About The Property

Legal-4 unit building in an appreciating corridor of Logan Square with significant cash flow in-place. The building sits immediately west of Palmer Square and Kedzie Boulevard with recent, nearby new build single-family home sales under contract near $1.5 million. The existing rent roll comprises $84,120 of revenue or a 9.2x gross revenue multiple on in-place income. Additional revenue can be creted by (i) marking the existing rent roll to market, (ii) adding a parking slab with three exterior stalls at the rear of the building, and (iii) creating a small outdoor garden/amenity area in the existing gravel yard at rear. This value-add is projected to result in $96,200 ofRead MoreRead Less
Courtesy of Essex 312, LLC [email protected]
Listing Snapshot
Days Online
9
Last Updated
Property Type
Two To Four Units
Beds
9
Year Built
1897
MLS Number
12502469
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Additional Details

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Basement
"Crawl Space", "Partial"
Building
Construction Materials: "Vinyl Siding", Built in 1897, Rebuilt: No
Expenses
Electric: 480, Insurance: 2340, Maintenance: 4000, Water/Sewer: 1920
Heating
"Natural Gas"
Lot
Features: "Corner Lot", Dimensions: 3052 SF
Parking
Parking included in price, Parking Total: 4, "Unassigned", "Off Street", "On Site", "Owned"
Roof
"Asphalt"
Sewer
"Public Sewer"
Utilities
Water Source: "Lake Michigan", "Public"
Taxes
Annual Taxes: $5,625, Year: 2023, Exemptions: None
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30 Days Snapshot Of 60647
$634k
-6%
(avg) sold price
32
+18%
homes sold
17
+30%
(avg) days on market
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Monthly Payment
$0

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