1556 North Lasalle Street, Chicago, IL


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About 1556 North Lasalle Street

CASH COW!!! THERE IS A $6,200 / PER MONTH SIGN ADVERTISEMENT ON THE SIDE OF THE BUILDING THAT HAS A LONG TERM LEASE!!!!! 1 Billboard, 1 Commercial unit, 3 Residential units that were gut rehabbed in 2023! Furthermore, the Penthouse unit has the City approved short-term rental license. You can legally rent out the Penthouse as an Airbnb! This property is a cash cow and can generate approximately $300,000 in annual revenue. Building comes fully furnished/turn key for furnished short-term rentals. GREAT INVESTMENT! 19%+ cash on cash return, 10% = cap rate. The subject property is comprised of a +/- 2,500 SF land site improved with a +/- 6,300 SF 2.5-story, brick, mixed-use (commercial and residential) building in the Old Town neighborhood of Chicago. The ground/garden level of the subject is comprised of a rented commercial storefront unit totaling approximately 2,000 SF. The 2nd floor is comprised of 2 MTM furnished rentals. Each unit is a 2 bed unit. The top floor consists of a single, large residential apartment unit that spans the entire floor and measures approximately 2,000 SF. This unit is legally licensed as an Airbnb. The site is zoned B3-5, Community Shopping District.

Features of 1556 North Lasalle Street

MLS® # 11727949
Price $2,649,999
Units 4
Bedrooms 5
Bathrooms 7.00
Year Built 1906
Type Residential Income
Sub-Type Two to Four Units
Status Active
Multi-Family No

Community Information

Address 1556 North Lasalle Street
Area CHI - Near North Side
City Chicago
County Cook
State IL
Zip Code 60610


Heating Forced Air
Fireplace No
Has Basement Yes
Basement None


Exterior Brick

School Information

District 299

Additional Information

Days on Market 275
Zoning COMMR
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeTBFS Investments LLC-Realty

Listing Map

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