Welcome to your future investment opportunity or personal lakeside retreat in fabulous Edgewater Beach! Step outside and go for a swim in Lake Michigan, take a stroll in adjacent Berger Park, have a cocktail at the Waterfront Cafe, and walk west down Granville for the best restaurants, shops, and bars in the neighborhood. Just a few blocks from Loyola University and four blocks north of Lakeshore Drive- this location cannot be beat! This rare listing features two spacious two-bedroom, two-bathroom units combined under one tax pin, offering unparalleled flexibility and investment potential. Both corner-unit condos boast spectacular lake views featuring 1300 square feet of living space. Imagine the possibilities: maintain the current configuration and separate the units into two distinct tax pins to unlock immediate equity, or combine both units to create your own expansive 4 bedroom, 4 bathroom 2600 square foot lakeside oasis, tailored to your vision and lifestyle. Both units are currently tenant-occupied through summer 2025, providing a steady stream of rental income and making this an attractive investment opportunity. With the security of existing leases, you can plan your next steps with confidence, whether you're looking to maximize returns or eventually create a bespoke residence. The assessment of $1901.24/month includes heat, cable, water, doorman, exercise facilities, common insurance, scavenger, exterior maintenance, lawncare, and snow removal. The building itself has undergone significant improvements, featuring new tuckpointing and facade work, as well as updated lobby decor, ensuring a fresh and modern feel. Building amenities include spectacular rooftop overlooking Lake Michigan, top floor exercise facilities with views for days, top floor party room, assigned storage locker, bike storage, on-site parking (assigned spaces priced at $140-160/month), laundry facilities, and on-site management and building engineer. This property offers endless possibilities for investors and homeowners alike. Don't miss the opportunity to make this lakeside retreat your own. Schedule a Private Showing

Listing courtesy of MRED / Compass as distributed by MLS GRID

Last checked: Checking… • Last updated Nov 18, 2024 • Source: MRED

MLS# 12208824 — Report a problem