LOGAN SQUARE: Rarely available beautiful vintage brick 4 flat on oversized Chicago lot in a phenomenal Logan Square location with very good bones! This building generates over $80,000 in gross income per year, and the current owners have successfully year after year appealed the Real Estate taxes downward. This is a very rare opportunity to own a profitable massive 5250 sq ft building, with an additional 2500 sq ft basement. The basement provides the buyer with interesting and possible expansion abilities under the recently passed City of Chicago Additional Dwelling Units (ADU) Ordinance. Two more ideas may be to duplex the first floor 3 bedroom down to the basement, or to convert all units to condos. Original built in fireplaces, hutches and ornate tiled entry flooring. Entire property gated in with front yard professionally landscaped and a nice concrete back patio for relaxing and BBQs. Turnkey rental property with all four units rented with leases: two 3 bedroom and 1 bath, and two 1 bedroom and 1 bath. All 4 units have walk in closets and pantries with built in drawers. There are separate stairwells for the front and back units and both include huge enclosed back porches. Coin operated washer and dryer generates $100 per month and the two car garage brings in $350 per month. Tuckpointed in 2015, Concrete Patio added in 2012, New front door in 2011, Roof completed in 2009, and New side porch 2008. Walk to CTA Blue Line, Beautiful Neighborhood Parks, Grocery Stores, Restaurants & Nightlife! Agents to accompany all viewings. Floor Plans attached on MRED.
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For more information about 3319 W Belden, Chicago, IL 60647 contact Corcoran Urban Real Estate.
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Listing provided by Coldwell Banker Realty
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