1429 West Chicago AvenueChicago, IL 60622Price: $1,399,000

  • Price: $1,399,000
  • 131 Days on Market
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Federal 30-year interest rate: 3.56% last updated on Jan 20, 2022
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • 1892Year Built

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Great investor opportunity to own a High Income, mixed-use property in red-hot West Town. Classic Chicago, brick 3 story, mixed-use building with 3 apartments plus a Store w/ basement. Currently operating at a 6.9% CAP (and 8.9% cash-on-cash). Annual income of $118,440 and NOI of $96,376. This building is in great condition. Store is 2100 sq ft and duplexed to the finished basement and is leased for 5 years at $3500/mo. The apartments are always in demand and rent easily. Apartment mix is: two, 3-bedroom units and a 2-bedroom coach house located above a 2 car garage. Utilities are separated with GFA heat & AC and tenants pay gas/electric. All units have W/D. Shaded courtyard between the buildings provides a relaxing spot to hangout. Located on a booming stretch of Chicago Ave in West Town close to everything - downtown, expressways, CTA Blue line, shops, dining, etc. This building is perfect for someone who wants to start collecting rent from day 1 - no projects here. Schedule today!

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Listed by Ashley Carter and Frank Rodriguez of Keller Williams ONEChicago

Based on information submitted to MRED  as of January 25, 2022 . All data is obtained from various sources and has not been, and will not be, verified by broker or MRED.   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.

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