Property ID: 003CHLI017

Status: Active

Area: Lake View

City: Chicago

Number of Units: 3

Layouts: 3 Bed - 1 Den 2 Bath (Duplex Down -1 Unit) / 2 Bed 1 Office, 1 Den 1 Bath (2 Units) 

Rehab Year: 2017-2018-2022

Rehab Work: 

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Building Updates:

ALL NEW ROOF (Complete tear off of the old roof) (2022)

UPDATED ELECTRICAL (Breakers & Fuse Boxes)

ALL NEW RE-PIPE OF BUILDING AND ALL UNITS 

NEW TUCKPOINTING and PARAPET WALLS

ALL NEW ENCLOSED BACK PORCH and COMMON REAR STARIS from the ground up.

All NEW WINDOWS Throughout Building (2017)

ALL NEW INDIVIDUAL HVAC SYSTEMS for ALL 3 UNITS WITH NEW DUCT-WORK, FORCED AIR, AC & HUMIDIFIER (2017)

Unit Updates:

- 3rd Floor Unit: (2 Bed, 1 Office, 1 Den, 1 Bath) GUT-REHAB with NEW KITCHEN AND NEW BATHROOM. (2021)

- 1st Floor Unit: (Duplex Down 3 Bed, 1 Den, 2 Bath) GUT REHAB with NEW KITCHEN and NEW BATHROOMS, and FULLY REHABBED BASEMENT and MASTER SUITE (2020)

- 2nd Floor Unit: (2 Bed, 1 Office, 1 Den, 1 Bath) REHAB with updates to KITCHEN and BATHROOM (2018)

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Gross Yearly Income: ~$80,000 (Current- Under Market)

Gross Yearly Income: ~$102,000 (Proforma) (Unit 1: Duplex Down: 3 Bed 1 Den 2 Bath: $3500 / Unit 2&3: 2 Bed 1 Office, 1 Den 1 Bath: $2500)

2021 Tax: $18,530

Total Yearly Expenses: ~$22,830 (Current)

Net Operating Income (Yearly): ~$57,170 (Current)

Net Operating Income (Yearly): ~$79,170 (Proforma)

Occupancy: 100% 

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Tenants Pay: Gas, Heat, AC and Internet

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Link to 3D Tour: https://www.zillow.com/view-3d-home/5c4f8b22-5b01-40fa-a568-89b927dbc19d/?utm_source=captureapp