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.
FULL WALK THRU VIDEO OF BUILDING ON VORTUAL TOUR BUTTON. Brand new LEGAL 3 unit s/w CORNER Armchair investment in the Logan/Avondale area. (rental comps have building producing over 140k a year) Almost 5k sqft of above-grade sqft - no basement all above ground sft). Fully gutted - everything is new! 3 Massive units - all ready to go. All units have forced Air and Gas Heat - all kitchens brand new with dishwashers/micro/fridge/range, all units have their Washer and Dryers. All units are on their own gas and electric accounts. The owner pays for only water/common insurance and the electricity bill for common lights and garage power. First floor = 3 bed/Den/1 full bath. Unit 2 = 3 bed/1bth. Unit 3 = duplex unit 4 beds/2 full baths/large storage room. Common backyard - 2 car garage. Cap rate with all expenses and stabilized rent is 7.5% on your money. It could also be a great owner-occupied with a regular monthly renter and 1 Airbnb unit. No deferred maintenance for a long time - perfect armchair or owner-occupied building.
5 days ago | Listing updated with changes from the MLS® | |
5 days ago | Status changed to Active | |
3 weeks ago | Price changed to $1,400,000 | |
4 weeks ago | Listing first seen on site |
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