1658 S Millard Ave, Chicago, IL 60623

NOT FHA APPLICABLE :: 1658 S. Millard is comprised of three (3) incredibly spacious 3bd/2ba units boasting roughly 1,300 square feet of living space. All of the units have been gut-renovated and equipped with updated kitchens and baths. Recent capital improvements to the building consist of, but not limited to: a new 400 amp electric service with in unit breaker boxes, in-unit and separate furnaces and hot water tanks, new windows, 100% copper plumbing, and a new roof (2018). Additionally, there is in-unit laundry featuring both a washing and drying machine. Furthermore, there are three (3) parking spots in the rear, which provide tenants an additional amenity. 1658 S. Millard provides an investor with a unique opportunity to acquire a stabilized and strong cash flowing asset in Chicago's desirable pocket of Lawndale. From day one, a new owner will capitalize on an incredibly strong, subsidized tenant base, and will realize an in place cap rate of 7.66% and a cash-on-cash return of 13.45%.