With $5609/mo. cash-flow and a cap rate of 7.9% you can house yourself or your NWU students for a bargain. These units are in excellent condition and at a great proximity to NWU, the Central Street Metra, Central Street shops and Restaurants, and the lovely park along the channel. The main house has 2 large bedrooms, 3 outdoor spaces including a rooftop deck, 2 full bathrooms, in-unit laundry, and spacious great room. The lower level is a sharp 1 bedroom, 1 bath and updated kitchen. The coach house is a unique space with 1 bedroom and a den/bedroom, kitchen, full bathroom, living/dining room, in-unit laundry on the first floor. The 2nd floor is the same square footage but wide open space with 2 walk-in closets and full bathroom. Optimal for a live/work solution. Parking frees up in the evenings when businesses shut down. There is one parking pad on the side of the house off the alley. This property can also be used as mixed-use / live-work. Please see cash-flow sheet attached.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
