Prime Rogers Park location for this stabilized asset - 40 residential units in excellent condition! Excellent and solid investment opportunity for an investor needing a good safe place for his capital. This asset will provide a strong yield for years to come. Elevator building with many updates and upgrades including boilers, laundry machines, tenant storage facilities with WiFi, new security system, lighted parking lot with 40 spaces. Some units have in unit laundry. Many units have beautiful renovations and upgrades. Even with all this, there is still opportunity for a value add strategy with unit upgrades and further increases in rents. A recent successful tax appeal has been completed and resulted in a 35% decrease in property taxes. The tax division work has also been completed. Strong demographics in this vibrant and surging community. Prime location near Lake Michigan, a short ride to Loyola University, walking distance to the Train and easy access to Downtown
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For more information about 7334 N Ridge, Chicago, IL 60645 contact Corcoran Urban Real Estate.
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Listing provided by Coldwell Banker Residential
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