Old Irving Park Brick 3 story, fully occupied, vintage finishes, very clean and well-maintained Building! Property is a tremendous Value Add opportunity as long term hold or trophy asset in highly appreciating Irving Park neighborhood. Total of 17 apartments plus 1 non-confirming studio. 17 units are 1bed/1bath rented between $900-$925 and one Studio rented at $800. Rents could be higher, the tenants pay for their own heat and electric. Long term owner has performed regular maintenance: roof is only 4-5 years old, the water heaters are 4-5 years old, tuck-pointing was done about the same time, 4-5 years ago. The owner pays for the hot & cold water, property taxes, insurance, trash, gas for the hot water and laundry, electric in the common area. 9 units have furnaces on gas, 9 units have electric radiators, tenants pay for the usage. The monthly laundry income is $230-$240. Superb location! The property is located 1/2 block north of Irving Park, at the middle distance between the Independence Park & Horner Park, and minutes distance to McFetridge Sports Center with Ice Rink, Revere Park and tons of excellent restaurants, bars, coffee shops, etc. Don't miss out, this will sell quick!
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For more information about 4035-37 N Central Park, Chicago, IL 60618 contact Corcoran Urban Real Estate.
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