Turn key, stabilized, and fully occupied 6 unit in thriving East Humboldt Park on border of Wicker Park/Bucktown. Complete rehab took place about 10 years ago where all bathrooms, kitchens, and floors were re-done. Central Air, forced air heat, and W/D for each unit which lends itself to high rentability, low vacancy, and low operating costs, since the tenants pay their own utilities al 3/6 enjoy private outdoor space in the back porch. The envelope of the building is also in great shape and requires little to no deferred maintenance as the roof was a tear off, tuck-pointing was done, copper plumbing was installed and 400 amp electrical service with circuit breakers were installed roughly 10 years ago. All tenants are on yearly leases and playing close to market rent, however exists the potential for some increase particularly by combining the 1st floors with the lower level creating a duplex down. Building could be solid candidate for developer looking to convert to condos. It is all about location as you can walk to the Western Ave blue line to take you to O'hare airport or the central business district. I90/94 takes you to the suburbs or downtown. Easy access to the central business district will be great as Google begins to occupy what was once the Thompson Center in the heart of downtown. You are hidden from the hustle and bustle yet steps away from all boutique shops, restaurants, and liveliness these quirky and hip neighborhoods have to offer.
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