Description
Well maintained legal 4-unit property (3-flat + 2-level coach house), on a quiet West Town block that has seen explosive rental growth in the past few years. All units have been improved with quality kitchens and baths, in-unit laundry, central Heat/AC, and updates to the plumbing and electric. The main building features all 2-bed / 1-bath units with rents ranging from $1,575-$1,950/mo and the coach house is a unique 1-bed / 1.5-bath unit on two-levels with tall, lofted ceilings on the main floor ($1,700/mo). Recent capital improvements include new mechanicals (2 new furnaces & 3 new water heaters in 2020), new tile floors for front building entry and Unit 1 bathroom (2022), a new roof with rubber membrane on the main building (2021), new roof on the coach house (2016), and remodeled coach house bath & basement floor replacement (2016). The property is surrounded by highly sought-after neighborhood conveniences including proximity to the Western Ave Blue Line stop, access to the 606 Bloomingdale Trail, the reinvigorated Humboldt Park and great dining and nightlife options. This is a great opportunity for a value-add / arm-chair investor (simply increase rents as leases come up) and provides several options for an owner-occupy investor. Current gross annual income = $83,700. Ins = $2,612. Water=$2,005.
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7BEDS
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N/AACRES
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0BATHS
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01/2 BATHS
Description
Well maintained legal 4-unit property (3-flat + 2-level coach house), on a quiet West Town block that has seen explosive rental growth in the past few years. All units have been improved with quality kitchens and baths, in-unit laundry, central Heat/AC, and updates to the plumbing and electric. The main building features all 2-bed / 1-bath units with rents ranging from $1,575-$1,950/mo and the coach house is a unique 1-bed / 1.5-bath unit on two-levels with tall, lofted ceilings on the main floor ($1,700/mo). Recent capital improvements include new mechanicals (2 new furnaces & 3 new water heaters in 2020), new tile floors for front building entry and Unit 1 bathroom (2022), a new roof with rubber membrane on the main building (2021), new roof on the coach house (2016), and remodeled coach house bath & basement floor replacement (2016). The property is surrounded by highly sought-after neighborhood conveniences including proximity to the Western Ave Blue Line stop, access to the 606 Bloomingdale Trail, the reinvigorated Humboldt Park and great dining and nightlife options. This is a great opportunity for a value-add / arm-chair investor (simply increase rents as leases come up) and provides several options for an owner-occupy investor. Current gross annual income = $83,700. Ins = $2,612. Water=$2,005.
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