Description
TOP RATED LINCOLN PARK, TURN KEY RENOVATED 4 UNIT INVESTMENT OFFERING. ALL UNITS RECENTLY UPDATED INCLUDING LARGE UPDATED KITCHENS AND BATHS. FORMERLY A 4 UNIT CONDO ASSOCIATION - COULD BE CONVERTED BACK AND SOLD INDIVIDUALLY. EACH UNIT IS A DUPLEX/TWO LEVEL APARTMENT WITH INDIVIDUAL CENTRAL HEAT & AC, WATER HEATER, GAS LOG FIREPLACES AND LAUNDRY IN-UNIT: 1F OFFERS A 2020 UPDATED 3 BED 2 BATH, 1R OFFERS A 2020 UPDATED 2 BED 2 BATH APARTMENT; 2F IS A TOP FLOOR TWO-LEVEL 3 BED 2 BATH APARTMENT AND 2R OFFERS AN UPDATED TWO-LEVEL 3 BED 2 BATH APARTMENT. TWO PARKING SPACES ARE CURRENTLY INCLUDED AND ARE RENTED BY 2F AND 2R. THERE IS A SMALLER SPACE THAT COULD BE USED FOR A 3RD PARKING SPOT FOR A SMALLER CAR. LARGE REAR YARD. HIGH DEMAND AREA WITH RENTAL GROWTH POTENTIAL. HIGH DEMAND LOW VACANCY LOCATION NEAR WORLD CLASS RESTAURANTS, BARS, SHOPPING AND DEPAUL UNIVERSITY ALL VERY CLOSE. $101K NOI, 5.7 CAP & 12.12 GRM. ASSET WAS FORMERLY 4 SEPARATE CONDOMINIUMS WITH INDEPENDENT UTILITIES FOR EACH DUPLEX UNIT. POSSIBLE OPTION TO CONVERT BACK AND SELL OFF SINGLE UNITS. PROPERTY WAS COMBINED INTO SINGLE PIN IN 2020. REQUIRED 48 HOURS NOTICE.
Location
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