2237 N Clifton

Chicago, IL 60614

1/2 block from DePaul. Going rate for DePaul rentals are $900s for a bedroom and $750 for a small bedroom. Easily could gross $103,200 with low expenses (5,850 a year). Taxes also successfully argued and lowered. Do a little work and could easily get more $$$$. This is a Legal 3-Flat with a duplex down and 2 simplex units. The building is taller than the buildings to the south therefore all south facing windows from unit 3 have downtown views. Seller has not increased rents in cases since 2004. Highlights: 1) 1 duplex-down with 4 bedrooms and 2 baths; 2) 2 simplexes with 2 or 3 bedrooms and 1 bath; 3) rents have not been increased in years; 4) current leases are month to month; 5) Each unit has separate HVAC thus tenants pay utilities; 6) Each unit has its own laundry; 7) 2 car garage; 8) top floor has city views; 9) Zoning is Rt 4; 10) All brick building; 11) Very close to DePaul. If the market turns multi-unit will always have a renter base as it is 1/2 a block from DePaul University