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    Gold Coast Investment Portfolio Title is generated by Realmo AI

    1140 N Lasalle Dr, Chicago, IL

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    Commercial and residential condos in a prime location.

    Type:RETAIL
    Property size:
    1,560 SF
    Lot size:
    0.36 Acres
    Price / SF:
    $1,785/SF
    Added:
    Oct 21, 2025
    Days on Market:
    234
    Last Refresh:
    May 19 at 8:31 pm

    Property Features for 1140 N Lasalle Dr

    General Information

    Standard status
    Active
    Size
    1,560 SF
    Lot size
    0.36 Acres
    Property subtype
    RETAIL

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    Listing Contact
    Julie Harron
    Julie Harron

    Listing agent Julie Harron License #475128748

    Listing office Sotheby's - Jameson | Lincoln Park

    Listing date Oct 21, 2025

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Sotheby's - Jameson | Lincoln Park

    HighLights

    • High Occupancy: 100% occupied residential condos (AirBNB's) and rented commercial condos ensure immediate income.
    • Prime Location: A‑Class location at a busy Gold Coast intersection offers high visibility and desirability.
    • Investment Portfolio: Includes a mix of commercial and residential units, providing diversification.
    • Income Generation: Current cap rate of 5.10% As‑Is indicates a strong return on investment.
    • Commercial Tenants: Two street‑level commercial condos are currently rented, providing stable income.
    • Furnished AirBNB Units: Five residential condos are furnished and set up as AirBNB's, ready for immediate rental.

    Overview

    This investment portfolio includes two street-level commercial condos with a combined area of 1560 square feet, currently rented as a restaurant. Additionally, there are five residential condos configured as furnished one- and two-bedroom units, currently operating as short-term rentals and 100% occupied. The property is located at a busy intersection in the Gold Coast neighborhood. The cap rate is 5.10% As-Is.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Oliver on LaSalle Apartments Apartment Building

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • The Illest Eats — 1 E Erie St Suite 525-2984, Chicago, IL 60611
    • PLATED CREATIONS personal chef + catering + events — 535 N Michigan Ave, Chicago, IL 60611
    • Chicago Food Truck Association — 605 N Michigan Ave, Chicago, IL 60611
    • Chef Brandon Rogers, LLC. — 1 E Erie St Suite 525-5584, Chicago, IL 60611
    • Lisa's Boutique Catering LLC — 620 N La Salle Dr Suite 233, Chicago, IL 60654

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6337
    Latitude
    41.9032

    FAQs

    What type of property is this?
    Restaurant - Commercial and residential condos in a prime location.
    Where is this restaurant located?
    The property is located at 1140 N Lasalle Dr Chicago, IL.
    What is the asking price?
    The asking price for this property is $2,785,000.
    What are key features of this property?
    This property features: High Occupancy: 100% occupied residential condos (AirBNB's) and rented commercial condos ensure immediate income.; Prime Location: A‑Class location at a busy Gold Coast intersection offers high visibility and desirability.; Investment Portfolio: Includes a mix of commercial and residential units, providing diversification.
    (312) 953-6408 Call to check price and availability
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