ADDRESS
Suite C-1
55 East Erie St
Chicago, IL 60611
Due to the health concerns created by Coronavirus we are offering personal 1-1 online video walkthough tours where possible.
This California-style, multi-family building is comprised of 14 one-bedroom units with individual, exterior doors for each unit. The Gross Scheduled Income is about $188,000 per year and a 6.3% CAP Rate. Excellent value-add opportunity: new owner can upgrade the heating system, roof, individual units, and management to create short-term and long-term gains. ------ Seller had supply-line risers, ground-level horizontals, and mechnical room hot/cold lines replaced with new copper in 2022. The common utility area contain the older gas-boiler, 9 year-old water heater, individual electric meters, storage lockers, and management-owned coin-operated washers and dryers. There are at least 11 parking spaces, but there is enough room to improve the parking ratio to 1:1. Ask Listing Agent for the latest roof information. ------ Buyers and buyer's reps will be required to complete and sign a short questionnaire and confidentiality agreement to gain access to more details, interior photographs, and in-person showings. ------ Showings will be available on July 10th from 3-4PM. Please contact agent by email to register for access.
a month ago | Status changed to Active Under Contract | |
2 months ago | Price changed to $1,525,000 | |
2 months ago | Listing first seen online | |
3 months ago | Listing updated with changes from the MLS® |
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