Amazing opportunity to own a recently renovated income generating property with a rare coach house right off the 606 trail and the Logan Square/Humboldt Park neighborhoods! The property has a CAP RATE of 9! All three units were updated over the last 5 years and include hardwood flooring in the main living areas, kitchen with quartz countertops, shaker style cabinets, and stainless steel appliances, baths with porcelain tile floors, subway tiled baths, and sleek modern vanities. The first floor unit is a 3BR/1BA rented thru 7/31/22 at $1700/month. The 2nd floor unit is a 2BR/1BA with a large private back deck off the updated kitchen - currently occupied by the owners but would also rent for $1,700/month. The coach house has 3BR/2BA and is currently rented for $1,800 month to month. It offers a large main bedroom with a walk-in closet, spacious living space, and good sized bedrooms. There is a beautifully manicured backyard that is perfect for summertime entertaining or relaxing. Tons of additional storage spanning the entire ground level of both the main house and the coach house. This property has everything renters are looking for and then some! Located close to multiple transit options, cafes, dining, and nightlife. Move right into the top floor unit and let the other two cover your mortgage, or rent all three for an excellent armchair investment with great cash flow! Being sold AS-IS. CLICK THE 3D TOUR LINK AND TAKE A VIRTUAL WALKTHROUGH OF THE UNIT WITH MATTERPORT TECHNOLOGY!
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For more information about 1717 N Albany, Chicago, IL 60647 contact Corcoran Urban Real Estate.
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