3-Unit Multifamily with Updated
55 E Cedar St Chicago, IL 60611
For Sale
Contact for pricing
Pending
Built in 1891 with a fully updated basement unit and multiple outdoor decks for residents.
Days on Market105
Property Features for 55 E Cedar St
General Information
- Standard status
- Pending
- Property subtype
- Multifamily
Listing Agency:
Stellas & Associates
Listed By:
Nick Stellas · License #IL 475.181873
Source:
Crexi
Added: Apr 12
Changed: Jul 20
Last Checked: Jul 24 at 6:36AM
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
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
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
