ADDRESS
Suite C-1
55 East Erie St
Chicago, IL 60611
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This classic Chicago brick building offers a blend of historic charm and modern updates, making it an attractive investment with significant upside potential. The property features a diverse unit mix, including spacious one- and two-bedroom apartments, along with a legally recognized studio garden unit. With annual gross rental income below market value, investors have a unique opportunity to capitalize on immediate income growth. Each unit boasts generous floor plans with ample natural light, while the building itself offers a range of conveniences, including secure entry, shared outdoor space, and on-site laundry facilities. On-street parking is readily available, and there is room for additional enhancements to further increase the property's appeal. By updating interiors with modern finishes, stainless steel appliances, and upgraded flooring, investors can attract higher-paying tenants and maximize rental income.
2 months ago | Listing updated with changes from the MLS® | |
2 months ago | Status changed to Active | |
2 months ago | Listing first seen on site |
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