131 Arbor Ave.

WOW - WHAT A 3 FLAT OPPORTUNITY!! Why not own this building AND Live in it too!? Thats right, even qualified minimum down Buyers can secure an FHA loan on this SOLID 3-unit Building with a WALK-OUT Full-sized Basement, from the turn of the century and live almost rent-free! Thats right let someone else pay your mortgage, while enjoying life in this magnificent Historic Charmer. They just don't build them this way anymore. Sure, it may need some work, but the BONES ARE GOOD and the presence it commands in the neighborhood will only improve with upgrades you make. All of the apartments are generous sized - Units 1 & 2 are each approximately 1250 sq. ft. and the 3rd floor is very comfortable too! Rents are still far below what they could be. 2 of the apartments are heated by Hot Water Baseboard/radiator heat. The 3rd floor has Electric baseboard heaters. 1 & 2 unit has 4 A/C Units, while 3rd floor has at least 2. AND ALL 3 Tenants pay electric. Ideally - someone will see the TRUE Potential as the West Chicago Downtown Area continues to improve - NOTE Train is about 6 blocks, Reed Keppler Park / the Arc/ Turtle Splash Pool about 5 blocks, Library and Dining just 1 block +/-. As an Investor - don't just buy this and squeeze it financially - which you can ... put some money back into it and the return on your investment will be well enjoyed for years to come!