FULLY RENOVATED 4 UNIT INVESTMENT PROPERTY. AAA+++ LINCOLN PARK LOCATION. $103K NOI, 5.84 CAP & 12.64 GRM. HIGH DEMAND LOW VACANCY LOCATION NEAR WORLD CLASS RESTAURANTS, BARS, SHOPPING AND DEPAUL UNIVERSITY ALL VERY CLOSE. ASSET WAS FORMERLY 4 SEPARATE CONDOMINIUMS WITH INDEPENDENT UTILITIES FOR EACH DUPLEX UNIT. PROPERTY WAS COMBINED INTO SINGLE PIN IN 2020. ALL UNITS RECENTLY UPDATES INCLUDING LARGE UPDATED KITCHENS AND BATHS. EACH UNIT HAS CENTRAL HEAT/AC, WATER HEATER, GAS LOG FIREPLACES AND LAUNDRY IN-UNIT. EACH INCLUDES A TWO-LEVEL LAYOUT: 1F OFFERS A 2020 UPDATED 3 BED 2 BATH, 1R OFFERS A 2020 UPDATED 2 BED 2 BATH APARTMENT; 2F IS A TOP FLOOR TWO-LEVEL 3 BED 2 BATH APARTMENT AND 2R OFFERS AN UPDATED TWO-LEVEL 3 BED 2 BATH APARTMENT. TWO DEEDED PARKING SPACES ARE CURRENTLY INCLUDED AND ARE RENTED BY 2F AND 2R. THERE IS A SMALLER SPACE THAT COULD BE USED FOR A 3RD PARKING SPOT FOR A SMALLER CAR. LARGE REAR YARD. HIGH DEMAND AREA WITH RENTAL GROWTH POTENTIAL. REQUIRED 48 HOURS NOTICE.
Listing courtesy of @properties.
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