Photo 1 of 1
$429,250
Sold on 10/17/16
Beds |
Baths |
Sq. Ft. |
Taxes |
Built |
5 |
0.00 |
0 |
$6,970 |
1889 |
On the market:
28 days
|
View full details, 15 photos, school info, and price history
Multiple offer situations. Final and best due by Sunday 9 PM. 100% leased arm chair investment with tenants that line up to see it and pay their own utilities OR tear down (Zoned RM-5 with new construction next door) and build condos for doctors or apartments for students who need to walk to campus, UIC or Rush, take the el downtown or enjoy living off the highway in the heart of Little Italy and University Village. This solid brick 2 flat has been meticulously maintained and improved by tuck pointing, plumbing improvements, replacing HVAC, new flooring and sub flooring, new appliances, and other capital improvements. Current 5.5% CAP rate with easy Pro Forma of 6.3% CAP and ARP of 8.6% CAP. Build new construction with units starting at $450,000. Start doing your math and submit an offer. 89 Walk Score | 80 Transit Score | 90 Bike Score. Information deemed reliable, but not guaranteed.
Listing courtesy of John Grafft, Berkshire Hathaway HomeServices KoenigRubloff