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
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.
