Find Property | Real Estate
Price: | 2,290,000 |
Type: | Multi Family 5+ |
Cross Street: | N.Clybourn Ave |
Lot Square Feet: | 125 X 60 |
Remarks
**OUTSTANDING AND METICULOUSLY MAINTAINED 13 UNIT BRICK BUILDING IDEALLY LOCATED IN THE HEART OF THE NORTH PARK NEIGHBORHOOD!** EXEMPLARY BUILDING CONDITION+STRONG AND GROWING CASH FLOW+WONDERFUL TENANTS MAKE FOR A SUPERIOR INVESTMENT THAT IS CONVENIENT TO MANAGE! OVERSIZED, UPDATED 1 AND 2 BEDROOM UNITS THAT ARE FULLY RENTED BY CONSCIENTIOUS AND AMENABLE LONG-TERM TENANTS AVERAGING 10 YEARS OCCUPANCY ARE AMONG THE MANY SUPERIOR FEATURES OF THIS *TURNKEY PROPERTY*. BRIGHT, SPACIOUS FLOOR PLANS WITH ALL HARDWOOD FLOORS INCLUDE FORMAL LIVING AND DINING ROOMS, UPDATED EAT-IN KITCHENS WITH WALK-IN PANTRIES, FULL BATHROOMS, LARGE BEDROOMS AND PLENTIFUL CLOSETS. EACH APARTMENT HAS A LARGE ADDITIONAL STORAGE UNIT AS WELL AS COMMON LAUNDRY AND BIKE STORAGE. IMPROVEMENTS INCLUDE A NEW TEAR-OFF ROOF (2016), TUCKPOINTING, NEWER REAR PORCH AND STAIR STRUCTURE, NEWER HOT WATER SYSTEM, NEWER WINDOWS, AN EFFICIENT WEIL-MC CLAIN SERIES 2 BOILER W/NEW TEMPERATURE CONTROL/MONITORING SYSTEM CONVENIENT ALL UNIT ACCESS SYSTEM AND MORE! TENANTS PAY ELECTRIC AND COOKING GAS. THE ANNUAL RENT INCREASE PROGRAM STRENGTHENS ALREADY STRONG CASH FLOW AND PROFITABILITY. NEAR THE NORTHEASTERN ILLINOIS UNIVERSITY CAMPUS, PARKS, SHOPPING AND RECREATION. VERY CONVENIENT TO PUBLIC TRANSIT - METRA, CTA BUS ROUTES AND BROWN LINE, THE EDENS EXPRESSWAY. SCHEDULE YOUR SHOWING APPOINTMENT TODAY!