Legal 5-unit zoning in Hot West Town neighborhood. Current price reflects a whopping 7.6% cap rate for a quick sale. Zoned RT-4. 3 flat + legal coach house with 2 updated units. Always very easy to rent. Total rent is almost $90k annually! There is considerable rental upside & value-add. Each lease has a 60-day kick-out clause. Same owner for the past 11 years who has done some cosmetic work, new water heaters, windows, etc over the years. Walking distance to the Blue Line stop, 90/94 expressway, Ashland/Milwaukee/Chicago Ave bus routes. Close to Eckhart Park, restaurants, bars, etc. Fantastic investment for an arm-chair investor who wants to sit back & collect rents or an aggressive investor who wants to remodel & add value.
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For more information about 710 N Elizabeth, Chicago, IL 60642 contact Corcoran Urban Real Estate.
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