Asking Price: $574,850
Closed Price: $534,075
Closed Date: Dec, 13 2019
Rarely available 9% cap rate investment! This well maintained 3 unit property in HOT Irving Park is a money making machine. Keep as an armchair investment property, building running smoothly just keep high rents coming. Absolutely no vacancies due to prime location. Units have many updates including renovated kitchens and bathrooms, updated gas forced air HVAC systems, tankless water heaters, separate utilities and modern mobile payment operated laundry room. Add this to your portfolio or ideal owner occupied opportunity. Long term tenants, room to improve rents without having to do major renovations. Building has over 9% cap rate potential. Walk to public transportation, Blue Line, restaurants and grocery store. Total annual income includes Garden unit rent. Garden unit has two entrances. Building Zoned as 3 units. Owner and Listing office do not represent legality of garden unit.
Listing provided courtesy of Lucid Realty, Inc.. Information Deemed Reliable but Not Guaranteed. Copyright © 2020 Midwest Real Estate Data LLC