A cash positive investment property - the best of all worlds! You will love the classic style throughout this well-maintained three-unit building with opportunity around every corner. Details like natural light pouring in through big windows and skylights, and exposed brick accents helps keep this classic beauty in line with its time. Recent renovations draw renters to stay long-term. The renovated first floor unit is 2 bed/1.5 bath and boasts a fireplace, high ceilings, in-unit laundry and an enclosed porch for additional storage. Exposed brick and duct work compliment the modern renovations in the kitchen and bath, and the large, equally-sized bedrooms both feature a barn door to the closets. The second floor duplex up is unlike any other in the area with 2700 SF, 3 bedrooms on the 2nd level and a large living, dining, kitchen and den on the 3rd floor. 2 full bathrooms, one on each floor, plus walk-in closets, pantry and tons of storage make this a desirable home for nearly any type of tenant. Exposed brick and tons of natural sunlight from the added skylights complete this amazing unit. The lower level studio boasts almost 1300 square feet of open living space! Tenants will love the laundry room on the same level, plus the enclosed porch for extra storage. All of that within a few blocks of the Blue Line, bars and restaurants on Division, parks, boutique stores and more!! All three units are currently rented through 2021 with long-term tenants.Two exterior tandem parking spaces in the back of the building are also included. Recent projects include tuck pointing, roof work, 2nd floor renovations and more! CAP rate is 4% with potential for 5%+, and current GRM is at 17.0 and projected GRM at 12.89.

Listing courtesy of MRED / Compass as distributed by MLS GRID

Last checked: Checking… • Last updated Apr 5, 2024 • Source: MRED

MLS# 10966152 — Report a problem