- $2,225,000
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Description
Excellent East Rogers Park investment opportunity featuring a well-maintained, substantially updated vintage 10-unit property with two buildings: a classic front 8-flat plus a rear 2-unit coach house. Unit mix includes 4 two-bedroom/1-bath apartments, 4 one-bedroom/1-bath apartments and 2 studio/1-bath units. Nine of the ten kitchens have been renovated with newer cabinetry, stainless-steel appliances and granite countertops. Tenants pay their own gas heat and electricity, and 8 of the 10 units have central air. Additional features include replacement windows, original architectural character, large decks, a beautiful backyard, basement coin laundry with 3 washers and 3 dryers, and a remote-controlled gated parking lot for 5 cars. Nine units are occupied and currently month-to-month. One renovated 2-bedroom unit is vacant and currently being marketed for lease at $2,450/month by a separate leasing brokerage, providing a current rental benchmark and potential rent-growth opportunity for new ownership. Approximately 3 blocks from Lake Michigan with convenient access to public transportation, shopping, dining and neighborhood amenities.
- Commercial Sale
- 7908
- 1917
Property Documents
Property Overview
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Property ID 12793794
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Price $2,225,000
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Property Size 7908 Sqft
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Land Area 0.2 Acres
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Garage Size x x
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Year Built 1917
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Property Status Active
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Property Type Commercial Sale
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