Stunning Rehabbed Greystone 3-flat + tall basement on a quiet 1-way street steps from Wrigley Field & Halsted! Great investment or perfect for a live-in owner. Exceptional income and 2 of the 3 units have been tastefully rehabbed including 2 newer kitchens with modern, flat-panel & shaker-style cabinets, granite countertops & stainless-steel appliances, and newer baths. ALL 3 UNITS HAVE 3-BEDROOMS, IN-UNIT LAUNDRY, GFA w/ CENTRAL-AIR CONDITIONING & 2 BATHROOMS, Large formal living room & dining rooms with Hardwood Floors throughout. All New Windows in 2011, newer Mechanicals (newer plumbing supply, some new electric, etc) & more! VERY Tall Basement and GENEROUS RM-5 ZONING (FAR = FLOOR AREA RATION OF 2.0) will allow for further income by expanding up and/or down into the basement for a 4th, legal apartment or combine with the first-floor unit to create a large duplex-down unit! A unique side & back alley allows for 4 full exterior parking spots (with room to expand for a 5th spot) all 4 are currently rented through Spot-Hero with an outstanding annual income of $23K! Excellent location with a short walk to Wrigley Field and steps from all the Wrigleyville & Lakeview amenities on Halsted & Clark including great area restaurants, coffeehouses, shopping, nightlife, parks, lakefront, EL stop, schools & more! - UNIT #3; 3-bed/1.5-bath (can easily add a shower for 2nd full bath) - lease exp 7/31/25 @ $3,010 per month...UNIT #2; 2-bed/2-bath and is currently vacant (was last rented for $3,100 per month) ...UNIT #1; 3-bed/2-bath (lease exp 7/31/25 @ $2,670 per month). 4 gas meters and 4 electric panels. ***EXCELLENT TOTAL ANNUAL INCOME of $128,877 minus - $31,354 in total expenses = $97,523 (NOI) ANNUAL NET OPERATING INCOME for a Solid 6.1% CAP rate.***Also, investing an additional $100K in creating a legal 4th garden unit (which is allowed under the current R5 zoning) & 5th parking spot brings the CAP rate up to 7.8%!
Based on information submitted to the MLS GRID as of 10/01/2024 05:05 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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.
NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.