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Listed by Daniel Spitzof eXp Realty
$ 2,300,000
Est. payment | /mo
10 Beds
$ 2,300,000
Est. payment | /mo
10 Beds
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID 12759710
Bedrooms 10
Year Built 1894
Annual Tax Amount $38,503
Tax Year 2024
Lot Dimensions 2100
Property Sub-Type Two to Four Units
Property Description
Exceptional opportunity to own a stately legal three-flat greystone on one of East Lincoln Park's most desirable tree-lined streets. Offering approximately 6,400 square feet of living space, 427 W St. James Place combines timeless Chicago architecture, impressive scale, two garage parking spaces, and remarkable flexibility just steps from Lincoln Park and the lakefront. Rich in architectural character, the residence features soaring ceilings, original millwork, generously proportioned rooms, fireplaces, and abundant natural light throughout. The expansive main triplex residence lives more like a single-family home, spanning multiple levels with three bedrooms, four baths, gracious entertaining spaces, two fireplaces, in-unit laundry, and a large eat-in kitchen appointed with Sub-Zero refrigeration, double ovens, high-end appliances, and a butler's pantry. Central air conditioning throughout the entire main residence. Unit 2 offers three bedrooms and one bath, while Unit 3 offers four bedrooms and one bath. Units 2 and 3 share a convenient coin-operated laundry facility located in the basement of the building. Together, the additional residences offer a rare opportunity to generate meaningful rental income without sacrificing the space and lifestyle of a substantial Lincoln Park home. Two garage parking spaces located directly across the street convey with the property. The heated and secured garage features 24-hour security, guest valet parking, and the ability to add EV charging, an exceptional convenience in this location. The legal three-unit configuration provides tremendous optionality for its next owner. Enjoy the property as an owner-occupied residence with income from the additional units, maintain it as a premier Lincoln Park rental property, or explore the potential to reimagine the nearly 6,400-square-foot building into an extraordinary single-family residence. Ideally positioned in Alcott School District just off Clark Street and moments from the park, lakefront, Lincoln Park Zoo, other neighborhood schools, dining, shopping, and transportation. A rare combination of architectural presence, scale, parking, income potential, and an irreplaceable East Lincoln Park location.
Location
State IL
County Cook
Zoning MULTI
Rooms
Basement Partially Finished, Partial
Interior
Heating Steam, Radiant
Fireplace N
Exterior
Garage Spaces 2.0
View Y/N true
Building
Water Lake Michigan
Structure Type Stone
New Construction false
Schools
Elementary Schools Alcott Elementary School
Middle Schools Alcott Elementary School
High Schools Lincoln Park High School
School District 299, 299, 299
Others
Ownership Fee Simple
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