Photo 1 of 1
$850,000
Sold on 12/23/19
Beds |
Baths |
Sq. Ft. |
Taxes |
Built |
12 |
0.00 |
0 |
$10,579 |
1914 |
On the market:
90 days
|
View full details, 15 photos, school info, and price history
RARELY AVAILABLE, TRUE 4-UNIT BUILDING on a DOUBLE LOT (50 x 125 ft) with beautiful center entrance in a highly desirable Irving Park location just 5 blocks from Independence Park! This building is a money maker with a CAP Rate of 7... and it doesn't get better for an easy-to-rent location- just 2 blocks from the Blue Line Addison Stop, close to the Metra, & easy access to a plethora of shopping & restaurants & 90/94 as well (perfect for commuters & getting to the airport). This beautiful building has recently had over $150,000 in updates including all brand new back decks & stairs, a brand new built-out 4BR, 2BTH Duplex Down, 2 new furnaces, all new hot water heaters & a drain tile system as well. All units are separately metered & tenants pay all their own utilities! With almost $82,000 in yearly income (from coin laundry & rents) & room for rent increases through continued cosmetic updates to the apartments this building represents an opportunity for a solid investment in a solid location with great returns for years to come!
Listing courtesy of Michael Hall, Baird & Warner