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.
Proudly presenting a fully occupied 8 unit building in desirable southeast Evanston. All 8 units are 2bd 1ba and have a designated parking spot. Each unit also has large storage cage in the basement. Many recent cap-ex projects have been completed (Water Heater 2024, New Electrical Panels 2021, Roof Tear off 2017, Windows 2013). Units are in great condition and there is upside on rents. Current in place annual income is at 174,440 and yields a 6.51 cap rate and 9.88 GRM. Fantastic tenant location with walking distance to Purple Line El stop, Lake Michigan, and Chicago Ave shopping. Easy access to the city and downtown Evanston. Desirable Lincoln school district.
4 weeks ago | Listing updated with changes from the MLS® | |
4 weeks ago | Status changed to Active Under Contract | |
a month ago | Listing first seen on site |
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