One-of-a-kind building with a unique floorplan. All 7 units are duplexed both up & down, across three levels. Unit mix composed of (3) 3 bed/1.1 bath, (3) 2 bed/1.1 bath, & (1) 2 bed/1 bath. All 2 bedrooms have a bonus family room with 3rd bedroom potential, which is a huge bonus in the "work from home" times. 6 parking spots. Individual utilities leave open the possibility of future condo conversion. Fully leased with one-year leases for 5 units & 2 units coming for renewal. $250K worth of upgrades include a new roof in 2017, a new front porch in 2016, & 1 new boiler in 2016. Strong cash flow in current form, with base figures taken from current rent roll & actual expenses. Short-term upside potential with pro-forma figures based upon projections after straightforward value adds to kitchens & bathrooms. A long-term potential upside for condo conversion and/or converting 2 bedroom bonus rooms to a full third bedroom. Montrose bus stop at the corner, short distance to a daycare, Smyser Elementary & Wright Comunity Colledge & Harlem Irving Park Mall only 1.5 miles away. Must see!
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For more information about 4407 N Moody, Chicago, IL 60630 contact Corcoran Urban Real Estate.
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