**BUYER FINANCING FELL THROUGH**. 9200 S. Ellis is comprised of two (2) incredibly spacious 2bd/2ba and 2bd/1ba units boasting roughly 2,800 square feet of living space. 1st floor apartment is used as a duplex down or a bonus option to add in a completed 3rd basement unit. Both units have been renovated and equipped with updated kitchens and baths. Recent capital improvements to the building consist of, but not limited to: brand new hot water tank (2021), new fernace, and plumbing updates (2019). Additionally, there are in-unit laundry hook ups for washing and drying machines. Furthermore, there are (2) private garaged parking spots at the rear of the building which provide tenants an additional amenity. 9200 S. Ellis provides an investor with a unique opportunity to acquire a stabilized, 100% occupied, and strong cash flowing asset ($2,000.00 total per month in total rents) in Chicago's desirable pocket of Burnside. From day one, a new owner will capitalize on an incredibly strong, subsidized tenant base, and will realize an in place cap rate of 7.74% and a cash-on-cash return of over 31%.
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.
