3-Unit Multifamily with Updated
For Sale
Contact for pricing
Pending
55 E Cedar St, Chicago, IL 60611
Built in 1891 with a fully updated basement unit and multiple outdoor decks for residents.
Property SizeContact for details
Days on Market143
Property Features for 55 E Cedar St
General Information
Standard status
Pending
Property subtype
Multifamily
Zoning
DR-3
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Business Included
Yes
Multifamily Units
4
Building Details
Year Built
1891
Listing Agency:
Stellas & Associates
Listed By:
Nick Stellas · License #IL 475.181873
Source:
Crexi
Added: Apr 12
Changed: Aug 16
Last Checked: Sep 1 at 11:26AM
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 Stellas & Associates
Investment Insights
Based on property information with market context.
This multifamily property at 55 E Cedar St consists of a 3-unit structure plus a fully updated basement unit. Built in 1891, it has been well maintained and recently received significant improvements, including new windows, a deck, a roof, and HVAC. The units are described as condo-quality, featuring hardwood floors and updated kitchens and baths, and each unit includes in-unit washer/dryer. The basement also includes a workout room, and the property offers multiple outdoor decks.
The building is located in the heart of Chicago’s Gold Coast neighborhood on quiet East Cedar, approximately half a block from Lake Shore Drive. It is within walking distance of Rush Street nightlife and the CTA Division Red Line stop.
As currently positioned, zoning is DR-3 with the ability to be pushed to DR-7. The listing also notes a redevelopment opportunity to purchase an adjacent lot at 57 E Cedar and combine the parcels for redevelopment, with the combined lot described as 42 feet on Cedar totaling 3,313 SF (0.8 acre).
The building is located in the heart of Chicago’s Gold Coast neighborhood on quiet East Cedar, approximately half a block from Lake Shore Drive. It is within walking distance of Rush Street nightlife and the CTA Division Red Line stop.
As currently positioned, zoning is DR-3 with the ability to be pushed to DR-7. The listing also notes a redevelopment opportunity to purchase an adjacent lot at 57 E Cedar and combine the parcels for redevelopment, with the combined lot described as 42 feet on Cedar totaling 3,313 SF (0.8 acre).
Key Highlights
- 3‑unit multifamily built in 1891 in Chicago’s Gold Coast, with a fully updated basement unit
- Recent major updates include new windows, deck(s), roof, and HVAC
- Units feature hardwood floors and updated kitchens and baths
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
15,146
Businesses Nearby
Explore this area
Business Placement
Demographics for 60611, IL
38,456
Population
28,239
Households
1.4
Avg Household Size
39
Median Age
88%
College-Educated
99%
High-School Grad
0.8 sq mi
ZIP Area
48,070
Density / Sq Mi
$124,621
Median Household Income
$92,917
Median Earnings
$2,416
Median Rent
$608,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Built in 1891 with a fully updated basement unit and multiple outdoor decks for residents.
Where is this quadplex located?
The property is located at 55 E Cedar St Chicago, IL.
What are key features of this property?
This property features: 3‑unit multifamily built in 1891 in Chicago’s Gold Coast, with a fully updated basement unit; Recent major updates include new windows, deck(s), roof, and HVAC; Units feature hardwood floors and updated kitchens and baths
