Highlights
Excellent Location In Chicago's Thriving West Town Neighborhood
A gathering living neighborhood for young urban professionals in Chicago
Solid 4 unit cash flowing property with rapid appreciation and upside income potential.
Walking distance to Chicago's iconic Humboldt Park!
Ideal for investor or live in owner.
Description
Quality 4 Unit Multifamily Property with 6%+ cap in Chicago's Thriving West Town Neighborhood. Located in the heart of the City, this property is only a few minutes' drive to the Downtown Loop area. Very easily accessible to transportation as it is a 7-minute drive to the I-90/94 Kennedy Expressway, 0.6 miles south of the CTA's Western Blue Line train station, and just a 1-minute walk to the CTA's Western & North Ave bus #49 stop, 3-minute walk to North Ave & Campbell bus #72 stop. The unit mix consists of three 3 Bedroom 2 Bathroom units that measure 1,300 square feet and one 3 bedroom 1 bath garden unit that measures 1,000 square foot respectively. Three units also feature their own built-in gas-operated fireplaces.
This property is surrounded by many major retailers such as Walgreens, Cermak Supermarket, and AutoZone Auto Parts as well as many well-known local restaurants and shopping centers nearby, especially at the heart of Bucktown/Wicker Park where W North Avenue, N Milwaukee Ave, and N Damen Ave meet, 12 min walk from this building. That area is famous for having nice restaurants and shopping in Chicago. Moreover, three elementary schools and Wright College are all close. Last but not least this property is located just two blocks from Chicago's Iconic Humboldt Park, the 219 acre offers field house, a fitness center, and two gymnasiums, indoor-outdoor pools, lagoons, a golf course, tennis, basketball, soccer, and much more. All these factors make this 4 flat building an attractive choice for the young urban professional and families with kids to rent.
The property offers investors a unique opportunity to purchase a quality multifamily asset in a prime location, the ability to increase cash flow by raising rents, charging for parking and laundry while both simultaneously benefiting from the neighborhood's rapid price appreciation.
Location
Great Chicago Neighborhood property in West Town. Walking distance to public transportation and Humboldt Park. A half-block east of North Ashland Ave, just west of North Greenview Avenue.
