64 E Cedar St

Essex 312, LLC is pleased to present 64 E. Cedar St., a rare boutique multi-family investment opportunity in the heart of Chicago's prestigious Gold Coast. Situated on East Cedar Street-uniquely equidistant to Oak Street Beach, Rush Street Restaurant Row, Mariano Park, and the Oak Street Luxury District-this distinctive walk-up offers an investor the opportunity to own in a market where properties rarely become available. Properties on Cedar Street, Bellevue Place and Elm Street are considered among the most coveted in the Gold Coast sub market. The units, which boast tall ceilings, have a unit mix consisting of: Two (2) 1 Bed/1 Bath units, One (1) 1 Bed/1.5 Bath unit, One (1) 2 Bed/2 Bath unit, and Two (2) 3 Bed/3 Bath units (one of which is a Penthouse with private rooftop deck). Further, the Two (2) 3 Bed/3 Bath units are currently leased to Hubbard, a corporate housing and short-term rental company, under corporate-guaranteed leases with automatic annual rent and RUBS escalations. Positioned on the north side of Cedar Street, this property is nestled in the heart of the Gold Coast, surrounded by some of Chicago's most iconic dining establishments, including Tavern on Rush, Gibson's Steakhouse, Lou Malnati's, Maple & Ash, Carmine's, LUXBAR, and Adalina. Additionally, the building is just steps from Chicago's Magnificent Mile, Lake Shore Drive, and Oak Street Beach, providing unparalleled access to world-class shopping, dining, entertainment, and the vibrant energy that defines this sought-after neighborhood. This is a rare opportunity to own a premier property in one of Chicago's most desirable locations