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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 Avenue
Chicago, IL 60614 |
| Listing Status | Active |
| Asking Price | $1,849,000 |
| On Market Date | $1,849,000 @ 2021-11-01 |
| Original Entry | 2021-11-01T16:27:51.000Z |
| Square Footage | Not Disclosed |
| Bedrooms | 13 |
| Full Bathrooms | 0 |
| Directions | Fullerton to Clybourn , North to property |
| Neighborhood | LINCOLN PARK |
| School District | Not Listed |
| Property Type | Fee Simple |
| Asssessment | $0 |
| County | Cook |
| Tax PIN | 14304090330000 |
| Property Tax | $14,709 for the year 2020 |
| Zoning | MULTI |
| Lake Michigan Distance | 2.0 miles |
| 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: 0
Non-Garage Spaces:
0 -
|
| View | Not Listed |
| Year Built | 1881 |
| Laundry Location | |
| Elevator | Not Listed |
| Cooling | |
| Heating | Natural Gas |
| Sewer/Septic | Public Sewer |
| Fireplaces | Not Listed |
| Additional Parcels | No |
| Appliances | No |
| Assessments | No |
| Association | No |
| Association Fee 2 | 0 |
| Attached Garage | No |
| Basement | Full |
| Below Grade Finished Area | 0 |
| Carport Spaces | 0 |
| Cooling | No |
| Heating | No |
| High School District | 299 |
| Land Lease | No |
| Laundry | No |
| Main Level Bathrooms | 0 |
| Main Level Bedrooms | 0 |
| New Construction | No |
| Number Of Units Total | 0 |
| Number Remotes | 0 |
| Parking | No |
| Patio | No |
| Pool Private | No |
| Property Attached | No |
| Sprinklers | No |
| View | No |
| Well Depth | 0 |
| Well Gallons Per Minute | 0 |
| Well Pump Horsepower | 0 |
| Well Report | No |
| Platform | MRED |
| AOR | |
| MLS Number | MRD11259967 |
| Courtesy of | Keller Williams ONEChicago |
https://www.chicagotopcondos.com/MRD11259967