1044 W Montana St , Chicago, IL 60614
Rarely available investment opportunity, this high rent 5 unit building is a money making machine. Keep as an armchair investment property, building running smoothly just keep high rents coming. Absolutely no expected vacancies due to prime location. Units have many updates including copper plumbing lines, renovated kitchens, updated gas forced air HVAC systems and separate utilities. Add this to your portfolio, front first and second floor units provide over 1,100 square feet each. Coach House units are also large with tall ceilings and spacious rooms. Room to improve rents without having to do major renovations. Building has over 6.5% cap rate potential. Just steps to DePaul University, Brown/Purple/Red Fullerton stop, restaurants and shops.
1st Floor-Front Unit
Living Room
This unit has tall ceilings and windows.
Dining Room
Separate dining room with tall, west facing windows that allow for abundant natural light.
Kitchen
The large kitchen has room for a breakfast table or prepping island.
Bedroom
All three bedrooms in this unit have space for a queen size bed and each has a deep closet.
Bathroom
This bathroom has white subway tile.
2nd Floor-Front Unit
Living Room
Each apartment has separate utilities including gas forced air and central a/c.
Dining Room
The carpet has been recently replaced and apartment freshly painted.
Kitchen
This kitchen has its’ own washer and dryer in unit.
Bedroom
Bedrooms are large with plenty of space for a desk and queen bed.
Bathroom
2nd floor front unit bathroom.
Coach House
Coach house shown here features 2 separate spacious apartments and a laundry room for tenants.
2nd Floor Coach House Unit
Living Room
Spacious living room with large windows and a ceiling fan.
Kitchen
Bright and spacious kitchen with an eating area.
Bedroom
Large bright bedroom.
Bathroom
2nd Floor coach house bathroom.
1st Floor-Coach House Unit
Living Room
Notice the tall ceilings in this coach house unit.
Kitchen
Spacious kitchen has ample space for an eating area.
Bedroom
All bedrooms are bright and spacious.
Bathroom
1st Floor coach house bathroom.
Garden Unit – Front Building
Living Room
Large living room with wood trim.
Kitchen
Garden unit kitchen with enough space for an eating area.
Bedroom
Garden unit bedrooms are good sized.
Bathroom
Garden unit bathroom has a newer vanity.
Additional Features:
Tenants pay all separate utilities
Prime location, 1 block from DePaul, Brown, Red and Purple Line
Close to all restaurants and shops
Quiet tree lined street
Large units with spacious bedrooms
Extra Large kitchens and living areas
Tall Ceilings and Tall windows
Garden unit with two entrances
2 Laundry rooms
Front/Main building and Coach house have separate entrances
Courtyard in between Main building and coach house, ideal for common outside seating
Owner has little to none vacancies due to superb location
New siding on front building
New roof on Coach house
High Cap rate on desirable neighborhood
Contact Information:
Please contact Gary Lucido at 312 738 0232 for a showing. Click here to see our other Chicago Area Homes for Sale.