Nestled in the vibrant Portage Park area, this property features an 8 unit building with a footprint of a 9 unit structure. The offering includes a spacious former owner's unit comprising 8 rooms, four bedrooms, and one and a half baths, along with a mix of other large units: (2) 5 room, two bedroom, one bath units, (3) 4 room, two bedroom, one bathroom units, and (2) 3 room, one bedroom, one bath units. The property boasts recent upgrades, including a roof, hot water heater, and boiler that were replaced in the last 5 years, as well as 10 year old windows. Within the past year, the entry doors, doorbells, and intercom system have been renewed, ensuring a modern and secure living environment for tenants. Moreover, the convenience of a 2.5 car garage, 3 surface parking spots, and on-site laundry facilities adds to the property's appeal and tenant satisfaction. This investment opportunity presents the allure of "armchair management, " with units in good condition and potential for rent increases upon turnover. The option to reconfigure the former owner's unit into separate two-bedroom and one-bedroom units offers an enticing avenue for increased income generation. In summary, this property not only promises stable returns but also provides a solid foundation for further value enhancement in the heart of sought-after Portage Park.

Listing Courtesy of MRED as distributed by MLS Grid of EXIT Strategy Realty 312-554-5478



Based on information submitted to the MLS GRID as of 2024-05-01 05:20 AM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Data last updated: 2024-05-01 05:20 AM UTC
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