5415 N Ashland Avenue
Chicago, IL 60640
- 7 beds
- 3 baths
- – sqft
- 1896 build
- – on site
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Hot Location! Big Profits! Great Cash Flow! Investors don't miss out on the opportunity to purchase a Brick 2 flat in one of the most desirable neighborhoods in Chicago - Edgewater! This property includes one 3 bed, 1 bath unit, one 2 bed, 1 bath unit and a garden unit with 2 beds and 1 bath. Renovated sold comparable 2 and 3 unit properties in Edgewater within a mile of this building sold for an average of $855,000! Gut the garden unit and cosmetically upgrade the other two units to make a $300,000+ profit! Once renovated, the 3 bedroom unit can rent for up to $2,100 per month and the 2 bedrooms can rent for $1,700 per month - $5,500 in gross monthly rental revenue or $66,000 in gross annual rental income! Owner lives in the top unit and the other two units have month-to-month leases! Buyer will need to purchase "as is". The owner is installing a brand new back porch in April of 2018 - this is a $25,000 value to the new owner!
Listing courtesy of MRED / Keller Williams Premiere Properties as distributed by MLS GRID
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Last updated May 21, 2024
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MLS# 09884476 —
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Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
8/30/18
Aug 30, 2018
|
Sold | MRED | $455,000 |