Ideally located just steps from Humboldt Park, this rare income property features an oversized all-brick building on an extra-wide and extra-deep 30 x 130 lot in one of Chicago's most dynamic neighborhoods, where rents are surging and investment momentum continues to accelerate. This fully leased investment property generates $107K in annual rent delivering strong, reliable cash flow from day one. All units have been extensively renovated within the last 2-7 years, featuring modern kitchens and baths, drywall, copper plumbing, and conduit electrical. Two front units boast fantastic private balconies, while two rear units feature enclosed porches that are ideal for additional storage or flexible living space. All four conforming, have separated utilities, gas forced-air heat, and central AC, & are fully leased. The garden unit is a value-add opportunity. Three-car parking pad on-site, with one space currently unrented allowing for easy additional income. Strong Cash Flow, Quality Bones, & Highly Renovated. This is a rare opportunity to own a high-performing asset in a corridor with genuine momentum, before the market catches up.
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For more information about 3245 W Division, Chicago, IL 60651 contact Corcoran Urban Real Estate.
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