1365 North Leavitt Street, CHICAGO, Illinois
1365 North Leavitt Street, CHICAGO, Illinois 60622 - 6-7% cap rate for this updated 3 unit in desirable Wicker Park neighborhood. When building is fully rented it grossed $6450/month. All units are in very good shape with updated kitchens and bathrooms, laundry in unit and separate hot water tanks and individual boilers for heat. Tenants pay all utilities except for water. Rear deck off of each unit provides outdoor space and 2 car parking pad in rear allows parking amenities for 2 of the units. Units in building lease easily due to in unit laundry, updated kitchens and bathrooms and easy access to blue line, 90/94 and shopping on Milwaukee and Western. Unit 1 is a unique duplex down with an open floorplan on the 1st floor and a bedroom and bathroom in the basement, could be a great work/live for an owner occupier, previously rented for $2200/month Unit 2 is a 3 bedroom, 1 bath previously rented for $1900/month, Unit 3 is rented for $2350/month with a lease expiring 3/18, the lease for unit 3 includes one of the 2 parking spots.
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Listing Courtesy of Coldwell Banker Residential
“I had an outstanding experience with the Luby Group. I had interviewed other realtors but they wanted me to price my house below what I considered to be its market value. I found the Lubys to be great. They responded to any request and always negotiated on my behalf. I sold my house in less than a month! Thanks, Lubys!”