Sold

$1,325,000

1456 W Fletcher St

1456 West Fletcher Street, Chicago, IL 60657

Description

Over $112000 (market $151,200) in annual rents. RENTS CURRENTLY BELOW MARKET VALUE BY $200 p/b YET STILL A 5% CAP RATE. Take advantage of this opt to own a stately lakeview 4-flat in burley school district; raise rents to market and receive 7-9% cap rate. Fourteen beds. Total rent income monthly $9400 (market 12,600/$151,200 annual market) first floor units nicely renovated and duplexed down w/ in-unit w/d. All units are beautifully renovated and in great shape. Each unit has own heating/cooling/electric & pay utilities. All have central air/hvac. High basement ceiling height. Solid brick building that has been well maintained. Additional storage units in basement. Very well maintained building.

Features

14 Beds

8.5 Baths

0.07 Acres Lot

Features & Amenities

Interior

Total Bedrooms 14
Total Bathrooms 8.5
Full Bathrooms 8
Half Bathrooms 1

Area & Lot

Status Sold
LOT SIZE 0.07 Acres
Type MULTI_FAMILY
Year Built 1898

Financial

SALES PRICE $1,325,000

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