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  • Price$1,750,000
  • Beds8
  • Built1883

2016 North Bissell Street, Chicago

$148,200 IN YEARLY INCOME FROM THIS ABSOLUTELY TURNKEY LEGAL 4-UNIT BUILDING IN AN UNBEATABLE LINCOLN PARK LOCATION! Sitting on a rarely available 53-foot wide lot with 7-car parking this property has been lovingly cared for by its live-in owner of over 20 years and has no deferred maintenance. It's truly turnkey with recent improvements including all new HVAC systems with Nest thermostats (2020/21), modern copper and PVC plumbing, modern electric, new roof (2019), 4-pane sound proof aluminum windows, new solar powered, remote controlled Velux skylights, 42" solid cherry wood kitchen cabinetry, quartz countertops, in-unit laundry and dishwashers in all 4 apartments. All units are individually metered (all tenants pay their own utilities) and all have unobstructed south light and open views. Rents are below market value and could be higher as well. Current owner has never had a vacancy in 22 years of ownership. On-site parking for 7+ cars on adjacent (buildable) 33 by 75 ft lot (included in the price). Located on a quiet tree-lined street with multi-million dollar homes, this property offers an unparalleled A+ location between two of Lincoln Park's most sought after neighborhoods, Sheffield Neighbors and Ranch Triangle. It's also in the highly desirable Oscar Mayer School/Lincoln Park High School District with easy access to downtown, the lakefront and expressways. A plethora of world class shopping and restaurants are right outside its door with easy access to the Brown and Purple Lines at the Armitage "L" stop and just 4 blocks to access the Red Line at Fullerton Station. It is also close to DePaul University and Oz Park with its 13 acres of green space, outdoor amphitheater, tennis courts, baseball field, meditation garden and community playground. This is the perfect opportunity for the owner-occupied buyer or investor looking to invest and hold in one of Chicago's fastest appreciating neighborhoods.

Essential Information

  • MLS® #11430717
  • Price$1,750,000
  • Bedrooms8
  • Bathrooms4.00
  • Acres0.00
  • Year Built1883
  • TypeResidential Income
  • Sub-TypeTwo to Four Units
  • StyleGreystone
  • StatusContingent
  • Taxes$28,546

Amenities

  • Parking Spaces7
  • ParkingAssigned

Exterior

  • ExteriorBrick,Limestone
  • Exterior FeaturesPatio
  • Lot DescriptionOutdoor Lighting, Sidewalks, Streetlights

Additional Information

  • Days on Market68
  • ZoningMULTI

Community Information

  • Address2016 North Bissell Street
  • AreaCHI - Lincoln Park
  • CityChicago
  • CountyCook
  • StateIL
  • Zip Code60614

Interior

  • HeatingNatural Gas, Forced Air

School Information

  • District299
  • ElementaryOscar Mayer Elementary School
  • MiddleOscar Mayer Elementary School
  • HighLincoln Park High School

Listing Details

  • Listing OfficeBaird & Warner

Price Change History for 2016 North Bissell Street, Chicago, IL (MLS® #11430717)

Date Details Price Change
Contingent
Active (from New)
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Listing information last updated on August 15th, 2022 at 7:08pm CDT.