The search is over for the income producing property in Humboldt Park!
This four-flat is the perfect opportunity for an owner-occupied that will live for free while the other units pay for the mortgage and operating expenses.
This building is an investor’s cash cow to grow the investment portfolio and appreciate passive income with steady cash flow. The two front apartments feature 2 bedrooms and 1 bathroom with separate living rooms, dining rooms and kitchens. The rear apartment has been duplexed down to create a larger, comfortable layout featuring 4 bedrooms and 2 bathrooms, separate living room, dining room and kitchen. The basement front is finished with an-in law arrangement. The basement rear is the entertainment/man cave area along with a large laundry room. All of the appliances in the apartments and in-law arrangement stay with the property.
The market rents for 2 bedrooms in Humboldt Park are $1200+ and 4 bedrooms with 2 bathrooms are $1600+. That’s $4k a month in rental income!
Currently there are new construction homes being built within a 5-block radius.
This property is 5 minutes away from the I-290 (Eisenhower) expressway (south on Hamlin/Independence Blvd) and another 10 minutes East to downtown Chicago. There is a Walmart Super Center 8-minutes away. As-Is.