Fantastic opportunity for investment in Mayfair neighborhood of Chicago. Legal Two Flat Brick Building. In law arrangement in basement. Neither seller nor agent represents legality of garden unit. Each unit has separate: furnace, central air conditioning, hot water tank, gas and electric. ALL UNITS ARE RENTED. Two units (garden and 2nd floor) are updated and one unit (1st floor apartment)has not been updated. GARDEN UNIT is an updated four room apartment with 2 bedrooms and 1 bathroom. Kitchen with granite countertops and stainless steel appliances. Nice full bath with soaking tub. Can lights and vinyl floors. Rented with 1 year lease starting October 1st 2022, for $1,300/month. All utilities are paid by the owner. UNIT #2 NOT UPDATED first floor level. Large 6 room apartment with living room, formal dining room, large kitchen, 2 bedrooms and bonus room which can be used as 3rd bedroom or office. This unit is not updated. Rented for $1,275/mo with lease expiring at the end of February 2023, plus $100/month for the 2 car garage. All utilities are paid by the tenant. UNIT #3 UPDATED second floor level. Outstanding 6 room apartment, featuring living room, separate dining room, 2 bedrooms, 1 bath and bonus room which can be used as 3rd bedroom or office. Rented with one year lease starting October 1st 2022 for $1,550/mo. All utilities are paid by the tenant. Laundry room in the basement with coin operated washer and dryer. Detached 2 car garage and easy street parking. Upgrades: *2020 New Rubber Roof, New 40 gallon hot water tank for garden unit/common area and 2nd floor unit. *2019 updated garden unit and 2nd floor unit, new dishwasher 2nd floor unit, new appliances (fridge, stove, microwave) for garden and 2nd floor unit. *2018 new windows, new concrete patio, new commercial coin based washer & dryer, new furnace garden unit, new central air conditioning all 3 units. Extra income $250 per month from the garage and coin laundry. Close to shopping and public transportation. Easy access to downtown Chicago and suburban areas. Don't miss this great opportunity.
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For more information about 4848 N Tripp, Chicago, IL 60630 contact Corcoran Urban Real Estate.
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