Introducing a rare and exceptional investment opportunity in one of the nicest areas of Logan Square! This fully-occupied, cash-flowing legal 3-unit property with 2-car garage is a proven income generator with a solid cap rate over 6%, making it an ideal addition to any investor's portfolio. The property is comprised of two 3 bedroom, 1 bathroom + den units (currently set up as 4 bedrooms), as well as one 2 bedroom, 1 bathroom garden unit. All three units feature hardwood floors, recessed lighting, gas forced heating, and updated kitchens with stainless steel appliances, white cabinets and granite counters. Units 1 & 2 have private rear decks, and there is also a large backyard and on-site laundry. Newer front deck, electric & plumbing. Adding to the property's appeal is the 2-car garage, providing ample parking and storage space for tenants, as well as the opportunity for additional income. Perfectly situated in prime East Logan Square only a couple blocks from Bucktown, this stunning property is surrounded by a vibrant mix of popular cafes, trendy boutiques, and tons of great dining, shopping & nightlife. Just moments from both the CTA Blue Line and the 606 Trail, this location offers convenience and accessibility to the entire city, while being immersed in the neighborhood's thriving culture. With a strong rental history and consistent demand, this property will provide a steady cash flow for years to come. Don't miss your chance to capitalize on this incredible opportunity in one of Chicago's most sought-after neighborhoods!
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For more information about 2714 W Armitage, Chicago, IL 60647 contact Corcoran Urban Real Estate.
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Listing provided by Redfin Corporation
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