinished oak and maple hardwood floors, and separate fuse boxes and washer dryer hook-ups on each floor. Of the 21 total bedrooms, 14 are KING-SIZE, dual-window bedrooms, 12 with walk-in closets. Low-maintenance landscape with outdoor garden seating area and large, gated on-site parking area (5+ spaces tandem). Steps from Sheridan Road express bus lines to Michigan Avenue and LaSalle St. downtown. Short walk to golf driving range, power- and sail-boat harbors, Lincoln Park Zoo, Trader Joe's, Mariano's, Landmark's Century Centre Cinema, health care, restaurants, dry cleaners and other amenities. Historic tax incentives potentially available as significantly located in both a National & Chicago landmark district. Designed by renowned architect Samuel Crowen in 1910, the building served as the Greek Consulate and residence of the Consul General during the 1950-70's. A coveted rental with known strong 30-year leasing history. Managing Broker-owned.
Listed by Cassandra Francis of Cassandra J. Francis