Presenting a fantastic investment opportunity in the heart of Wicker Park! This stunning 3-story brownstone features six fully leased flats, providing immediate rental income. The property offers two avenues to increase value. There is both add value potential, and the ability to increase rents with most of these units currently well under market. The building boasts classic architectural details and is well-maintained, ensuring long-term value and appeal. The property level is dug out around the building, making both garden units true English gardens with full-sized windows and doors complete with outdoor patios. Both 1R and 2R have outdoor decks. Both units on the first floor are large open units with renovation potential. The two duplex units on the second floor have plenty of upward mobility being both ready for renovation and well under market. Additional income streams from this property include potential for three outdoor parking spots as well as four coin-operated laundry machines. Lastly, some units have been updated with stainless steel appliances and granite countertops (not pictured). Being located in the heart of Wicker Park, one of Chicago's most desirable neighborhoods, makes it easily walkable to a plethora of restaurants, cafes, shops, grocery stores, nightlife, parks, the highway, CTA public transportation, as well as the 606 bike trail. Whether you're looking to expand your investment portfolio or embark on a new development project, this property offers immense potential. Don't miss out on this exceptional opportunity in one of Chicago's most vibrant neighborhoods, Wicker Park!
Based on information submitted to the MLS GRID as of 10/31/2024 03:07 AM. 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.
NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.