COMPLETELY REMODELED, 6-UNIT BRICK building provides a fully turn-key opportunity for your next investment. Currently operating at 6.8% CAP (8.6% Cash-on-Cash ROI). Annual income is $94,200 with a NOI of $68,007. NO work to do, just sit back and collect the rent. Building consists of: FIVE 2BR/1bth units and ONE 1BR/1bth unit (1 br unit is potentially non-conforming). All units are rented. All 6 apartments have been completely remodeled and feature new kitchens with shaker style cabinets, SS appliances including built-in microwaves & dishwashers, granite or quartz countertops, subway tiled baths, dark-stained hardwood floors, new lighting, new windows, the works - it's all been done. Properties with THIS MUCH work done almost never hit the market. Side entrance building in Chicago's Portage Park neighborhood. In addition to the remodeled units, the building has a very nice laundry room for extra income and one storage locker per unit. Common boiler provides hot-water base board heat with individual thermostats in each unit. Parking consists of 2 garage spaces and 3 outside spaces. NOTE: Interior pictures show 3 different units - please note they are all as nice as the ones in the pictures! Units are always in high demand and easily rentable...Truly a unique property, nothing else like it available. Don't miss this great investment opportunity.
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