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2537 N Wayne Ave | Chicago IL | 7205999015

Jim Gramata

This listing was posted on RealtyWW.

$1,725,000

Home For Sale In Chicago, Illinois

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Price:
$1,725,000
Home Loan:
Mortgage Rates are Still Low - Free Quote Now
BR/BA:
10+ BR, 8 BA
Location:
2537 N Wayne Ave, Chicago, IL
Description:

AAA+++ 4 unit investment property in Lincoln Park. Turnkey, fully updated in 2020. Rock solid building. Located one street east of Southport on one of the most desirable blocks in Lincoln Park. Offers easy access to world-class restaurants, bars, shopping and Red/Brown/Purple line transfers at nearby Fullerton stop. Great for commuting tenants. All units have been recently updated with large, modern kitchens and bathrooms, making them attractive to professional tenants with little to no vacancies historically. These units were formerly four separate condos with individual PINs. Each unit is a duplex/two-level apartment with individual central heat and AC, water heater, gas log fireplaces, and in-unit laundry, making them highly desirable to tenants. The property comes with two assigned outdoor parking spaces with the potential for a third parking space for a smaller car. The property also features a large rear yard, providing tenants with a private outdoor space. New Roof in 2022. Lincoln Park is a high-demand area with low vacancy rates, making this property an excellent investment opportunity. This property offers strong financial performance and potential for long-term appreciation. Rental income has been increasing annually. GRI $149K, NOI 109K GRM 11.6 puts this offering at a 6.43% CAP RATE return at full offer price below Lincoln Park valuations. Formerly four separate condominiums with separate electric and HVAC. Viewings of the property require 48 hours tour notice due to tenant occupancy. Information deemed reliable but buyer should perform their own due diligence.For more details: https://realtyww.info/homes_chicago-d523258/for-sale_i69483795
Property Type:
Single-Family Houses
Amenities:
AC, Fireplace, Parking
Posted:
March 16 on RealtyWW
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More About this Listing: Home For Sale In Chicago, Illinois
Home For Sale In Chicago, Illinois is a 10+ BR Eight Bath Single-Family Homes for Sale at 2537 N Wayne Ave in Chicago IL. Find other listings like Home For Sale In Chicago, Illinois and listings near 2537 N Wayne Ave by searching Oodle Classifieds for 10+ BR Eight Bath Single-Family Homes for Sale in Chicago IL.