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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 with in-unit washer/dryer. All units are beautifully renovated and in great shape. Each unit has own heating/cooling/electric and 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

3,049 Sq.Ft. Lot

Features & Amenities

Interior

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

Area & Lot

Status Sold
LOT SIZE 3,049 Sq.Ft.
Type Multi-Family
Year Built 1898
Neighborhood Lakeview

Financial

SALES PRICE $1,325,000
Darrell

Darrell Scott

Lakeview

Dedicated to the lifestyle of twenty-somethings and families as it is to die-hard Cubs fans.

Work With Us

The Scott Group is a dynamic, top-producing real estate team that has built exceptional success on elite client experience. Team members listen carefully to client needs, pay close attention to every detail and deliver above-and-beyond service every day of the week.

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