Perfect opportunity for an investor or an owner who would like to live on a gorgeous tree-lined street, steps away from Palmer Square in a beautiful, classic Chicago, ~1,950SF living space, and to collect rents from three other large beautiful units. Each unit has three-bedrooms, two-bathrooms, separate (large) living rooms, dining rooms, and kitchens, and sun rooms. 2155 N Spaulding has been beautifully maintained, with the garden & first floor units rehabbed. There is a charming front yard, common area patio space, and a three car garage. There is upside opportunity to increase income easily with currently below market rents. Greater upside could be achieved in this booming location with a zoning change and converting the property to 6-8 units. For reference, 2bd/2ba units at about 950SF in the area rent for $2,000-$2,200/mo, suggesting an upside possibility of $211,200 in annual gross rents!
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For more information about 2155 N Spaulding, Chicago, IL 60647 contact Corcoran Urban Real Estate.
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