5852 W Irving Park

Chicago, IL 60634

COMPLETELY REMODELED, 6-UNIT BRICK building provides a fully turn-key opportunity for your next investment. Properties with THIS MUCH work done almost never hit the market. Prepare to be impressed, nothing else like it available. Side entrance building in Chicago's Portage Park neighborhood. Currently operating at 7.7% Cash on Cash ROI (6.6% Cap rate) with no work to do, just sit back and collect the rent. Building consists of a total of SIX CONDO QUALITY units: there are FIVE 2BR/1bth units and ONE 1BR/1bth unit that are all rented. All 6 apartments have been completely remodeled and feature new kitchens with shaker style cabinets, SS appliances including built-in microwaves & dishwashers, granite or quartz countertops, subway tiled baths, dark-stained hardwood floors, new lighting, new windows, the works - it's all been done. In addition to the remodeled units, the building has a very nice laundry room for extra income and one storage locker per unit. Common boiler and hot-water heater are both in good condition. Parking consists of 2 garage spaces and 3 outside spaces. The parking is all currently leased by tenants in the building. NOTE: Interior pictures show 3 different units - please note they are all as nice as the ones in the pictures! Units are always in high demand and easily rentable...Truly a unique property in a desirable Portage Park location! (Annual income is $93,000 with a NOI of $69,112) Don't miss this great investment opportunity.