**Attention Investors! Check Out This Amazing Income Generating Opportunity: Legal 4 Unit in Thriving Logan Square! ** See Zoning Cert Under Additional Info. Oversized Four Unit Yellow Brick Building with Three Spacious 3Bedroom/1.5Bathroom Units and One 2Bedroom/1Bathroom Garden Level Unit that was Refurbished a Few Years Ago. See 3D Matterport Tour. All Other Units Could Use Some TLC. All the Hardwood Floors Throughout Could Be Sanded and Stained (There is no Carpeting in the Building). All Kitchens and Bathrooms Need to be Updated and All the Units Could Use a New Coat of Paint. Tuck Pointing and Windows are in ok Condition. Update Bathrooms, Kitchens, Mechanicals and Add In-Unit Washer and Dryer to Increase Rental Income. There are no Existing Leases in Place but the 3Bedroom/1.5Bathroom "As-Is" Condition Rentals in the Area are Yielding $1,485/month, See MLS Comp: 3564 W. Dickens (11249042) and the 2Bedroom/1Bathroom Units Rent for $1,100, See MLS Comp: 2435 N Ridgeway (11105990). Check Out the 3Bedroom/1.5Bathroom After Repair Rental Value of 3530 W. Palmer (11188923) Which Rented for $2,100 and the 2Bedroom/1Bathroom ARV of 3645 W Shakespeare (10816181) which Rented for $1,575. All Units Have Front and Rear Entrances. Each Unit Offers High Ceilings and Separate Living Room, Dining Room, and Kitchen. Flat Roof Brick 2 Car Garage. CONSERVATIVE ESTIMATED ARV VALUE: $1,060,000. See Comp: 2535 N Kimball (10877102). Total Projected Annual ARV Rental Income: $2,100x3x12=$75,600 plus $1,575x12=$18,900, totaling $94,500. A Projected 8.9% CAP Rate. START EARNING RESIDUAL INCOME TODAY!
|Active (from New)||–||–|
The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than @Properties are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed.
Listing information last updated on January 21st, 2022 at 2:08pm CST.