Wow! Proven Money Making 29-Unit Investment Property expanding over entire Block on Busy Garfield Boulevard in Appreciating Washington Park! Survey Reveals an Oversized 161’ x 100’ Lot that Spans 7 Standard Chicago Lots!! 100% Rented! Consisting of 22-Large Apartments (12- 3 Bedroom, 4- 2 Bedroom, and 6- 1 Bedroom) & 7 Storefronts! All 29 Tenants pay their own Electric, Gas, and Heat. Property Features: New Roof, New 3-Story Decks Spanning the length of both Buildings in the Rear, New Dual-Phase Electric 1,000 AMP Service, New Windows, Private Parking for 8 Cars in the rear of building, New State-of-the-art Internet Video Surveillance Security Cameras, and a Full Unfinished Basement with 9 ft. Ceilings, that is perfect for further expansion, a Storage Facility, and/or a large Laundry Facility for Extra Income! Each Storefront is equipped with both Central Heat & Central Air Conditioning! All Rents & Expenses for this property are Actual, not projected amounts, and includes an Up-to-Date Rent Roll and Income & Expense Sheet. Look at High Cap Rate of 11%, Gross Rent Multiplier of 7.3%, and Calculate your Handsome Rate of Return!! This building has two Addresses as it entails 2-Large Buildings, 118 E. Garfield, and 5450-52 S. Indiana Ave. See Virtual Tour. Owner Financing Possible, Call for details!!! Neighborhood Description Centrally Located in a Busy Commercial District, 2 Blocks from the Green “EL” Line, 3 Blocks from the Orange “EL” Line, and 2 Blocks from the Metra Train Station. This property is also 2 blocks away from Washington Park, The proposed area for the 90,000 Seat Olympic Stadium, should Chicago host the 2016 Summer Olympic Games! Learn more about the City plans for venues here at: http://chicago2016.org/venue_gallery.aspx .
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