2422 North Orchard Street

Chicago, IL 60614

$3,350,000
Price
16
Beds
8
Baths
7,000 Sq. Ft.
$479 / Sq. Ft.
7,000
Sq. Ft.
$479
per Sq. Ft.

Description

Trophy Property in East Lincoln Park! Discover this remarkable 4-unit landmarked building in the heart of East Lincoln Park. Completely renovated in 2018, this property features contemporary finishes and well-designed layouts that maintain high tenant demand. Nestled on a picturesque one-way street, this location offers unparalleled accessibility with a short 8 min walk to the Fullerton CTA Station, DePaul University, and Whole Foods, and convenient access to the lakefront jogging and biking paths....Trophy Property in East Lincoln Park! Discover this remarkable 4-unit landmarked building in the heart of East Lincoln Park. Completely renovated in 2018, this property features contemporary finishes and well-designed layouts that maintain high tenant demand. Nestled on a picturesque one-way street, this location offers unparalleled accessibility with a short 8 min walk to the Fullerton CTA Station, DePaul University, and Whole Foods, and convenient access to the lakefront jogging and biking paths. Each spacious unit spans nearly 1,800 square feet and offers 4 bedrooms and 2 full bathrooms. The gourmet kitchens are outfitted with Bosch appliances, and condo-quality bathrooms feature walk-in showers, while custom solar shade window treatments enhance both privacy and energy efficiency. With generous room sizes, these units are perfect for roommates, ensuring ample living space. This is a turn-key investment opportunity with like-new mechanicals, roofing, and plumbing, ensuring low maintenance for the foreseeable future. The property provides the convenience of in-unit laundry and includes 3 exterior parking spaces and a fully fenced outdoor area for residents. A keyed elevator provides direct access to each unit for an exclusive living experience. Additional features include bike racks and rear decks for tenant enjoyment. Whether you're looking to expand your investment portfolio or owner-occupy, this is a prime opportunity in a highly sought-after location. Please contact us for more information, including the rent roll and expense statement
  1. Listed by Brent Hall • Jameson Sotheby's Intl Realty
  2. Listed by Chris Gomes • Jameson Sotheby's International Realty

Property Details for 2422 North Orchard Street

Area
CHI - Lincoln Park
Township
North Chicago
Ownership
Fee Simple
Num Of Parking Spaces
3.0
Parking Included in Price
Yes
Heat/Fuel
Natural Gas
LISTING UPDATED: 09/21/2024 02:01 PM

Property Details for 2422 North Orchard Street

StatusActive
MLS #12137469
Days on Market52
Taxes$29,264 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 4 Flat
Year Built-
Lot Size0.09 AC / 4,010 SF
CountyCook County

Building Information for 2422 North Orchard Street

Stories-Residences4Year Built-Building Size-Lot Size0.09 AC / 4,010 SF

Property Information for 2422 North Orchard Street

General Information
School Information
  • Elementary School District: 299
  • Elementary School: Alcott Elementary School
  • High School District: 299
  • High School: Lincoln Park High School
  • Middle Or Junior School District: 299
Addtl Parking Information
  • Parking: Space/s
  • Parking Details: Assigned Spaces, Off Alley
  • Parking On Site: true
  • Parking Ownership: Owned
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Num Of Rooms: 24
  • Bedrooms (Below Grade): 0
  • Bath Amenities: Separate Shower,No Tub
  • Basement Type: None
  • Bedrooms Possible: 16
  • Basement Description: None
  • Basement Bathrooms: No
  • # Full Baths in Building: 8
  • # Half Baths in Building: 0
  • Num of Baths: 8.0
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Lake Michigan
Property/Lot Information
  • Exterior Property Features: Balcony, Deck
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: Yes
  • Rehab Year: 2018
  • Built Before 1978: Yes
  • Age: 100+ Years
  • Lot Description: Landscaped Professionally
  • Lot Size: Oversized Chicago Lot
  • Lot Dimensions: 4010
  • Total # Units in Building: 4.0
  • Waterfront: No
  • Exterior Building Type: Brick
  • Roof Type: Rubber
  • General Information: Historical District
  • North Coordinate: 2422
  • South Coordinate: 0
  • East Coordinate: 0
  • West Coordinate: 700
  • 3 Br Un In Bldg: Yes
Property and Assessments
  • Public Document Count: 1
  • Document Date: 2024-08-13T20:33:46
  • Photos Count: 15
  • OpenHouse Count: 0
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Income & Expenses
  • Electric Expense: $2,941.00
  • Fuel Expense: $2,960.00
  • Gross Income: $270,600.00
  • Insurance Expense: $3,022.00
  • Electric Expense Source: Actual
  • Fuel Expense Source: Actual
  • Insurance Expense Source: Actual
  • Other Addl Income: Parking Space/s,Other
  • Trash Expense Source: Actual
  • Water Expense Source: Actual
  • Net Operating Income: $209,100.00
  • Trash Expense: $714.00
  • Water Sewer Expense: $2,781.00
Unit 1
  • Unit Type Actual Rent: $4,850.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 4
  • Unit Type Type: Unit 1
  • Lease Expiration Date: 07/25
Unit 2
  • Unit Type Actual Rent: $5,850.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 4
  • Unit Type Type: Unit 2
  • Lease Expiration Date: 07/25
Unit 3
  • Unit Type Actual Rent: $5,500.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 4
  • Unit Type Type: Unit 3
  • Lease Expiration Date: 06/25
Unit 4
  • Unit Type Actual Rent: $5,300.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 4
  • Unit Type Type: Unit 4
  • Lease Expiration Date: 06/25

Property History for 2422 North Orchard Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2422 North Orchard Street

Taxable ValueLand$29,008Additions$109,690Total$138,698
Tax Record2022$28,528 ($2,377 / month)
Home Facts
StyleMulti-Family Res (5+ Units)CountyCOOKAPN14-28-312-092

Schools near 2422 North Orchard Street

This home is within City Of Chicago School District 299.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - PK to 8
Public - K to 8
Rating
School
Distance
Alcott College Prep
PublicPK to 8

Lincoln Park High School
Public9 to 12

Lasalle Elementary Language Academy
PublicK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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2422 North Orchard Street is a multi-family home for sale in Chicago, IL 60614. This property was listed for sale on August 13, 2024 by Jameson Sotheby's Intl Realty, it's currently listed at $3,350,000. This listing's school district is City Of Chicago School District 299. Nearby schools include Alcott College Prep, Lincoln Park High School and Newberry Elementary Math & Science Academy. 2422 North Orchard Street is a 16-bed, 8-bath, 7,000 sqft multi-family home.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Jameson Sotheby's Intl Realty; Jameson Sotheby's International Realty

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 09/21/2024 02:01 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.