3-Flat with 6.8% Cap Rate in Bucktown
Stately three flat in solid Bucktown location with extra wide lot. Live in the duplex Owners unit (with luxurious master) or operate as a turn-key investment and collect the $7k monthly rents. All units have in-unit laundry, large storage room and 15' x 10' deck. All utilities paid by tenants.
Many recent updates including new HVAC (2014), new kitchens & baths (2014, 2008), roof (2008), tuckpointing (2004, 2017), decks (2014), windows (2006), copper plumbing (2014) and electric upgrades (2014).
Great investment potential with rents of $84k in 2017 and 16% return in Yr 1. Priced very competitively at 6.8% Cap Rate (2018). Location is booming with new retail just 2 blks E. Trendy Logan Square, Bucktown, Wicker Park and Lincoln Park all short walks. Close to Holstein Pk, Western L, The 606 Trail, Xway for dwntn or O’Hare.
Listed by an IL Broker with an ownership interest. 2.5% coop commission offered. Bring all offers!