Enormous cash cow building with room to grow. 4 units, back deck & garage roof deck over 2 car garage. Perfect for investor or owner occupant because of the 2-level, 3 bed 2 bath duplex. Rent has much potential to be raised! Updated kitchens and baths. Dishwasher in each unit. Full sized in-unit laundry in duplex. Central heat in all units. Central A/C in 2 rear units. Window A/C in 2 front units. Huge full unfinished basement with 2 washers, 2 dryers, plenty of storage. Foundation rebuilt 5yrs ago. Kitchen plumbing stack replaced this year. Building has a front and a side entrance which provides all 4 units with a front and back door. 2 Garage spaces have been rented out to non tenants at $170/month each, expiration 4/30/2020. Annual Expenses- Insurance $2100 Water $1350 Electric $300. Other expenses- snow removal, cleanup, filter changes, furnace maintenance, fighting taxes, general maintenance $8,500. Total expenses incl. taxes 28,983.87. Gross income 83,460. Net income 54,476.
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For more information about 1421 W Fletcher, Chicago, IL 60657 contact Corcoran Urban Real Estate.
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