Stable 6-unit mixed-use building in the heart of East Humboldt Park, immediately west of Wicker Park. Entire building was completely gut renovated in 2018. New commercial lease through 11/30/2027 with annual rent increases and one 5-year renewal option. All apartments were gut renovated and feature a mix of 1, 2 and 3 bedroom units, ideal reconfigured layouts, in-unit laundry, central HVAC, hardwood floors throughout, high-end finishes. 2-car parking pad in back. Separately metered utilities and electric panels in-unit. Bundled services plan has been implemented which includes Comcast internet for residents. List price reflects 5.9% in-place cap rate with ability to move apartment rents to 6.35% cap rate. Annual retail rent increases will continue to push the cap rate up. Turnkey investment in a great location.

Based on information submitted to MRED as of June 8, 2023 . 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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Your Questions & Comments I found a listing on "The Jelinek Group" which you may be interested in:

2721 West Division StreetChicago, IL 60622Price: $1,550,000

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The Jelinek Group