Brick 5 flat on North Center in a 37 wide lot. This legal "L- shaped" 5 unit property has (3) 2 bed/1 baths in the front bldg (Garden, First and Second) and (2) 1 bed/1 baths (First and Second Floor) in the back... PLUS a 2 car garage This long term owner is ready to sell. The 3 front units are vacant and the 2 rear units are occupied and under rented on MTM leases at $825 and $900/mth. More of a "value added" Play vs a stabilized building. Being Sold As IS. With updates to the bldg and units rents are projected as follows : $1,750 for units 1F and 2F, $1,200 for Garden, $1,450 for 1R and 2R, $300 for Garage and $100 for Laundry. Projected rents and expenses post stabilization. Assuming $25,000 per unit investment and expenses @ 30% the bldg is a 6.7 CAP Post Rehab
Property Map
Please use the print button to include maps when printing.
For more information about 2422 W Warner, Chicago, IL 60618 contact Corcoran Urban Real Estate.
Broker Reciprocity
Listing provided by @properties
All information provided is deemed reliable but is not guaranteed and should be independently verified.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Midwest Real Estate Data LLC. Real estate listings held by brokerage firms other than Urban Real Estate are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.