1542 West Rosemont AvenueChicago, IL 60660Price: $1,425,000

  • Price: $1,425,000
  • 29 Days on Market
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Federal 30-year interest rate: 6.29% last updated on Sep 22, 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.
  • 1915Year Built

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Strong arm-chair investment with a ProForma Cap Rate of 6.86%! Rare opportunity to acquire this trophy property fully leased (most leases end 2023). Come seize the opportunity to obtain this all brick, center-entry 6 flat beauty that speaks of yesteryear era! Impeccably maintained and the cleanest building you'll find. Same family ownership for nearly 50 years which shows in the pride of how well the building is kept. Investor's dream with strong financials (6.86 CAP Rate). These apartments are super-appealing, easy-to-rent apartments that appeal to a vast population of renters. All units have newly renovated kitchens with fresh white shaker cabinets and granite countertops. Further updates/improvements could significantly increase rents or keep as it is now as the perfect arm-chair investment! All six units are 2-bedroom/one-bath. Clean, bright apartments with original hardwood floors, generous room sizes and storage galore! There are 2 different floorplans. Both are seven-room layouts with enchanting light-filled treetop sunrooms, defined living spaces with separate living rooms highlighted by decorative fireplaces flanked by built-in bookcases. Full formal dining rooms and enclosed 3 season backporches that function as additional living space or even more storage! Also, each apartment includes an enormous private storage room in the basement. High, clean, dry basement with owned coin-operated laundry. Picturesque garden with grilling and seating areas. Corner, all brick six-car garage! Property is on an over-sized corner lot on a beautiful tree-lined street in the residential Edgewater neighborhood! Near all the shops and restaurants of super-hip Andersonville within walking distance to the new Metra station coming at Peterson/Ridge!

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Listed by Timmy Gens and Karen Biazar of North Clybourn Group,Inc.

Based on information submitted to MRED  as of September 26, 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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