6840 S Wabash Ave.

Rare GREYSTONE 2 flat located in a commuter's paradise! Gross annual rental income of $27,000. Strong cap rate of 10.9% with the potential for growth. This investment opportunity is adjacent to a plethora of public transit. Within 1/2 block to the 69th street CTA Red Line stop. Right off of the Dan Ryan Expressway & Chicago Skyway Expressway. And more bus routes than I can fit in this description. This greystone, built in 1900, still has much of it's original woodwork including some original built in shelving. The woodwork was refurbished in 2009. Each apartment has hardwood throughout. The first floor unit is a spacious 2 bed 1 bath that features a separate kitchen, dining, and living room. The second floor unit is a 3 bed 1 bath that features a separate kitchen, dining, and living room. Both units have plenty of closet space. This potential "cash cow" even has an updated rear back porch that was redone by the previous owner. The basement has 2 entrances (rear & side), which gives a opportunity with proper permits and zoning changes to add another 1-2 bedroom in the basement. The electric service to the building was upgraded to 200 amp in 2011. The building is even individually metered for electric, gas, and forced heat by the following: common, unit 1, and unit 2. With the large backyard there is opportunity for your ideas. If building a garage is too big of a task, you could make a quick improvement by adding separate a/c units or washer and dryers. Invest smart and tour this building before it's gone.