BRICK 4-UNIT BUILDING in an A+ LOCATION in the HEART OF WRIGLEYVILLE! This building is a money making machine! With current approximate rents of over $127,800 per year and a 7.4 CAP Rate! All units are large and have recently updated kitchens and baths and building has a new roof installed in 2019. Unit 2 is a licensed AirBnb and generates $48,000 in yearly income alone! AirBnB applications are pending on remaining units with estimated potential gross rents of $184,000 per year or more. Garage is rented via Spot Hero and generates on average $750 per month and could be turned into outdoor space parking to increase the number of rentable spaces and further increase revenues from parking. Great management company in place already for the building and AirBnB rentals and they would remain in charge of building is so desired. Fantastic location! Steps from restaurants, shopping, Wrigley and just 3 Blocks to the Redline "L" and a short distance to the Lakefront and express bus to downtown you can't have a more easy-to-rent location than this! All units are currently furnished and furnishings would be included. Private, gated backyard and on-site laundry! Great turnkey investment owned by long-term owner wishing to retire from business.
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Heating Gas, Forced Air, Hot Water/Steam, 2+ Sep Heating Systems
Water Lake Michigan, Public
Garage Door Opener(s), Garage On Site, Owned
Lake View High School, Blaine Elementary School, Blaine Elementary School
For more information about 1151 W Waveland, Chicago, IL 60613 contact Urban Real Estate.
Listing provided by Baird & Warner
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