57 E Cedar StreetChicago, IL 60611

Description

Rare Airbnb opportunity in Chicago's Historic Gold Coast! This exceptional brownstone offers a unique investment opportunity in one of Chicago's most sought-after neighborhoods. Located within the vibrant Gold Coast Historic District, the property features three well-appointed residential units: one spacious 2-bedroom, 2-bath residence and two 1-bedroom, 1-bath units. The business vacation rental license transfers to the new owner, providing an outstanding opportunity for short-term rental income. A rare combination of income producing property, historic charm and prime location! Close proximity to an abundance of restaurants & shopping, Magnificent Mile, Lake Michigan, Oak Street Beach, North Ave Beach, public transportation including bus routes and the EL. One small on site parking spot included. Option for new owner to apply for federal and state tax incentives through historic tax credit programs. This property is occupied throughout most of the year and monthly income varies depending on the time of year.

Property Information

Property type

Residential Income

Sub-type

Multi Family

Style

Brownstone

Year built

1891

Lot dimensions

18X73

Parking spaces

1

Ownership

Fee Simple

Zoning

MULTI

Days on market

40

MLS^® Listing#

12735025

Property Features

Heating

Natural Gas

Basement

Finished · Full

Parking

Alley Access

Patio

Deck

Construction

Brick · Stone

Community

Curbs · Gated · Sidewalks · Street Lights

Sewer

Public Sewer

Schools

Elementary

Ogden International

Middle

Ogden International

Financial Details

Annual taxes

$32,601Tax year 2025

Parcel number

17032020661004

Directions

Lake Shore Drive to Cedar, West to property or State Street to Cedar, East to property.