3251 W Berteau Ave.

SOLD BEFORE PRINT. Gut renovated, fully stabilized 3-flat on a quiet, tree lined street in Irving Park! Sitting on a massive 37x125 lot, this gorgeous frame building was completely overhauled in 2016 down to the studs. Ideal unit mix consists of one (1) large studio/1 bath apartment, one (1) 2 bed+den/1 bath simplex apartment & one (1) 3 bed+den/2 bath duplex-up apartment. All leases intentionally set to expire during the Summer 2022 leasing cycle. Each unit features 42" shaker style cabinets, granite countertops, Frigidaire stainless steel appliances and dishwashers in the remodeled kitchens. All bathrooms have modern floating vanities, ceramic tile floors and shower/tub surrounds plus new fixtures. Updated electric, plumbing and HVACs. Dark oak hardwood flooring in the main living areas of the middle and top floor units, and carpet in the studio apartment. In-unit laundry in the top floor unit, and a common laundry room in the basement for the middle and lower level units. Gas forced air and central A/C. Detached 3 car garage and a well manicured backyard perfect for the tenants to enjoy in the summertime. Additional storage area accompanies the middle and top floor apartments. With $54,300 in gross rental income annually, the property is running at a 7.2% CAP rate with a 12.6% cash-on-cash return plus upside. Perfect for both the armchair and owner occupier investor.