Sold for $960,000 on 12/30/20
| Beds |
Baths |
Built |
Sq.Ft. |
Garage |
Taxes |
On Market |
| 12 |
— |
|
— |
4 |
$18,430 |
1296 days |
The investment property you've been waiting for, 6314 N. Lakewood has proven cash flow and even more cash flow potential. This cash cow boasts 3 legal units totaling about 6000sf above grade. Lot measures 50'x120' in the heart of Edgewater. Current CAP rate of 6.1% and the potential for 7.8% with annual rents over $100,000. Units 2 and 3 are identical 2000sf, 4 bed/2 bath units with huge formal dining rooms and expansive living spaces. The vacant owner unit on the 1st floor boasts 3 bedrooms/2 bathrooms, formal dining and living spaces, in-unit laundry and a breakfast area. Kitchen has Corian countertops, 42" custom cabinetry and SubZero refrigerator. This unit also has a private side yard that expands almost the entire depth of the lot. 4car brick garage that is also fully rented. Incredible investment opportunity whether you're an off-site investor or a live-in landlord. Formal appraisal done in October 2020 came back @ $1,125,000 so this building is priced to move. (Estate Sale so sold As-Is)
Listing courtesy of Berkshire Hathaway HomeServices Chicago
6314 N Lakewood Ave. is a multi-unit home, and is located in Chicago, IL, in the Edgewater neighborhood. It has 12 bedrooms and — bathrooms, a 4-car garage, and has annual property taxes of $18,430. This home goes to Hayt Elementary School, Hayt Elementary School, and Senn High School.
Marco Amidei
(888) 32-Marco (847) 630-4886
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