This property has been gut rehabbed and is ready for an owner-user or investor to take over! 1824 W Hood Ave sits on a 40x100ft lot and features all new copper plumbing, brand new electric, new water heaters, individual HVAC, in-unit washer/dryer, updated interior finishes and a brand new garden unit. It is a legal 2-unit, but the garden unit is extremely nice and would be a great place to live. Garden unit is a 2br/1ba, 1st floor is a 2br/1ba, & 2nd floor is a 3br/1ba. Additionally, the property features enough parking spaces for up to 8 cars - perfect for your tenants and definitely something that could be rented out to other people in the neighborhood for additional income. The property will be delivered vacant, but at rent estimates, this property will be operating at over a 7% cap rate. Gross rents at ~$80,000 once fully rented out and with utilities separate, expenses are low! OM available upon request. Come check it out!
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For more information about 1824 W Hood, Chicago, IL 60660 contact Corcoran Urban Real Estate.
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Listing provided by Horvath & Tremblay IL, LLC
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