Stabilized 4 Unit in Chicago With Value Add Potential!

[Joe H.]

This is an off market deal I am offering for a large, stabilized, four unit building in Old Irving Park literally next to a Metra Station and Supermarket. The other side of the street is entirely new construction homes built within the last five years. Very desireable and stable area.

It is on an enourmous lot that is more than double the size of your typical Chicago 3,125 SF Lot. The large lot dimensions are similarly carried through to the building itself. The four units have all been nicely updated with grannite and stainless steel and new marble tile in the kitchens and bath. This property is a legal four unit with a four unit zoning cert. The taxes are extremely low for a property of this size at only about $4200 a year.

Two of the units do not yet have granite and stainless steel appliances (newer white appliances and linoleum counters) and could be upgraded to increase rents. Additional value add in the rear yard with more off street parking. Could also partition basement and lease as storage to increase cash flow. Seller is motivated, don't miss out on this one!