Incredible opportunity to buy an 8 CAP! This solid brick 6 unit building has everything you could ask for in today's buy and hold investment market! Currently occupied by long term tenants on month to month leases who are paying under market rents. The current cash flow is off the charts and if you do some light house cleaning you should easily be able to raise the rents by another 20%-30%! Get in now since this is clearly a property that cannot be found in the area and marketplace today! The property is huge and offers (3) 3bd/1bath units at 1,050 SF, (2) 2bd/1bath units at 900 SF, and then (1) garden one-bedroom ($900/month, 750 SF, non-conforming). 3 car garage and laundry on-site. Well kept units. This property sits right across the street from Smyser Elementary School. The building is heated by hot water baseboard heat, there is a newer 127-gallon hot water tank, and each unit has its individual circuit breaker. Tenants are responsible for cooking gas and electricity. Portage Park 5 legal units and 1 non-conforming unit for a total of 6 units in the building. Agent-Broker Interest
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For more information about 6157 W Montrose, Chicago, IL 60634 contact Corcoran Urban Real Estate.
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