5 bedroom house for sale
$2,699,999 - Chicago IL 60610Chicago IL 60610
5 bedroom house for sale
- Beds: 5
- Baths: 4.5
- Price: $2,699,999
- Reference No.: 71699137
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Overview
The site is zoned B3-5, Community Shopping DistrictMonthly rent roll = $21, 000+ (Billboard = $4, 000, Commercial Unit = $4, 750, Penthouse = $6, 200, Unit 2R = $3, 100, Unit 2F = $3, 100). The building was 100% gut rehabbed (including the commercial unit). THERE IS A $4, 000 / PER MONTH BILLBOARD ON THE SIDE OF THE BUILDING THAT HAS A LONG TERM LEASE! Commercial unit gets $4, 750 a month from a successful barber shop (on year 2 of 10 year lease) 1 Billboard, 1 Commercial unit, 3 Residential units that were gut rehabbed in 2023! Furthermore, the Penthouse unit has the City approved short-term rental license. You can legally rent out the Penthouse as an Airbnb! This property is a cash cow and can generate approximately $255, 000+ in annual revenue. Building comes fully furnished/turn key for furnished short-term rentals. GREAT INVESTMENT! 15%+ cash on cash return, 10% = cap rate. The subject property is comprised of a +/- 2, 500 SF land site improved with a +/- 6, 300 SF 2.5-story, brick, mixed-use (commercial and residential) building in the Old Town neighborhood of Chicago. The ground/garden level of the subject is comprised of a rented commercial storefront unit totaling approximately 2, 000 SF. The 2nd floor is comprised of 2 MTM furnished rentals. Each unit is a 2 bed unit. The top floor consists of a single, large residential apartment unit that spans the entire floor and measures approximately 2, 000 SF. This unit is legally licensed as an Airbnb. The site is zoned B3-5, Community Shopping District. Manager would like to stay on to manage the short term rentals. This property has great cashflow, even@8% interest rates! For more details and to contact: https://realtyww.info/homes_chicago-d523258/for-sale_i71699137
House Chicago
This House for sale is located at Chicago IL 60610. The home has 5 Bedroom and 4.5 Bathrooms. This 5 bedroom House in Chicago IL is for sale for $2,699,999 .
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2024-05-11, Viewed 2 times.
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The information about this listing comprises a listing advertisement. Listanza makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information. Further, Listanza has no control over the content. The information is provided and maintained by the owner/agent. Please contact the owner/agent directly to obtain any additional information.
2024-05-11, Viewed 2 times.
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