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Main » Chicago Search » West Town Neighborhood » MLS11900403

1730 N Francisco Avenue, Chicago, Illinois 60647

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Listing Status: Re-activated
Neighborhood: West Town
City: Chicago

MLS ID: #11900403
List price: $1,095,000
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Agent Description:

Do not miss out on this turnkey, brick 3-flat with garden in-law unit located at the intersection of Wicker Park, Logan Square, and Humboldt Park. Half block from the 606 Trail! Close to the Western and California Blue Line stations. Building rehabbed in 2018. Easy maintenance for next owner. Rents have not been raised in years and are currently below market. A savvy new owner / investor can raise combined monthly rents to ~$2,500 for each 3 bedroom unit with no additional work, resulting in an 8% cap rate and 6% cash on cash return. Total monthly rent of $7,425 can be raised to $9,200 for all 4 units. The 3 main units are all rehabbed 3 bedroom - 1 baths, featuring updated kitchens and bathrooms, sun room, large back porch, central air, in-unit washer / dryer, hardwood floors, and newer windows. In-law garden suite is an updated 2 bedroom - 1 bathroom w/ additional rent of $1,550. Building is in the ADU zone. 3 car parking pad in the back. Building recently tuckpointed. All units are separately metered for utilities. Great investment opportunity with two leases month-to-month! A new owner could move into 1 unit and raise the rents on the others or continue to rent out all units. Take advantage of the new conventional loan program allowing only 5% downpayment on owner-occupied 2-4 unit buildings!

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Mino Scivittaro

Neighborhood Loans

Mortgage Banker

m: 630-534-9382

GET FREE LOAN APPROVAL

Mino Scivittaro NMLS# 227820, License 227820 agent of Neighborhood Loans located at 1333 Butterfield Rd Suite 600, Downers Grove, IL 60515. Phone +1 (630) 546-9386 Company License 1657322 NMLS# 222982. Equal housing opportunity.

WE BUY HOMES
IN THE NORTHWEST SUBURBS


Property Details

Listing courtesy of Roman Roman, Fulton Grace Realty

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