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6.95% CAP RATE IN LINCOLN PARK. A 4-unit multi-family building, just west of the DePaul Student Campus. The property sits on an extra-long lot (approx. 25'x150') and was gutted down to the studs and rebuilt as practically a new construction building. The new units, that live like four single-family homes, demand significant rents making this property produce above market returns. The property is comprised of two (2) 3 Bed/2 Bath Duplexes, one (1) 3 Bed/3 Bath Duplex and one (1) 4 Bed/3 Bath Duplex. Each unit features an open floor plan, hardwood floors, stainless steel appliances, quartz countertops, dishwasher, built-in microwave, and in-unit laundry. Since all four units are large duplexes, this investment is also a great candidate for a live-in owner.
Address |
2509 N CLYBOURN
Chicago, IL 60614 |
Listing Status | Active |
Asking Price | $1,849,000 |
Original Listing | $1,849,000 @ |
Property Type | Fee Simple |
Asssessment | N/A |
Square Footage | Not Disclosed |
Bedrooms | 13 |
Full Bathrooms |
Directions | Fullerton to Clybourn , North to property |
Neighborhood | Lincoln Park |
School District | Not Listed |
County | Cook |
Tax PIN | 14304090330000 |
Property Tax | $14,709 for the year 2020 |
Zoning | MULTI |
Year Built | 1881 |
Laundry Location | |
Elevator | Not Listed |
Cooling | |
Heating | Natural Gas |
Sewer/Septic | Public Sewer |
Fireplaces | Not Listed |
Basement | Full |
High School District | 299 |
New Construction | No |
Platform | MRED |
AOR | |
MLS Number | MRD11259967 |
Courtesy of | Keller Williams ONEChicago |
https://www.chicagotopcondos.com/MRD11259967
Style | Two to Four Units |
Material | Not Listed |
Lot Size | 25X150 |
Fencing | Not Listed |
Topography | Not Listed |
Swimming Pool | Not Listed |
Parking |
Total Spaces: 4
Garage Spaces:
Non-Garage Spaces:
0 -
|
View | Not Listed |