Tri-Taylor/Medical District New Construction 3-flat Investment Opportunity. 7.19% Cap Rate, 12.0 GRM. Absolute Turnkey Opportunity for the discerning investor. Located a block from the Western Blue Line entrance and moments from the 290 on-ramp. Area enjoys fast turnaround on rentals, low vacancy rates and excellent rents as it supplies much of the Illinois Medical District and is a great West Loop alternative. Built at grade, all units are 2 bed/ 2 bath complete condo quality design and finish including Stainless appliances, oversized single bowl sink, quartz counter tops, transitional design, stained hardwood floors, separate HVAC, washer/dryers in unit, extra-large showers in the Master bath with handheld & bench. $70,800 Gross Revenue is actual with leases through 2019. Property may be purchase individually or as a portfolio with other non listed sites in the immediate area by the same builder.
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For more information about 2537 W Congress, Chicago, IL 60612 contact Corcoran Urban Real Estate.
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Listing provided by North Clybourn Group, Inc.
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