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Attention Investors! 2-flat with 2 car garage in prime Lincoln Park location. 6.5% cap rate and almost $70K gross income! Top floor unit - full gut rehab in Fall 2018 with new mechanicals, new appliances, new HVAC, new water heater! It is the perfect owner's unit with 2 beds, 2 full baths, 2 loft spaces, 2 private decks and high ceilings w/ huge windows! Could easily be made into a 3 bed! This property is great for the armchair investor, but there are still a lot of value add opportunities! Both units have central heat/air, ample storage, D/W and W/D. Unit#1 was renovated in 2015 with new floors, new HVAC and new washer/dryer and is a 2 bed, 2 bath + private deck! 2 car garage is good for additional rent. Premier location: Marshfield Ave is full of $1.6M+, new construction single family homes, close to parks, shops, restaurants, nightlife and public transportation! And - award winning Prescott elementary is just 1 block away!
CHICAGO, IL 60614
|Property Type||Two to Four Units, Two to Four Units|
|Parking||Included, Parking Garage|
|City, State||Chicago, Illinois|
|Taxes||$13,250.00 (Year 2017)|
|Total Size||null square feet|
|Rooms Description||Den, Loft|
|Directions||Just south of corner of Marshfield and Altgeld. Marshfield is one-way north.|
|Area||CHI - Lincoln Park|
|CTA "L" Stop||0.84 mile|
|Coffee Shop||0.19 mile|
|Lot Size||Standard Chicago Lot|
|Units in Building||2|
Property information last modified by seller on Friday, August 09, 2019, 01:53 PM CDT. Information Deemed Reliable But Not Guaranteed. Unauthorized duplication, use, or linkage is prohibited. The information on this web site is for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Monthly Payment Calculator results are for illustrative purposes only, not a financing opportunity; calculations assume a 30-year fixed-rate mortgage and do not include closing and other costs. Property Tax on NEW properties is estimated at 1.5% of Listing Price for payment calculation purposes; actual value may be higher or lower.
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