$1,180,000

1312-14 E. 62nd St, a rarely available six (6) unit, center entrance walk-up located just outside of Hyde Park in Chicago's East Woodlawn neighborhood. The property is located just blocks from the prestigious University of Chicago and the construction site of the future Obama Presidential Library, 1312 E. 62nd St is comprised of four (4) 4Bd/1.5 Ba and two (2) 3Bd/1.5Ba units. All units feature incredibly spacious layouts with updated kitchens and baths. Throughout the years, the building has undergone extensive renovations consisting of, but not limited to: 100% copper plumbing , 600 amp electric service w/ in-unit breaker boxes, individual furnaces, newer porch, newer roof, newer windows and an abundance of cosmetic updates. 1312 E. 62nd St presents an investor the opportunity to acquire a rarely available and highly desirable building in one of Chicago's best neighborhoods. From day one, a new owner will benefit from an incredibly stable and long term tenant base. However, with most of the building's current rents being substantially below current market levels-there is a tremendous amount of value to be added solely by stabilizing rents to levels already being achieved in the building