Fully rented and well maintained 6 unit MULTIFLAT building sitting on Double lot (50 ft. = bright apartments for tenants) in between Jefferson Park and Norwood Park East. The property features: Five 2 bedroom apartments and one 1 bedroom apartment. Four above grade units have 2 Bedroom with 1 Bathroom. All kitchens have granite countertops replaced except for 1 unit. Hardwood floors throughout all units except in one has ceramic tiles. Approx. dates of primary components: Furnace (2018). Hot water tank (2014). Windows (age around 18-20 years). Shingles roof (according to previous owner estimated roof age 14- 15 years) *** There are 6 (six) electric panels as seen on photo ***5 (five) gas meters as seen on photo *** Assigned 6 (six) parking spaces in the back of the building. Fully rented (no vacancy rate!) with good tenants (most now stay on Month/Month basis since the building is for sale). Good CAP rate of approx. 7.2 % for new savvy investor/owner And with more updates there is a higher rents upside potential! Property is located in convenient mixed rental and residential area close to Jefferson Park train station, interstate Highway I-90, Milwaukee Ave bus, businesses, stores, restaurants, and MORE. Floor plan & RENT ROLL attached in Additional Info.
Based on information submitted to the MLS GRID as of 03/28/2024 02:40 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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