MLS #: 10504563
City: CHICAGO ZIP: 60657
Built In: U
Lot Size: A
Lot Dimensions: 25 X 125
# of Units: 3
Unit 1 Floor 1: 1 bedrooms 1 baths $1200
Unit 2 Floor 2: 3 bedrooms 2 baths $2200
Unit 3 Floor 2: 4 bedrooms 3 baths $3000
Gross Income $78,000
Net Op. Income $50,129
Must see to appreciate! Excellent investment opportunity! Just a few blocks to Southport corridor. Rare find with two buildings on this highly desirable property. Rear coach house + front 2-Flat. Although the income is substantial, the units were rented under market value. Both the 4 bed/3 bath coach house and the 3 bed/2 bath should realize a minimum of $200/more more per unit than currently rented for. The one bedroom + den has been rented to friends of the owner for four years at the same rent ($1200) and should go for a minimum of $1500-$1600/month. Fully leased three unit building consisting of a 4 bed/3 bath coach house in rear + 3 bed/2 bath duplex up, and 1.5 bed/1 bath in front building. Fully Rehabbed. Lovely, spacious courtyard between front building and coach house. All units have rented easily when they turn over. Taxes have not been appealed since 2008. There's a good chance new owner could appeal and see a good reduction.
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