$674,000

5 Bed, 0 Bath, Approx - Sq Ft

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Motivated Seller! Top floor vacant! Live in one unit and let your tenant pay the lions share of the expenses! Unit-2 is vacant! Come take a tour of this Multi-Unit property available in Chicago's Uptown neighborhood! Super-Hot Location (Minutes from Wrigleyville - Cubs Stadium and Chicago's Lake Front)! Bring your renovation ideas! Equity upside built into the asking price! Great Cash Flow Potential (Airbnb for even more cash flow)! Don't miss out on the opportunity to purchase this sizable Greystone 2-flat in one of best neighborhoods in Chicago - Uptown! This property includes one 3 bed, 1 bath unit, one 2 bed, 1 bath unit, and a sizable unfinished basement with garden unit or duplex potential (7ft basement ceilings have been verified to meet the legal height requirements)! Renovated sold comparable 2-unit in Uptown located at 4715 N Magnolia Ave, Chicago sold for $844,900 in September of 2019! With upgrades, the 3-bedroom unit can rent for up to $2,600 per month and the 2-bedroom unit can rent for $2,000 per month - that's $4,600 in gross monthly rental revenue or $55,200 in gross annual rental income! The first floor apartment requires the most investment and is occupied, the second floor unit is in GREAT shape, was recently renovated and vacant! For even more cash flow, upgrade the units and Airbnb each unit for $200+ per night or rent the entire building for $600+ per night! This property also includes a 2.5 car garage and private back porch and patio areas! Perfect Location - Blocks away from Thorek Memorial Hospital! Blocks away from public transportation (CTA)! And Blocks away from the thriving commercial district on Broadway! Owner occupant buyers welcome, the second floor unit is vacant!

Status: ACTV

Partner Agent

Tom Brown

Phone: 312-502-8213

Email: tb@sparrowrealty.us