Classic Chicago center 8 Flat. Located just off the Argyle Shared Streetscape project. Building fully renovated to Condo Conversion level 8 years ago. Just runs. Big units. Eight total units. ALL 3Brs/2Ba. Two of the Eight units are Gardens with lots of light, only a couple steps down, high ceilings. Possible condo conversion project. 2021 Gross Income was $219K and expense ratio was 33%. Net Operating Income was $145K. New leases are far outperforming existing tenant renewal rates. New Rent Roll Available. Pro Forma Gross Rents (using current rent roll) is $232K a year. True 6+ cap.
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For more information about 4927 N Winthrop, Chicago, IL 60640 contact Corcoran Urban Real Estate.
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Listing provided by Silver Property Group, Ltd
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