$1,799,000

Great investor opportunity to own a High Income, fully leased, mixed-use property in red-hot West Town. Classic Chicago, brick 4-story, mixed-use building with brick 2-story Coach House. 7 apartments plus a Restaurant w/ basement. Currently operating at a 6% CAP. Rents are below market, easy 7% CAP. Annual income of $195,696 (Modified Gross) and NOI of $108,665. This building is in great condition and has been well-maintained over the years. Restaurant space is 1600 sq ft and has access to the semi-finished basement. The current lease goes until Dec. 2025 and is personally guaranteed. The apartments are always in demand and rent easily. Apartment mix is: three 2-bedroom/1.5 baths, three 2-bedroom/1 bath and the 3-bedroom/1 bath Coach House. Utilities are separated with GFA heat. Tenants pay gas/electric. 2 units have W/D. There is a shared, coin-operated laundry room on the 2nd floor. Rear units all have large steel porches. Rooftop access (Roof is only 5 years old). Located on a booming stretch of Chicago Ave in West Town close to everything - downtown, expressways, CTA Blue line, shops, dining, etc. This building is perfect for someone who wants to start collecting rent from day 1. Schedule today!