Property is a great fit whether it is for an owner occupant or pure investment purposes. Turnkey investment property with modern updates (brick building) and stabilized rent - OVER 7% CAP RATE AT CURRENT RENTS - CASHFLOW OVER $1800/month | Unit 1F - 2 bed/ 1 bath - rented at $1525 - long term renters with lease that ends summer 2022 | Unit 1R - 3 bed / 1 bath - rented at $1695 - long term tenant rented through summer 2022 | Unit 2 - 3 bed / 1 bath- previously rented at $2120 (currently vacant). Property has been meticulously cared for and maintenance is very minimal. This building checks all the boxes for tenants. Every unit has stainless steel appliances, dishwasher, washer/dryer in unit, HVAC (central air) & separate water heater. Kitchens feature granite countertops and beautiful islands. All bedrooms have a closet and can fit a queen size bed with a dresser. Freshly tuckpointed building with new window lintels. 2 car garage at property and 1 exterior spot. Building is located in an ideal spot that is close to public transportation and highway, but also in a quieter neighborhood (Avondale/Old Irving Park/Villa District). Low building expenses (all units have separated utilities) | NOI is $52,412 Note: All units are above grade, meaning no garden units and easy to rent.
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For more information about 3943 W Addison, Chicago, IL 60618 contact Corcoran Urban Real Estate.
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