Straight forward multi-unit. A legitimate and legal 6 unit building held in the same family for decades. Five 2 bedroom, 1 bath apartments. All offer generous sized living and bedroom spaces. They all have a spacious kitchens with room for a dining table. The sixth unit is a three room 1 bedroom, 1 bath ground level apartment. Mostly long time tenants and fully occupied. With some updating to these late 60's-70's kitchens and baths, rents could be maximized. It is quite possible to realize $1,200+ per 2 bedroom unit were they all shiny & new. The leases for ALL the 2 bedroom units expire on May 31, 2020. The sole 1 bedroom lease runs through May 31, 2022. All the windows were replaced about 10 years ago. Roof shingles have been performing their duty faithfully over the years (No knowledge of when it was replaced last). Boiler is original but running like a champion and serviced regularly, bringing baseboard heat to the apartments. Each apartment has their own thermostat. Water heater is a few years old. This Multi unit is quite convenient, with a walk score of 78. Tell your friends, tell your neighbors, tell your investors. Secure an appointment before it is gone. Note - - -The Monthly Minimum is the current actual rent for the units ($5,130 total monthly gross rent).
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For more information about 6258 W Belmont, Chicago, IL 60634 contact Urban Real Estate.
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