Description
TURN KEY, SOLID BRICK side entrance 6-UNIT BLDG in northwest side of Chicago in hot PORTAGE PARK! * Currently operating at 7.23% CAP rate! Within this 6,163 square foot building, there are two 3BR/1bth units and four 2BR/1bth units that are all rented * All 6 apartments have been remodeled over the past 4 years and are in great condition...new kitchen and baths, hardwood floors, lighting * In addition to the remodeled units, the building has been very well-maintained and managed * All utilities are separate for each unit and TENANTS PAY ALL UTILITIES (except unit GN)...6 boilers, 7 water heaters, New Windows (2019) throughout * Conveniently located Laundry in basement with coin-operated washer and dryer brings in additional income (not listed in figures below) * Two 2-car garages (4 spaces) in back that are all currently leased ($400/mth total) by one tenant in building. * NOTE * Pictures of interior units are prior to windows being replaced * Serious pre-approved inquires only * Units are always in high demand and easily rentable...Truly a turn key operation in desirable Portage Park/Jefferson Park LOCATION! Don't miss this great investment opportunity.
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0BEDS
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0.13ACRES
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0BATHS
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01/2 BATHS
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6,163SQFT
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$142$/SQFT
School Ratings & Info
Description
TURN KEY, SOLID BRICK side entrance 6-UNIT BLDG in northwest side of Chicago in hot PORTAGE PARK! * Currently operating at 7.23% CAP rate! Within this 6,163 square foot building, there are two 3BR/1bth units and four 2BR/1bth units that are all rented * All 6 apartments have been remodeled over the past 4 years and are in great condition...new kitchen and baths, hardwood floors, lighting * In addition to the remodeled units, the building has been very well-maintained and managed * All utilities are separate for each unit and TENANTS PAY ALL UTILITIES (except unit GN)...6 boilers, 7 water heaters, New Windows (2019) throughout * Conveniently located Laundry in basement with coin-operated washer and dryer brings in additional income (not listed in figures below) * Two 2-car garages (4 spaces) in back that are all currently leased ($400/mth total) by one tenant in building. * NOTE * Pictures of interior units are prior to windows being replaced * Serious pre-approved inquires only * Units are always in high demand and easily rentable...Truly a turn key operation in desirable Portage Park/Jefferson Park LOCATION! Don't miss this great investment opportunity.
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