Sold for $430,000 on 10/30/20
| Beds |
Baths |
Built |
Sq.Ft. |
Garage |
Taxes |
On Market |
| 8 |
— |
1912 |
— |
0 |
$5,496 |
1784 days |
This BEAUTIFULLY maintained and recently updated building is the self sufficient investment that you've been looking for! Tear off roof in 2012, updated units done in 2015, and tuck-pointing done in 2018. Copper plumbing, new electrical wiring, 4 legal units, 4 separate gas meters and 4 separate electric meters, 4 separate utility rooms and coin operated laundry makes this thing a truly self sufficient CASH COW. Currently owned by a GC, the owner has been able to easily maintain the building with top quality craftsmanship. Fully rented at market value this could easily yield a 12%+ CAP RATE. Currently 2 units vacant and 2 units occupied: 1 unit is on a lease until the end of August, the other is on a lease until the end of next May (both are paying WAY below market value). Easily rentable to long term tenants being steps away from public transportation, elementary, middle and high schools. FHA/Conventional/Cash, bring your best offer - this is a TURN-KEY investment!
Listing courtesy of Keller Williams Chicago-Lincoln Park
2131 N Lorel Ave. is a multi-unit home built in 1912, and is located in Chicago, IL, in the Belmont Cragin neighborhood. It has 8 bedrooms and — bathrooms, and has annual property taxes of $5,496.
Marco Amidei
(888) 32-Marco (847) 630-4886
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