MLS #: 10509695
City: CHICAGO ZIP: 60614
Built In: U
Lot Size: A
Lot Dimensions: 24 X 124
# of Units: 4
Unit 1 Floor 1: 3 bedrooms 1 baths $2650
Unit 2 Floor 2: 3 bedrooms 1 baths $2550
Unit 3 Floor G: 2 bedrooms 1 baths $1650
Unit 4 Floor C: 3 bedrooms 2 baths $3600
Gross Income $12,500
Net Op. Income $10,100
6.0 Cap Rate in the heart of Lincoln Park & DePaul!!! This money making investment property is available for the 1st time in more then 40 years! Massive Coach House + 3 Front units has made this building ideal for any smart investor! And has even more potential to get CAP RATE to 6.5% with a minor remodel in the Coach House! AIRBNB would also get the CAP Rate higher if Owner Occupied. Close to 100k Net Operating Income! All mechanicals recent and bathrooms and kitchens also updated recently. Picture perfect block that connects with DePaul's campus at the end of the block. Around everything that makes Lincoln Park so amazing, restaurants, CTA, Lake Michigan, LP ZOO and much more! Easy to show as currently not rented so hurry up before another 40+ years go by!!!!
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