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CHICAGO , IL 60608
9 Beds, 0.0 Bath(s) $399,000
Property Type: MU
|Remarks - Legally zoned 4-Unit Investment Opportunity in highly desirable Bridgeport! Home of the White Sox's - walk to the games! Front and Rear Construction with 2-Units Front and 2-Units in Rear. Front, Side and Rear entrances. Unit 2R (seller's unit) is duplex-up to attic. Seller is relocating and would like to liquidate asset. Property is located in excellent location within minutes to CTA, Orange Red and Green L Train, Metra, 31st Bus and I55. Also, steps to Groceries and dining. (Cermak Produce, Walgreens, CVS, Bridgeport Coffee and Maria's Wine). Each unit has two bedrooms and one bathroom in moderate condition. Total annual income is $24,600; however, rents start at $1150/mo in area - (see MLS 09607304 - for address: 1015 W 31st Pl Unit 1R, Chicago, IL 60608 which rented in April 2017). Update and increase cap rate. Gross Income: $24,600 Gross Exp: $5562.36 NOI: $19,037.64 CAP: 4.8 GRM: 16.6. Tons of potential for the SAVVY Investor who knows the growth in the AREA.
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