2530 N. Orchard St. is a 7-unit apartment building located in Chicago’s highly desirable and rarely available Lincoln Park neighborhood. This remarkable property offers oversized units filled with natural light and high-end finishes. The assumable loan accompanying this property presents buyers with an exceptional financing opportunity, offering the potential for above-average cash returns at significantly below-market interest rates. Along with 2525 N. Orchard St., this is an incredible chance to secure two prime pieces of Lincoln Park real estate. ASSUMABLE DEBT AVAILABLE This property includes an assumable interest-only loan with the following terms: Current Balance: $4,150,000 Interest Rate: 4.05% Fixed Rate, Full Term Interest Only Maturity Date: June 6, 2031 RENOVATION IN 2020 The property underwent a significant gut rehab in 2020. The renovations added modern finishes to all units, including stainless steel appliances, quartz countertops, hardwood floors, in-unit laundry, individual hot water heaters, and HVAC systems. The building's mechanicals were upgraded with new electrical wiring, plumbing systems, and additional enhancements. SPACIOUS APARTMENTS The building is comprised of all three-bedroom apartments. Open layouts bring in natural light, providing tenants with luxurious living spaces. LOCATION 2530 N. Orchard St. is located in the heart of Lincoln Park, adjacent to DePaul University, and less than 0.5 miles from the Fullerton CTA Train Station (Red, Brown, and Purple lines). It is also 0.8 miles from Lake Michigan. The property is within walking distance of Diversey Parkway and Halsted Street’s commercial areas and 1.5 miles from Wrigley Field, offering tenants easy access to Cubs games and Wrigleyville nightlife. ADDITIONAL PROPERTY FOR SALE The seller is also offering 2525 N. Orchard St., located just steps away, presenting investors with the opportunity to acquire two turn-key assets in a prime neighborhood.