$1,499,900

11 Bed, 5.5 Bath, Approx - Sq Ft

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CAP Rate approaching 7%. Priced to sell. Wide 27.5 ft lot makes for spacious & airy units that are a pleasure to occupy. Beautifully renovated 1920's masonry building with duplex owner's unit on the top floor. This updated fourplex boasts beautiful white kitchens with stainless steel appliances on every floor, beautifully refinished original hardwood floors and trim, updated bathrooms, original stained glass windows, spacious bedrooms, and natural light pouring through the windows, including the garden unit. Units consist of one: large 1 bed/1 bath, two: 2 bed+den/1.5 baths, and a top floor well-appointed 3 bed/2.5 bath owner's unit with in unit laundry, an expansive walk-in closet, and a large rooftop deck perfect for relaxing or entertaining. Units are all separately metered with central heat/air and tenants share common laundry. Two car garage (Option for new owner to remove garage and pave area for 5 outdoor parking spaces for additional income. 2020 Tax Assessment reduced by 13.5%. One owner occupies the 4th floor unit at a fair market rent of $4000/mo and lease runs thru 6/30/21 (with a cancellation clause exercisable by the new owner with 30 day notice). Great location. Proximity to highway 90 / 94 Kennedy Expressway, Lake Shore Drive, Purple & Brown EL train stops, & CTA buses. Access to green and natural spaces: Weisman Playground with splash deck & public art, Lake front running & biking trail, Lake Michigan & its beaches, & Wiggly Field Dog Park. You and your tenants will enjoy local favorites: Nori Sushi, Andy's Thai Kitchen, Zizi's Mediteranian, Farm Bar, Crisp, Barcocina, DMK Burger Bar, Sapori Trattoria, Batter & Berries, & coffee from Panes Bread Cafe, Intelligentsia, & Bittersweet Pastry Shop. Must see.

Status: CLSD

Partner Agent

Tom Brown

Phone: 312-502-8213

Email: tb@sparrowrealty.us