* New Boiler and R&D Control System * Granite Countertops & Stainless Steel Appliances * 9% In-Place Cap Rate * 16.66% Cash on Cash Return * Opportunity Zone * Gross Yearly-$87,995 (w/ 5.00% Vacancy) * Net Operating Income-$51,727 Property is a ten (10) unit walk up located on a quiet, tree-lined street in Chicago's historic Lithuanian Plaza just four (4) blocks east of Marquette Park. Conveniently, the property sits just two (2) blocks west of Western Avenue which provides an abundance of retail and grocery options. Property is made up of eight (8) 1b/1ba units and two (2) 2b/1ba units. All of which, however, are spacious and boast four (4) and five (5) room layouts which include separate living and dining rooms, respectively. Over the years, there has been a handful of capital updates and upgrades. Recent improvements to the building consist of, but not limited to: a newer central boiler (2012), a new efficient R &D boiler control system (2012), a newer water heater, as well updating porches.
|--||New Value: $575,000|
|11/7/2019 12:40:00 PM|