Chicago, IL 60611 64 E Cedar Street
$3,385,000



15 more
















Presented By: Essex 312, LLC
Home Details
64 E. Cedar St., a rare boutique multi-family investment opportunity in the heart of Chicago's prestigious Gold Coast. Situated on East Cedar Street-uniquely equidistant to Oak Street Beach, Rush Street Restaurant Row, Mariano Park, and the Oak Street Luxury District-this distinctive walk-up offers an investor the opportunity to own in a market where properties rarely become available. Properties on Cedar Street, Bellevue Place and Elm Street are considered among the most coveted in the Gold Coast sub market. The units, which boast tall ceilings, have a unit mix consisting of: Two (2) 1 Bed/1 Bath units, One (1) 1 Bed/1.5 Bath unit, One (1) 2 Bed/2 Bath unit, and Two (2) 3 Bed/3 Bath units (one of which is a Penthouse with private rooftop deck). Further, the Two (2) 3 Bed/3 Bath units are currently leased to Hubbard, a corporate housing and short-term rental company, under corporate-guaranteed leases with automatic annual rent and RUBS escalations. Positioned on the north side of Cedar Street, this property is nestled in the heart of the Gold Coast, surrounded by some of Chicago's most iconic dining establishments, including Tavern on Rush, Gibson's Steakhouse, Lou Malnati's, Maple & Ash, Carmine's, LUXBAR, and Adalina. Additionally, the building is just steps from Chicago's Magnificent Mile, Lake Shore Drive, and Oak Street Beach, providing unparalleled access to world-class shopping, dining, entertainment, and the vibrant energy that defines this sought-after neighborhood. This is a rare opportunity to own a premier property in one of Chicago's most desirable locations.
Presented By: Essex 312, LLC
Interior Features for 64 E Cedar Street
Other Rooms
General for 64 E Cedar Street
Additional Parcels Y/NNo
Cap Rate6.21
CityChicago
ContingencyAttorney/Inspection
CountyCook
DirectionsSouth of Division Street, East of State Street
Electric Expense300
Fuel Expense
Gross Income287607
Insurance Expense4500
MLS AreaCHI - Near North Side
MaintenanceExpense2400
ModificationTimestamp2025-05-21T20:18:01.605Z
Net Operating Income210230
Number Of Units Total6
Operating Expense68749
Property TypeCommercial Sale
Property TypeMulti Family 5+
Standard StatusActive Under Contract
StatusContingent
Stories3
Tax Annual Amount38948
Tax Year2023
Trash Expense3000
Water Sewer Expense2700
Year Built1904
Exterior for 64 E Cedar Street
Lot Dimensions2750 SF
Additional Details
Price History
