Large corner L shape 9 Units Building in rapidly appreciating Belmont Cragin. All 9 above the ground 1st and 2nd floor units are All 1 Bedroom Apartments. 2 additional Garden units in the basement have 2 Bedroom each (currently vacant). Each apartment unit has its individual furnace as seen on photo. Whole Building has 10 separate gas meters and 11 separate electric boxes as seen on photo. Based on info from the owner: Roof was done in 2017 and well maintained. Water tank newer (2014). 3 car garage can yield extra income. Current rents are lower than regular market rents for the area (minimum rents for the area are actually $ 850 and can be easily rented as 2738 Lockwood #1 got just rented for $ 850) due to stable long term tenants but with potential to be raised. Great and rare income producing investment property.
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For more information about 2736 N Lockwood, Chicago, IL 60639 contact Corcoran Urban Real Estate.
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