1428 Cleveland Ave Chicago, IL 60610-1108
- Retail residential properties
- 1,600 SF
- 0.07 lot acres
Oct 03, 2022
Current Use by Public Records
- The Sono Chicago / Bed & Breakfast / Hotel
Property Details for 1428 Cleveland Ave
- Year built
- 1878
- Lot size
- 0.07 lot acres
- Property size
- 1,600 SF
- Property type
- Retail residential properties
- APN
- 17-04-122-042
- APU
- 1704122042
Description
Exceptional investment opportunity in Chicago's Old Town neighborhood presents a unique blend of commercial and residential real estate. This stunning three-story, 4,000 square foot brick and limestone building, constructed in 2016, operates as a highly successful Airbnb/Bed and Breakfast with a City of Chicago-approved license. Generating approximately $520,000 in annual revenue, the property boasts eight en-suite bedrooms, providing ample accommodation for guests. The main level features 10-foot ceilings, wide-plank hardwood floors, a powder room, a living room fireplace, a separate dining room, and a chef's kitchen complete with stainless steel appliances including two dishwashers, double ovens, a six-burner cooktop, a large refrigerator/freezer, an ice maker, a farmer's sink and prep sink, stone countertops, and a large island with seating. A spacious family room with a fireplace opens onto a large deck. The second and third floors mirror this layout. A finished walk-out basement adds two more en-suite bedrooms. Outdoor amenities are exceptional, including multiple balconies and a massive 69x18 foot rooftop terrace with a second kitchen and breathtaking panoramic city views. The property's prime location offers easy access to Lincoln Park, the zoo, beaches, shopping, and restaurants. Nearby schools include Catherine Cook, Franklin, British International, LaSalle Language, St. Ignatius, and Latin. This property presents a rare opportunity to acquire a high-performing, fully furnished business with significant upside potential, or alternatively, utilize it as a large single-family home. Asking price is $2,995,000.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,865,000
- ML approach
- $2,745,000
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6413
- Latitude
- 41.9084
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
