Fully rented and well maintained 6 unit MULTIFLAT building sitting on Double lot (50 ft. = bright apartments for tenants) in between Jefferson Park and Norwood Park East. The property features: Five 2 bedroom apartments and one 1 bedroom apartment. Four above grade units have 2 Bedroom with 1 Bathroom. All kitchens have granite countertops replaced except for 1 unit. Hardwood floors throughout all units except in one has ceramic tiles. Approx. dates of primary components: Furnace (2018). Hot water tank (2014). Windows (age around 18-20 years). Shingles roof (according to previous owner estimated roof age 14- 15 years) *** There are 6 (six) electric panels as seen on photo ***5 (five) gas meters as seen on photo *** Assigned 6 (six) parking spaces in the back of the building. Fully rented (no vacancy rate!) with good tenants (most now stay on Month/Month basis since the building is for sale). Good CAP rate of approx. 7.2 % for new savvy investor/owner And with more updates there is a higher rents upside potential! Property is located in convenient mixed rental and residential area close to Jefferson Park train station, interstate Highway I-90, Milwaukee Ave bus, businesses, stores, restaurants, and MORE. Floor plan & RENT ROLL attached in Additional Info.
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For more information about 5859 N Elston, Chicago, IL 60646 contact Corcoran Urban Real Estate.
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