MLS #: 10545532
City: Chicago ZIP: 60647
Built In: 1924
Lot Size: A
Lot Dimensions: 30X150
# of Units: 4
Unit 1 Floor 1: 3 bedrooms 2 baths $1830
Unit 2 Floor 2: 3 bedrooms 2 baths $2600
Unit 3 Floor 3: 3 bedrooms 2 baths $2150
Unit 4 Floor 4: 3 bedrooms 2 baths $2250
Gross Income $11,160
Net Op. Income $85,147
Perfect opportunity for an investor or an owner who would like to live on a gorgeous tree-lined street, steps away from Palmer Square in a beautiful, classic Chicago, ~1,950SF living space, and to collect rents from three other large beautiful units. Each unit has three-bedrooms, two-bathrooms, separate (large) living rooms, dining rooms, and kitchens, and sun rooms. 2155 N Spaulding has been beautifully maintained, with the garden & first floor units rehabbed. There is a charming front yard, common area patio space, and a three car garage. There is upside opportunity to increase income easily with currently below market rents. Greater upside could be achieved in this booming location with a zoning change and converting the property to 6-8 units. For reference, 2bd/2ba units at about 950SF in the area rent for $2,000-$2,200/mo, suggesting an upside possibility of $211,200 in annual gross rents!
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