738 S Claremont

Chicago, IL 60612

Hot Tri-Taylor 3-flat with two units leased until May 2023 and the 1st floor is an owners duplex down with additional bathroom and bedroom! This classic 3-flat has been managed and well maintained for many years. Newer appliances, HVAC, and Air conditioning in most of the units. Tenants have all been living there for over 5-years. Each apartment is a 2-bedroom and 1 bath at 1100 sq. feet. First floor is a duplex down with additional bathroom and living space/bedroom of an additional 700 sq. ft so total about 1,800 sq. ft. Large wooden back decks for each condo and fully landscaped front and back of property. 2-car garage onsite. Unit 2 is leased at $1500 with parking, Unit 3 is leased $1300 no parking until May 2023. First floor duplex down has no lease but current tenants are planning on leaving after 7-years. 1st floor duplex with parking could lease for $1800 or more! First floor could be a perfect live in owner unit! Property has a projected net income of $4600 a month or $55,200 annually. Property taxes are $10,039.87 and insurance is $3,000 annually. Gross income of $42,160. With a CAP rate of 6.2%! Long term tenants in the building and no vacancies over a 5-year period. First floor tenants loved living there and have no lease at the moment. Easy investment and have maintained building well over the years! Sit back and collect rental income in booming Near West side of Chicago. Blue Line is 2 blocks away as well as I-290 access. Perfect location to navigate around Chicago! Minutes from UIC, Talyor Street, Medical district, Fulton Market, and West Town. Priced well and offers tremendous income potential to earn over 6% a year!! Agent owned property. Owner is IL Licensed Real Estate Broker. Property being sold "as-is".