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64 E Cedar St

Chicago IL 60611

0.06 ac.
Land
Currently for sale - view listing

Overview

Incredibly rare opportunity to own a stunning & classic Chicago building designed by the renowned John Wellborn Root in 1884 located on one of the loveliest and most desirable blocks in the city. Legal 6 unit. This south facing mansion (The George L Healy House) is an extra-wide 25 feet across that was converted to 6 units decades ago. The property now provides a unique development opportunity for a stunning owner occupied multi-unit, an investor looking for huge returns on AirBnB/Short term rentals, a portfolio builder looking for a blue chip downtown rental property, a luxury condo conversion, or de-convert back to the stunning original mansion. Perfect access to offer each unit outdoor space as well as room for unit expansion. Current set-up includes 1 lower level studio, 1 lower level raw space w/ bath, two first floor one bedroom units and two upper floors that have been gutted and feature over 1200 sf each with nearly 12 foot ceilings. Ideal layouts could include: Top floor duplex with 4 simplexes below | Two full floor units (see proposed plans in photos) with 4 simplexes | 4 duplex units (top two floors would be a front and back unit duplex with 1st floor and garden connected). See photos and attached floor plans for more details. ONLY vetted Serious buyers will be provided showings.

Features

0.06 ac. lot size
Land

Property history for 64 E Cedar St

2019
Sold
$1,500,000
17 Jun 2019

Happy sellers in Chicago

87%
87% of sellers in Chicago reported that their sale price either exceeded or met their price expectations.

Chicago stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

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Local market activity for land plots in Chicago

In the last 12 months, 44 land plots similar to 64 E Cedar St, have been sold.

This represents a 26% increase in land plots sales when compared to the previous 12 months.

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