Fantastic Investment Property in A+ River West/West Town Location. Full Brick 3 Unit Building with non conforming 4th garden unit. Well Maintained by Long Time Owner. Potential for increased rents and cash flow. The attractive garden unit is a one bed with rear patio space and gas forced heat, Units 1,2 and 3 are 4 room 2 bedroom apartments with eat-in kitchens, gas forced heat and central air with 11' x 10' rear decks and parking. All units are separately metered so the tenants pay their own utilities. Large parking slab at rear can accommodate three tandem parking spaces for total of 6 cars. Keep as income producing building; live in one unit and start your real estate portfolio; renovate over time for maximum rental income. All tenants on MTM leases except garden unit which expires 3/22. 4 units with stable income and creative rents leave room for the next investor to capitalize on this turn key find. Rarely a vacancy in this easy to rent location- short walk to the Blue Line at Ogden/Chicago and quick jaunt to West Loop/Randolph Row. 48 Hour notice required for showings. Property being sold As-is.
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For more information about 1227 W Ohio, Chicago, IL 60642 contact Corcoran Urban Real Estate.
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