Photo 1 of 18
$389,500
Sold on 10/29/21
| Beds |
Baths |
Sq. Ft. |
Taxes |
Built |
| 3 |
0.00 |
0 |
$4,086.89 |
1925 |
|
On the market:
72 days
|
View full details, 15 photos, school info, and price history
Extensively renovated and leased 2 unit building on a quiet, residential street in Portage Park. 2 bed/1ba unit on the first floor pays $1,550 and the 1 bed/1ba second floor unit rents for $1,300 with tenant paid utilities. Projected NOI for the 12 months following April 2021 is $24,000. Both units completely gutted in early 2021 with new kitchens, bathrooms, vinyl floors, quartz countertops, new white cabinets, vinyl floors, stainless steel appliance package, and all new fixtures. Major capital expenditures completed in 2021 include the installation of two brand new individual HVAC systems, new copper plumbing, new front siding, new electric, & roof repairs. The property could appeal to an owner occupant who could take possession of the second floor unit in April 2022 and collect rent from the first floor tenant. Also a tremendous investment opportunity for long term cash flow and appreciation.
Listing courtesy of John Meyer, 33 Realty
