Famous Old Town-Rare find significant 3 UNIT GRAYSTONE w/beautiful curb appeal. Almost 5000 Sq Ft of living space, Lot (25x123), RT-5 Zoning (can expend w/2 multiplier). Building was gutted & rehabbed 30 years ago w/full replacement & improvements of structural, plumbing, electric & mechanic. **1st fl, owner occupied, is dplx down, over 2000 SqFt w/2 full huge Bths, 2 fireplaces,. /can be rented for $3,600+ / mnth. **2nd & 3rd units are identical: 2/1, laminate floor, Fireplace, spacious w/lots of light...Tenants pay all utilities! Current Gross Income, if owner unit is rented, will be around $100,000/with some improvements Gross Income can be $30K-$40K higher. Bldg is ideal for 3 condos/Duplex down & duplex up/, convert to SF home or keep it as high end investment. Condos in the area sell for over $1 Million, SF for a few Millions. Laundry in the basement, 2 Car garage/can bring extra Income/. Beautiful secular yard. Bldg is well care for, however, long time owner prefers AS-IS sale.
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For more information about 1502 N Cleveland, Chicago, IL 60610 contact Corcoran Urban Real Estate.
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