Rarely available 6.8% cap rate investment just steps to DePaul University and Brown/Purple/Red Fullerton stop with Oscar Mayer attendance! This well maintained 5 unit property, taxed as a 4 unit property, is a money making machine. Keep as an armchair investment property, buildings running smoothly just keep high rents coming. Absolutely no vacancies due to prime location. Units have many updates including copper plumbing lines, renovated kitchens and bathrooms, updated gas forced air HVAC systems and separate utilities. Add this to your portfolio, front building First and Second floor units over 1,100 square feet each. Garden unit ceiling height over 7 feet tall, Coach house units are also large with tall ceilings and spacious rooms. Room to improve rents without having to do major renovations. Building has over 7% cap rate potential. Surrounded by restaurants and shops with a walk score of 95. Total annual income includes Garden unit rent. Garden unit has two entrances.
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For more information about 1044 W Montana, Chicago, IL 60614 contact Corcoran Urban Real Estate.
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Listing provided by Lucid Realty, Inc.
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