1556 North La Salle Drive Chicago, IL
$ 2,700,000
Property Attributes
  • MLS#10624312
  • TypeMulti-Family
  • CountyCOOK
  • CityChicago
  • AreaCHI - Near North Side
  • NeighborhoodOld Town
  • Zip60610
  • Style
  • Year Built1906
  • Taxes31061
  • Price$ 2,700,000
  • Bedrooms5
  • Full Bathrooms4
  • Half Bathrooms3
Listing Provided Courtesy Of:
Worth Clark Realty
Property Description

CASH COW!!! THERE IS A $6,000 / PER MONTH SIGN ADVERTISEMENT ON THE SIDE OF THE BUILDING THAT HAS A NEW LONG TERM LEASE!!!!! This property is a cash cow and can generate approximately $382,000 in annual revenue if the residential units are converted to Airbnb or short-term rentals. Please ask listing agent for the forecasted financial statements. GREAT INVESTMENT! 15% cash on cash return, 10%+ = cap rate. Listing Agent specializes in Airbnb / short-term rentals in the City of Chicago. Just ask for more information. The subject property is comprised of a +/- 2,500 SF land site improved with a +/- 6,300 SF 2.5-story, brick, mixed-use (commercial and residential) building in the Old Town neighborhood of Chicago. The ground/garden level of the subject is comprised of a rented commercial storefront unit totaling approximately 2,000 SF. The first floor is built out for an office unit in the front and residential apartment unit in the rear, with each unit averaging approximately 1,000 SF. The top floor consists of a single, large residential apartment unit that spans the entire floor and measures approximately 2,000 SF. The site is zoned B3-5, Community Shopping District.

Price History
1/31/2020 Listed $2,700,000

General Features

Age 100+ Years
Built Before 1978 Yes
Directions LaSalle St. north to North Ave. Property located just off the southwest corner of the intersection.
District Elementary School 299
District High School 299
District Middle/Junior School 299
Ownership Fee Simple
Rehab Yes
Sewer Sewer-Public
Status Active
Tax Year 2018
Taxes 31061.42
Type-Multi 3 Flat
Waterfront No
Year Built 1906
Zoning COMMR

Interior Features

# Half Baths-unit 1 1
# Half Baths-unit 3 1
# Half Baths-unit 4 1
Appliances/features Unit 1 Stove, Refrigerator, Washer, Dryer, Central Air Conditioner
Appliances/features Unit 2 Stove, Refrigerator, Dishwasher, Microwave, Central Air Conditioner
Appliances/features Unit 3 Stove, Refrigerator, Dishwasher, Central Air Conditioner
Appliances/features Unit 4 Stove, Refrigerator, Dishwasher, Microwave, Central Air Conditioner
Basement None
Basement Description None
Corporate Limits Chicago
Floor # - Unit 3 1
Full Baths 4
Half Baths 3
Heater Fuel Type Forced Air
Prop Type Two to Four Units
Total Rooms 17
Unit Type 2 Rooms 3
Unit Type 3 Rooms 4

Exterior Features

Modificationtimestamp 2020-02-06T06:05:36
Lot Dimensions 2500
Lot Size Area Less Than .25 Acre
Photo Date 2020-01-31T22:51:32
Water Source Public

Room Details

Room Dimensions Level Flooring Details
Dining Room
Family Room
Living Room
Master Bedroom


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 60610

AVG $2.08M
AVG $19,677
AVG 224
Year Built
AVG 1926
AVG 93
Data Provided by Walkscore ® not using MLS data