Description
This beautiful brick 2-flat located in the rapidly appreciating Chicago Lawn/Marquette Park neighborhood is full of upside opportunities and available at great price with equity built in! Entire building will be vacant in February 2023! The basement is humongous and has the space and ceiling height to be converted into an additional garden apartment! Layout is as such: Unit #1 is a vacant 2 bedroom, 1 bath apartment that can easily be converted into a 3-bedroom apartment by compromising the dining room. Unit #2 is sizable 3 bedroom, 1 bath apartment - tenant has moved out, building is completely vacant! (Unit 2 will be buttoned up prior to close). Notable features include curb appeal, fresh paint, updated bathrooms, finished hardwood floors, spacious dining rooms, high ceilings and recessed lighting. Other noteworthy highlights include - New roof! New windows! New furnaces! New water heaters! Freshly tuck pointed brick! 2 car parking pad! New white shaker cabinets! Granite countertops! Private balcony! Excellent cash flow upside - an owner-occupied buyer would enjoy the financial benefit of their tenant paying the lion's share of the mortgage and expenses. 3-bedroom apartments in this neighborhood rent for $1,500+ per month - this equates to $36,000 in gross annual revenue for a non-owner-occupied owner. Looking for even more cash flow?! Airbnb one or both units to double or triple your cash flow upside opportunities! Owner will also have the ability to charge an extra $50 - $100 per parking space (new rear parking pad)! Great location - near public transportation, shopping stores, local restaurants, and a short distance from Midway Airport! ***Seller is offering a $2,500 credit to assist the buyer with building an additional bedroom in Unit #1, closing costs, or to buy down their mortgage interest rate!*** Priced to sell so please act swiftly!
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5BEDS
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N/AACRES
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0BATHS
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01/2 BATHS
Description
This beautiful brick 2-flat located in the rapidly appreciating Chicago Lawn/Marquette Park neighborhood is full of upside opportunities and available at great price with equity built in! Entire building will be vacant in February 2023! The basement is humongous and has the space and ceiling height to be converted into an additional garden apartment! Layout is as such: Unit #1 is a vacant 2 bedroom, 1 bath apartment that can easily be converted into a 3-bedroom apartment by compromising the dining room. Unit #2 is sizable 3 bedroom, 1 bath apartment - tenant has moved out, building is completely vacant! (Unit 2 will be buttoned up prior to close). Notable features include curb appeal, fresh paint, updated bathrooms, finished hardwood floors, spacious dining rooms, high ceilings and recessed lighting. Other noteworthy highlights include - New roof! New windows! New furnaces! New water heaters! Freshly tuck pointed brick! 2 car parking pad! New white shaker cabinets! Granite countertops! Private balcony! Excellent cash flow upside - an owner-occupied buyer would enjoy the financial benefit of their tenant paying the lion's share of the mortgage and expenses. 3-bedroom apartments in this neighborhood rent for $1,500+ per month - this equates to $36,000 in gross annual revenue for a non-owner-occupied owner. Looking for even more cash flow?! Airbnb one or both units to double or triple your cash flow upside opportunities! Owner will also have the ability to charge an extra $50 - $100 per parking space (new rear parking pad)! Great location - near public transportation, shopping stores, local restaurants, and a short distance from Midway Airport! ***Seller is offering a $2,500 credit to assist the buyer with building an additional bedroom in Unit #1, closing costs, or to buy down their mortgage interest rate!*** Priced to sell so please act swiftly!
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