Fully gut-renovated in 2017, this well-maintained 3-flat in West Town is a smart, income-producing asset with a projected $108,000/year in rental income and an estimated 8% cap rate. Each of the three 2 bed / 2 bath units features open-concept living, quartz countertops, white soft-close cabinets, subway tile backsplash, West Elm lighting, hardwood floors, and in-unit laundry. Two of the three units currently tenant-occupied. Tenants pay gas and electric, keeping expenses low. Updates include all new mechanicals, HVAC, windows, and rear porches in 2017. Two exterior parking spaces (one leased and one vacant) and dedicated storage rooms for each unit in the basement add further value. Located steps from Eckhart Park and walking distance to Chicago Ave shopping, dining, nightlife, and the Blue Line. Quick access to 90/94, Fulton Market, the Illinois Medical District, and upcoming developments like Bally's Casino and the United Center expansion. This is a smart, stable, and stylish income-producing property in a high-demand neighborhood with plenty of future upside. Reach out for rent roll and full financials-opportunities like this don't last!
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For more information about 1242 W Huron, Chicago, IL 60642 contact Corcoran Urban Real Estate.
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