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Detailed Listing Description
Attention investors! This is your chance. Redevelop or keep as income producing property. Fantastic location, fantastic cash flow. Legal 2 unit consists of a duplex up, main level unit and finished basement. Gross monthly rental income $4470. A new owner could rehab each unit as the leases expire and get a lot more in rent. First floor unit has hardwood floors in living room and a rehabbed bathroom in 2017. Second floor duplex unit has dramatic wall of windows, a rehabbed kitchen in 2017, hardwood floors in living room and interior spiral staircase. Two exterior parking spaces and enclosed porch. All tenants are up to date on their rent, 2nd floor unit has long terms tenants and first floor always rent fast. Tons of new construction nearby. Priced low for a quick sale. Don't miss out! Also listed for land sale, possible tear down.
Additional Property Details
Garage & Parking
- Number of Parking Spaces2
- Parking on SiteY
- Parking OwnershipA
- Parking Fee/Lease Amount0
- Tenant Pays Unit 1B
- Tenant Pays Unit 2B,C,D
- Appliances Unit 1A,B,E,F,J,N,P,W
- Appliances Unit 2A,B,E,F,J
- Grade SchoolPRESCOTT ELEMENTARY SCHOOL
- Grade School District299
- Jr High/Middle School District299
- High SchoolLINCOLN PARK HIGH SCHOOL
- High School District299
Zip Code Comparison: 60614Listings in this Zip Code average: 3 to 4 units, and are priced at $1,397,655 to $1,464,000
This listing is 19% more than other 2 unit listings in this zipcode.
Neighborhood Comparison:Listings in this Neighborhood average: 3 to 4 units, with average prices of $1,494,179 to $1,560,429
CHI - Lincoln Park
This listing is 13% more than other 2 unit listings in this neighborhood.
Rental Income : Annual $42,000 Monthly $3,500
Rental Income Stabilized : Annual $46,572 Monthly $3,881
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Listing Office: Redfin Corporation
4623 N Hermitage Chicago
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