Located only 2 miles from the newest Whole Foods Market, this fantastic All Brick 8 Unit, 2 Story in Chicago practically re-developed from the studs up! This property represents a virtually turn-key opportunity for long term cash flow of brand new, converted units separately metered. Potential to also add 2 Additional Units in basement! Having been nearly gutted, the property now is wired for high speed Wi Fi, 24/7 Security access for each unit plus exterior cameras, Electric and framing. 4 Units: 2bed/1ba. 4 Units: 3bed/1ba. Amenities: Kitchen, walk-in pantry, washer/dryer living & dining rooms. Built like a fortress in 1921 (All Brick & Concrete with Hardwood Floors in Halls and Units). ANALYSIS: PRO FORMA 2bed/1baths: $925/mon x 12mons = $44,400.00/yr 3bed/1baths: $1125/mon x 12mons = $54,000.00/yr = $98,400.00 pro forma Effective Gross Income Last year's property tax was only $4,215!! Perfect location in all accounts for tenants. Investors should hurry and buy NOW! Inventory here is down almost 50% in 1 year, and appreciation in one year of 8.2%! Call me Rich on his cell now @ 312-698-3077
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