Architectural Grandeur Meets Investment Opportunity

Originally built for Sylvester S. Cargill, this commanding Victorian triplex offers historic pedigree, generous square footage, and compelling flexibility for multi-generational living, creative use, or investment.

Located just a block from the American Swedish Institute and moments from Eat Street, Downtown, major hospitals, and commuter routes, this property delivers timeless charm and functional versatility. The layout includes:

Main House: 4,000+ sq ft of elegant living space

Carriage House Apartment: 1BR with private entry, currently rented

Studio Apartment: 1BR within the main house, also rented

Lower-Level Suite: Fully plumbed with separate access—ideal for Airbnb/STR thanks to proximity to ASI, Children’s, Abbott Northwestern, and St. Mary’s

Unfinished Attic: Insulated, high-ceilinged space—ready to become a stunning 2BR apartment or luxurious owner’s retreat

Professional Darkroom/Studio: Adds live/work or creative potential

Four-Car Garage: Two heated bays currently used as a workshop

Private Garden: Lush, serene backyard with koi pond

?? Now at $875,000, this property is priced to attract savvy buyers and investors. With multiple units, underutilized bonus spaces, and income projections supporting a strong return (depending on configuration), the value here is as tangible as the original millwork.

Whether you're seeking an owner-occupied lifestyle with income support or a fully optimized income-generating asset, 2601 Portland is an exceptional and rare offering in the heart of a dynamic, evolving neighborhood.