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.
Large corner L shape ten Units Multi- Family building in rapidly appreciating Belmont Cragin. Above the ground has Eight (8) Units on 1st and 2nd floor that are all 1 Bedrm / 1 Bath Apartments with Living Room and formal Dining Room. Two (2) additional apartments (the listing broker does not represent or guarantee their legality) Garden Units in the basement have 2 Bedroom and 1 Bath. 9 apartments have its INDIVIDUAL FURNACE units as seen on photos and have also Central Air A/C. Tenants pay for their heat, gas and electric bill. A whole building has 10 separate gas meters and 11 separate electric boxes seen on photo. Based on the info from owner: Roof was fixed (not complete) in 2017 and well maintained. Newer windows (Approx. 2013). Hot water tank 100 Gal. (2014). And there are Two Additional rooms/spaces in the basement: one is unfinished space and the other is a mechanical/ storage area next to Coin laundry Rm w/ 2 washers and 2 dryers seen on photos with the meters. 3 car garage can yield EXTRA income. Most tenants on M/ M basis and a few on lease. Some lower rents due to stable long term tenants. Total Annual is: Rental income, parking plus coin laundry: $ 142,296 *** All 10 units are currently rented out. 2 out of 3 garage spaces currently included in the rents *** SELLERS MOTIVATED *** Great and rare income producing investment property *** RENT ROLL in Add'l Info ***
2 months ago | Listing first seen online | |
3 months ago | Listing updated with changes from the MLS® |
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