6.95% CAP RATE IN LINCOLN PARK. A 4-unit multi-family building, just west of the DePaul Student Campus. The property sits on an extra-long lot (approx. 25'x150') and was gutted down to the studs and rebuilt as practically a new construction building. The new units, that live like four single-family homes, demand significant rents making this property produce above market returns. The property is comprised of two (2) 3 Bed/2 Bath Duplexes, one (1) 3 Bed/3 Bath Duplex and one (1) 4 Bed/3 Bath Duplex. Each unit features an open floor plan, hardwood floors, stainless steel appliances, quartz countertops, dishwasher, built-in microwave, and in-unit laundry. Since all four units are large duplexes, this investment is also a great candidate for a live-in owner.
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For more information about 2509 N Clybourn, Chicago, IL 60614 contact Corcoran Urban Real Estate.
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