Photo 1 of 1
$810,000
Sold on 5/26/17
Beds |
Baths |
Sq. Ft. |
Taxes |
Built |
7 |
0.00 |
0 |
$10,874.51 |
1891 |
On the market:
87 days
|
View full details, 15 photos, school info, and price history
Well-maintained investment 3-flat straddling both the Lincoln Park and Lakeview neighborhoods. Walking distance to DePaul University, Lincoln Ave restaurants and Diversey CTA Brown/Purple "L" stop. 1st and 3rd flr apartments consist of 2-bed and one-bath each, approx 855 and 925 SF, respectively. 2nd flr apartment contains great sunny eat-in kitchen and three-bedrooms and is only unit without central air. All units have hardwood floors, high ceilings, modest kitchen and bath upgrades, and tenant-paid utilities. Recent cap improvements include tuck pointing, gutters, vinyl siding and newer windows. Additional income generated from the 2.5 car detached garage. Increase rents to market rate and/or duplex up into attic for more upside (some rents haven't changed for 7+ years). Simple value-add opportunity by renewing leases this summer! Tremendous owner-occupied opportunity as well. Expenses conservatively underwritten-Actual operating costs are less.
Listing courtesy of Jeff Hoobler, CN Realty