Updated, legal, all brick 3 flat offering a 7%+ cap rate just steps to The 606! Offering individual central heat, central AC, in-unit laundry, and private outdoor space with each unit, this property is always in demand and has experienced virtually zero days of vacancy in the last 7 years. The english garden unit is a 2Br/1Ba with huge windows and the highest ceilings in the building. The middle and top floors are both 3Br/1Ba units. All units have comparable finishes and are in comparable condition. All units are presently rented and generate $58,500 annually in gross income. These rents are below fair market value due to all tenants being long-term and extremely high quality. The building has been maintained and repaired annually, and is ready for its next owner. In addition to the private outdoor spaces, the property also has shared front and back yard areas, as well as a 2 car garage (each space is rented by one of the tenants in the building). All units are on separate utility meters and tenants pay all utilities except water. Incredible Logan Square location less than 1/2 block to The 606. Easy access to the Armitage corridor for dining and nightlife, and all the activities Logan Square and Humboldt Park have to offer.
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For more information about 1832 N Central Park, Chicago, IL 60647 contact Corcoran Urban Real Estate.
Listing provided by Redfin Corporation
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