Welcome to 7015 N. Sheridan Rd - a rare opportunity to own a piece of Chicago history on an oversized 46 x 150 lot on the east side of Sheridan, just steps from the lake. Originally built in the 1800s, this expansive 5-bedroom, 4.1-bath home blends timeless architectural charm with thoughtful modern updates. From the moment you step into the grand foyer, you'll be captivated by the intricate woodwork, stunning staircase with stained glass details, and preserved vintage character throughout. The main level offers a spacious living room with gleaming hardwood floors and recessed lighting, a cozy sitting area with a gas fireplace, and a formal dining room that flows seamlessly into the oversized kitchen. The kitchen is truly the heart of the home-featuring stainless steel appliances, an island, and abundant cabinetry and counter space. A convenient mudroom leads to the rear porch, expansive parking area, and easy access to the beach-perfect for rinsing off after lake days. Upstairs, the second level features three generously sized rooms, including a primary suite with multiple closets and a beautifully updated en suite bath complete with a double vanity, soaking tub, and separate shower. Two additional rooms are connected by a Jack-and-Jill bath, with flexibility for bedroom or office use. The top floor offers a private suite with its own bedroom, ample storage, and full bathroom-ideal for guests or extended living. The lower level provides exceptional versatility, featuring two laundry areas, extensive storage, and a fully equipped in-law suite with a private entrance, 2 bedrooms, 1 bath, in-unit laundry, and a modern kitchen with living and dining space. What truly sets this property apart are its income-generating opportunities. The current owners lease 11 parking spaces at $240/month each and operate a permitted short-term rental in the lower level. Additionally, the property presents a unique development opportunity. The owners have secured approval from the City of Chicago and the Lakefront Protection Ordinance to build a 5-story, 20-unit residential building on the site. While offered as a single-family home, further details on the approved development are available upon request. Permits must be pulled by October for those interested in pursuing the project. This is one of the last remaining homes of its kind in the area-offering historic charm, strong income potential, and incredible future upside-all just steps from Lake Michigan.