Chicago, IL 60614 2640 N BURLING Street

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Presented By: @properties Christie's International Real Estate
  • MLS# 12363634
  • 05/13/2025
  • Request Tour
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  • Beds • 8
  • Baths • 4
  • Garage • 2

Home Details

Attractive and solid 3-unit INVESTMENT property on historically charming Burling Street in Lincoln Park, a walker's paradise close to shopping, transit, schools, and the lake. Fully rented building has received many improvements and has respectful long-term tenants who take care of the property. Tenants pay all utilities; all units have HVAC systems that are serviced annually; most have been replaced within past 8 years. First floor duplex has four bedrooms and 2 baths. Second floor 2-bedroom unit has huge living room, dining room and kitchen, many windows and tons of character. Top floor has two bedrooms, a large open kitchen and in-unit laundry. Dedicated washers & dryers for units one and two are in the basement. Building and garage roof and gutters replaced in 2020. Many windows and appliances have been replaced. Kitchen and bath remodels on 1st and 2nd floor are among the many improvements. 2-car garage onsite brings in additional income. Comparable properties in the area are getting 20% higher rents. Depaul Campus, Red and Brown Line trains, Trader Joe's, Lincoln Park and Oz Park are all a short walk! Full list of improvements, rent roll and pro forma are available at showing.
Presented By: @properties Christie's International Real Estate

Interior Features for 2640 N BURLING Street

Bedrooms

Bedrooms Possible8
Total Bedrooms8

Bathrooms

Full Baths Building4
Half Baths Building
Total Baths4

Other Interior Features

BasementFinished, Full
Total Number of Units3

General for 2640 N BURLING Street

CityChicago
Construction MaterialsFrame
ContingencyAttorney/Inspection
CountyCook
DirectionsBURLING IS ONE-WAY SOUTH FROM SCHUBERT BETWEEN CLARK AND HALSTED.
Elementary SchoolAlcott Elementary School
Elementary School District299
Garage Spaces2
Gross Income85080
HeatingNatural Gas, Forced Air
High SchoolLincoln Park High School
High School District299
MLS AreaCHI - Lincoln Park
Middle/Junior High SchoolAlcott Elementary School
Middle/Junior School District299
ModificationTimestamp2025-05-22T15:16:03.620Z
Net Operating Income62815
New ConstructionNo
OwnershipFee Simple
PossessionClosing
Property TypeResidential Income
Property TypeTwo to Four Units
SewerPublic Sewer, Storm Sewer
Standard StatusActive Under Contract
StatusContingent
Tax Annual Amount16615.29
Tax Year2023
Total Rooms16
TownshipLake View
Virtual TourClick here
Year Built1880
ZoningMULTI

Exterior for 2640 N BURLING Street

Lot Dimensions25 X 105
Parking FeaturesGarage Door Opener, On Site, Garage Owned, Detached, Garage
Total Parking2
Water SourceLake Michigan, Public
Waterfront Y/NNo

Additional Details

Price History

Schools

High School Lincoln Park High School
Middle School Alcott Elementary School

Client Care

Price $1,299,000
MLS#12363634
List Date 05/13/2025
Property Type Contingent
Phone 847.485.2500
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