$1,150,000
bedrooms
9
bathrooms
0
square feet
0
Acreage
-
Open Houses
-
year built
1921
Full Baths
0
Half Baths
0
Impeccably maintained brick 3 unit building with a full in law suite (used as a real in law suite). Building has pro forma rental income of over $100,000 in gross rental income. Low expenses for this building make for an incredible 7 cap return in Lincoln Square. A lot of updates have been done to the building within the last ten years, including updates inside the units, a new porch and deck, boiler, tuck pointing, garage updates, and much more. Roof is about 12 years old. Current rents are below market value with long term tenants in place until July and August of 2025 for units 2 and 3. Owner's suite and in law garden suite will be vacated at the time of sale for an owner occupant. In Building washer and dryer. Building is in a perfect location within walking distance of River Park's athletic fields, tennis courts, dog park, swimming pool and canoe launch. Also within walking distance to all the shops and restaurants of Lincoln Avenue. Very close to the brown line and other public transportation stops. Perfect for an arm chair investor or a live in investor using the increased cap on the new Fannie Mae 2-4-unit for 5% loan program that now for owner-occupied investors has been set at $1,396,800. Rental rates are quoted at pro-forma rental amounts.
| Location | |
| Subdivision | - |
| County | Cook |
| Elementary School | - |
| Middle School | - |
| High School | - |
Exact location data not provided
Open houses
Find out more
Tell us who you are, and we will have someone reach out to you.
MLS number: 12203499
Listing agent:
Mo Dadkhah
#475119960
Listing broker:
Main Street Real Estate Group
(773) 799-8042
Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
[source]
Last update: Wednesday, January 15 2025 at 12:25 a.m. EST
Kotohomes National