About The Property

Excellent investment opportunity in a desirable Northwest Chicago neighborhood. This fully leased, well-maintained building generates $3,500 per month in gross rental income ($42,000 annually), with an estimated net operating income of $26,613.52 and a current cap rate of approximately 5.91%. With only a modest 10% increase in rents, the cap rate would exceed 6.5%, presenting strong upside potential. Additional income is generated from the basement coin laundry (one washer and one dryer), producing approximately $400-$500 annually. Recent improvements include a new roof (2019), new front porch (2019), garden unit remodeled (2018), and Unit 1 remodeled (2020). The property features hardwood floors in the first and second floor units, separate furnaces, and separate electric meters. UnitsRead MoreRead Less
Courtesy of Jameson Sotheby's Intl Realty [email protected]
Listing Snapshot
Days Online
53
Last Updated
Property Type
Two To Four Units
Beds
5
Lot Size
0.12 Acres
Year Built
1921
MLS Number
12645662
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Additional Details

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Basement
"Finished", "Full", "Walk-Out Access"
Building
Construction Materials: "Aluminum Siding", "Frame", Built in 1921, Rebuilt: No
Expenses
Electric: 120, Fuel: 50, Insurance: 3672, Water/Sewer: 90
Exterior Features
Patio: "Patio"
Fence
"Fenced"
Heating
"Natural Gas", "Forced Air"
Lot
0.12 acres, Dimensions: 5391
Roof
"Asphalt"
Sewer
"Public Sewer"
Utilities
Water Source: "Lake Michigan", "Public"
Taxes
Annual Taxes: $9,044, Year: 2024, Exemptions: None
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30 Days Snapshot Of 60634
$432k
-1%
(avg) sold price
42
-19%
homes sold
16
-30%
(avg) days on market
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Monthly Payment
$0

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