22 E Elm Street Chicago, IL $ 5,200,000
22 E Elm Street
$ 5,200,000
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22 E Elm Street

Chicago, IL, 60611
$ 5,200,000
Baths0.0 Sq 5,100

Monthly Estimate*

$ 36,324

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Studio

Commercial Property for sale in Chicago, IL

for $5,200,000. This 5,100 square foot building was built in 1895 on a lot size of 0.059688.

We are pleased to present 22 East Elm for sale. This recently remodeled building is located on one of the most beautiful tree lined streets in Chicago's Gold Coast. The unique 5100 sf space has been elegantly designed and curated by the current owners with walnut floors, custom lighting, surround sound & a stunning glass elevator (accessible to all three levels). Currently a high end salon and med spa, this flexible space can most certainly be reimagined as a myriad of other uses including a luxury single family home, medical practice, luxury retail store, or even a sales, private equity or wealth management office to name a few alternatives. The zoning is amenable to other uses and the entire property is handicapped accessible. Unique opportunity for a savvy investor to acquire a luxury piece of property in Chicago Gold Coast. Opportunity abounds as the property has a myriad of excellent uses. You won't be disappointed.

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Commercial Active

Price

$ 5,200,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 72,136

Style

Lot Size

0.059688

Year Built

1895

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12010056

Features
General
Cooling Central Air
Year Built 1895
Electric Circuit Breakers Service - 201 to 600 Amps
Tenant Pays Air Conditioning Electricity Heat
Stories 3
Property SubType Condominium Free Standing Store Medical Neighborhood Storefront Other Restaurant
Tax Year 2022
County Cook
Net Operating Income 0
Property Type Commercial Sale Retail/Stores
Status Active
Directions Elm between Inner Lake Shore Drive and State
City Chicago
MLS Area CHI - Near North Side
Lot Size Square Feet 2600
Street Name Elm
Tax Annual Amount 72136
Additional Parcels Y/N N
Leasable Area 5100
Days on Market 29
Standard Status Active
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Exterior
Building Area Total 5100
Lot Dimensions 25X103.25
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Interior
Street Suffix Street
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* Excluded Features
List By
Jameson Sotheby's Intl Realty

Broker

llevin@jamesonsir.com; llevin@jamesonsir.com

Email

Affordability Calculator

$42,335
Per Month
86%
14%
0%
Monthly Principal & Interest
$36,324
Monthly Property Taxes
$6,011
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/19/2024$5,200,000 -11.86% Price Down
3/28/2024$5,900,000 Listed Price

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22 E Elm Street, Chicago, IL, 60611 is a Commercial Property for sale at $5,200,000 with 5,100 sqft and a lot size of 0.059688. 22 E Elm Street is a studio with 0.0 baths and was built in 1895. The property's zip code is 60611 which is in Chicago, IL