11 bedroom house for sale
Chicago IL 60614
- Property Type
- House
- Price
- $1,725,000
- Beds
- 11
- Baths
- 8
Overview
Offers easy access to world-class restaurants, bars, shopping and Red/Brown/Purple line transfers at nearby Fullerton stopAAA+++ 4 unit investment property in Lincoln Park. Turnkey, fully updated in 2020. Rock solid building. Located one street east of Southport on one of the most desirable blocks in Lincoln Park. Offers easy access to world-class restaurants, bars, shopping and Red/Brown/Purple line transfers at nearby Fullerton stop. Great for commuting tenants. All units have been recently updated with large, modern kitchens and bathrooms, making them attractive to professional tenants with little to no vacancies historically. These units were formerly four separate condos with individual PINs. Each unit is a duplex/two-level apartment with individual central heat and AC, water heater, gas log fireplaces, and in-unit laundry, making them highly desirable to tenants. The property comes with two assigned outdoor parking spaces with the potential for a third parking space for a smaller car. The property also features a large rear yard, providing tenants with a private outdoor space. New Roof in 2022. Lincoln Park is a high-demand area with low vacancy rates, making this property an excellent investment opportunity. This property offers strong financial performance and potential for long-term appreciation. Rental income has been increasing annually. GRI $149K, NOI 109K GRM 11.6 puts this offering at a 6.43% CAP RATE return at full offer price below Lincoln Park valuations. Formerly four separate condominiums with separate electric and HVAC. Viewings of the property require 48 hours tour notice due to tenant occupancy. Information deemed reliable but buyer should perform their own due diligence.
Details
- Beds: 11
- Baths: 8
- Price: $1,725,000
- Reference No.: 69483795
Location
Chicago IL 60614
11 bedroom house for saleRelated Properties
Disclaimer
2024-03-16, Viewed 0 times.
The information about this listing comprises a listing advertisement. Listanza makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information. Further, Listanza has no control over the content. The information is provided and maintained by the owner/agent. Please contact the owner/agent directly to obtain any additional information.
2024-03-16, Viewed 0 times.
Search more listings
- Top 20 3 bedroom house for sale idaho falls id backyard
- Top 20 2 bedroom apartment for rent hanover md pool
- Top 20 3 bedroom house for sale greenville nc granite counter
- Top 50 1 bedroom apartment for rent thornton co carpet
- Top 50 2 bedroom apartment for rent charlotte nc den
- Top 20 3 bedroom house for sale killeen tx parking
- Top 20 2 bedroom apartment for rent burlington ma appliances
- Top 20 3 bedroom house for sale orlando fl microwave
- Top 50 1 bedroom apartment for rent chevy chase md elevator
- Top 10 1 bedroom apartment for rent glendale heights il hardwood floor
- Top 10 3 bedroom house for sale queen creek az laundry
- Top 20 2 bedroom apartment for rent suwanee ga pool