$850,000
Beautiful 3 flats grey stone building with 2 garage parking spaces locates in the emerging Bronzeville neighborhood. It is right across from the Green Line train station, 12 minutes drive away from downtown and 6 minutes drive away from the University of Chicago. Good condition finishes and fully occupied with credible tenants, Long term history fully occupied record. Leasing is never an issue. The owner has a strict background checking process to select the tenants. And the garage is used by the seller, so the new owner can rent them for additional cash flow. Ture 7% cap rate, 15%+ IRR for 10 years, and 20% turnkey building. 6% cash on cash return after debt payment! Good Deal
Beds & Baths
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Parking
4734 Prairie Avenue, Chicago, IL 60615 — 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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