Description
7.7% cap rate of a five (5) residential unit plus one (1) commercial space property located in the heart of Little Italy/University Village! This ARMCHAIR INVESTMENT is located between the Illinois Medical District and UIC on bustling Taylor St. All of the units have been rehabbed and the property diligently maintained by the current ownership. 100% occupied with excellent collections on market rents and low turnover of residents. All units have Washer/Dryer and mix consists of one 4 Bed/2 Bath; two 3 Bed/2 Bath; two 2 Bed units; & one ground floor storefront. Substantial capital expenditures over the years including plumbing, electric, windows, tuck-pointing, unit rehabs, and more. Great expense ratio for high cash flow. The new investor just needs to sit back and collect rents. Tenants can walk to shops, restaurants, and stores, which also works well for the commercial tenant's business!
Location
Based on information submitted to the MRED as of date and time shown below. All data is obtained from various
sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change
without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the
office/agent presenting the information. © 2022. http://www.mredllc.com/comms/resources/DMCA_Notice.pdf Updated: 1st October, 2023 11:55 AM (UTC)
sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change
without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the
office/agent presenting the information. © 2022. http://www.mredllc.com/comms/resources/DMCA_Notice.pdf Updated: 1st October, 2023 11:55 AM (UTC)
Listing Office: Process Driven Real Estate
Attribution contact: 773-405-6384
