3218 N Halsted St
Chicago, IL 60657
Lakeview Deconversion with Additional Land · Multifamily Property For Sale · 10 Units

33 is pleased to announce the opportunity to acquire this 10 unit condo walk up building in the heart of the Lakeview neighborhood in Chicago's North Side. The property is in an excellent location being steps from endless shopping, restaurants, entertainment, and easy access to the "L." This vintage walk up is in great shape, having been converted to condos in 1994, while most units were upgraded in the last couple of years. A purchaser has the opportunity to purchase the 10 units and dissolve the condo association, thus running as an apartment deal and lowering expenses. Recent building upgrades: - Several updated kitchens with granite counters and stainless appliances - Several newer bathrooms - Installed HVAC with forced heat and central AC -Installed Washer and dryer in all units - Hardwood floors - Newer back decks & stairs (brought to code in 2016) - Repaved parking lot (12 exterior spots) - Replacement of windows (expect for #2S) in 2006 - New roof in 2011 This is an excellent opportunity to own a 10 unit property in an A+ location. In addition to bringing the units to market rents, a new owner can also duplex or add garden apartments under the rear first floor apartments, upgrade a few kitchens & baths, and/or up zone to take advantage of additional FAR & TOD bonuses. There is an opportunity to build more units off of the existing structure or build an additional building in the parking lot. Very few 10+ unit apartment buildings hit the market in the heart of Lakeview.