Once in a lifetime chance to own a piece of the Chicago history in the prestigious Sheffield neighborhood of Lincoln park just step to DePaul University. Rarely available legal 4 unit building. Next to multi million dollar homes. The opportunities are endless here: 1. Buy and just collect rent, 2. Live in one of the units and rent the rest of them 3. Convert to condos 4. Demolish and build 3 residential units and a commercial space in the favorable B1-2 zoning....more idea? It features 2 spacious simplex 3 bedroom apartments, 1 huge duplex down 3 bed /2 bath unit and a cute coach house. All of them have their own furnaces with gas forced heat and central air conditioning. Tenants pay their own gas and electric. Recently done roof, porch, updated plumbing, electric and bathrooms. $106,800 yearly rents with a lot of room for increase. Additional income from coin laundry. Current cap rate of 5.7% but could easily be more than 6%. Real estate broker owned. Call before it is gone!!!
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For more information about 1021 W Webster, Chicago, IL 60614 contact Corcoran Urban Real Estate.
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Listing provided by Home Realty Group, Inc
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