$845,000
Well-maintained investment 3-flat straddling both the Lincoln Park and Lakeview neighborhoods. Walking distance to DePaul University, Lincoln Ave restaurants and Diversey CTA Brown/Purple "L" stop. 1st and 3rd flr apartments consist of 2-bed and one-bath each, approx 855 and 925 SF, respectively. 2nd flr apartment contains great sunny eat-in kitchen and three-bedrooms and is only unit without central air. All units have hardwood floors, high ceilings, modest kitchen and bath upgrades, and tenant-paid utilities. Recent cap improvements include tuck pointing, gutters, vinyl siding and newer windows. Additional income generated from the 2.5 car detached garage. Increase rents to market rate and/or duplex up into attic for more upside (some rents haven't changed for 7+ years). Simple value-add opportunity by renewing leases this summer! Tremendous owner-occupied opportunity as well. Expenses conservatively underwritten-Actual operating costs are less.
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1248 Diversey Parkway, CHICAGO, IL 60614 — Cook County
IL License 475.178467 · (847) 810-8438
* Estimated payment only. Actual rates, taxes, and insurance may vary. Contact a lender for a personalized quote.
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