Perfect investment or owner-occupant opportunity in this lovely EXTRA-WIDE 30 x 125 lot greystone 2-flat + garden unit with 2-Car garage on fantastic street steps to Wrigley & heart of Southport Corridor. Zoned R3.5. This meticulously maintained 2 flat boasts hardwood floors and woodwork with charming vintage details. The first-floor unit is a spacious 2 bedroom/1 bathroom unit with a living room, separate formal dining room, full bath, kitchen with built-in butler pantry, and in-unit washer dryer. Unit 2 offers a 3 bedroom/1 bathroom floor plan with hardwood floors, spacious living room, separate formal dining room, kitchen, and in-unit washer dryer. The garden unit offers 1 bedroom, full bath, living room, and kitchen. Additional features include central HVAC, rear deck, backyard, and 2-car garage. Easy-to-rent Wrigleyville location with close proximity to CTA Red/Brown/Purple Lines, multiple bus lines, Lake Shore Drive, Belmont Harbor, Whole Foods, and all of the amazing shops, restaurants, and recreation activities Wrigleyville/Southport Corridor have to offer. All units currently rented with $68,700 in gross rental income and $53,352 in net rental income. 7.6% cap rate! Note: Seller is licensed Chicago Broker. Neither seller or listing agent represent the legality of garden unit.
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For more information about 1243 W Newport, Chicago, IL 60657 contact Corcoran Urban Real Estate.
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