2544 N Burling Street

Chicago, IL 60614

After 40 years, this exceptional 6-unit Greystone is available on one of the most coveted streets in Lincoln Park. With an impressive 6.39 cap rate and 218K+ in total rent (with upside potential), this fully leased building is a fantastic investment opportunity. Long-term, qualified tenants are in place with annual leases, and historically, the building has stayed fully occupied. Perfect for an owner-occupant or as an armchair investment, the property offers a stunning top-floor 4-bedroom, 2-bath unit with soaring ceilings and an abundance of natural light. The building also features one 2-bedroom unit, three 1-bedroom units, and a spacious 3-bedroom, 2.5-bath lower-level unit. Enjoy multiple outdoor spaces, central heating and air (with the exception of one unit), and in-unit laundry in the larger units, with common laundry for the others. Additional storage is available within the building, and there's a 2-car garage with a rooftop deck in the rear. Located in one of Chicago's finest neighborhoods, this property is just a short walk to Lake Michigan, the Fullerton public transportation stop, top-tier restaurants, shopping, and vibrant nightlife. With R4 zoning, this building is in excellent condition and is sold as-is. For more details, including a list of improvements and the rent roll, please refer to the additional documents.

Listing Courtesy of MRED as distributed by MLS Grid of Berkshire Hathaway HomeServices Chicago



Based on information submitted to the MLS GRID as of 2025-04-05 05:26 AM UTC. 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.
Last checked: 2025-04-05 05:26 AM UTC
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