MLS #: 10550762
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 $1500
Unit 2 Floor 2: 3 bedrooms 2 baths $2200
Unit 3 Floor 2: 4 bedrooms 3 baths $3000
Gross Income $80,400
Net Op. Income $52,583
Rare Find. Two-Flat + Three level coach house in the best part of Lakeview. Just three blocks to Southport corridor, great transportation and area shops and restaurants. This fully leased building enjoys excellent income. Upon renewal larger units should rent for $200-$300 higher. Can provide area comps to substantiate. This lovely property consist of a 2200 sq.ft. 4 bed/3 bath coach house, a 3 bed/2 bath duplex and a one bedroom + den/ 1 bath unit. 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. Lovely, common courtyard between front building and coach house. Additional income opportunity for installing coin-op laundry and building out lower level of front building for 4th unit. 5 blocks to Paulina subway stop and Ashland bus at the corner. Excellent walk score! Great price and cap rate.
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