Courtesy of Compass

Recently renovated, impeccably maintained and fully stabilized 6-unit brick masonry building located in the heart of Wicker Park! This beautiful property is situated on a full size lot and was completely overhauled in 2018. The unit mix consists of four (4) 1 bedroom/1 bathroom and two (2) 2 bedroom/2 bathroom duplex apartments. All leases intentionally set up to expire during the ideal spring/summer 2023 leasing season. All units include renovated kitchens with granite countertops, stainless steel appliances and dishwashers, hardwood flooring and in-unit washers and dryers. Each tenant is responsible for paying for their individually metered gas forced central heat and air conditioning. Building capital improvements include tear off roof (2008), rebuilt porches and staircase on the rear of the building (2018), security camera system, motion activated hallway lighting, rebuilt cornice on the front of the building (2018), new vinyl double hung windows through out and painted common areas. With $142,600 in gross rental income, this investment is currently operating at a 6.1% CAP rate with room for improvement. Easy permit street parking and other options available in the neighborhood. This property is ideally situated in an unbeatable Wicker Park location close to dining and entertainment at both 6 Corners and Division St. as well as a 0.4 mile (8 minute) walk to either the Damen or Division Blue line 'L' stops. Little to no vacancy should be expected. Do not miss this rare opportunity to own a turn-key multifamily investment property in an impeccable location.