$466,500

2007 gut-renovated, 4-unit former condo building in hot East Garfield Park! Excellent cash flow opportunity with significant rental upside. Three 6 bed / 2 bath units in front building plus full unfinished basement. All bedrooms fit full/queen size beds + closets, large living area, separate dining room, separate kitchen, and rear porch. One 3 bed / 1.5 bath duplex coach house. All units rented at under market value & CHA pays 100% of rent. Copper plumbing, updated electric, individual gas-forced heat, individual hot water tanks, and in-unit laundry hookups (3rd floor has AC condenser on roof). One current vacancy on 3rd floor for showing purposes. See attached or request offering memorandum for full financials. Ready for quick sale: all previous building violations cleared in March 2020 + recent updates/renovations. 11% cap rate based on in-place income; 12.6% cap rate based on conservative pro forma rental rates. Ownership has strong preference for quick sale and previous ownership experience in area.