3325 North Sheffield Avenue Chicago, IL 60657

$2,400,000
$2,400,000
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Located in a prime east Lakeview location, the property is almost equidistant between the Belmont and Addison stops on the "L". The building contains five legally conforming apartments configured as four 3 bedroom, 2 bathroom units and one 2 bedroom, 1 bathroom apartment. Built from the ground up in 1999, the building has benefitted from numerous capital improvement since its construction. In the past 5-10 years, all the windows have been replaced, the roof was replaced and the rear porch structure is also new. 4 of the 5 tenants or M-T-M with all rents being well below market, allowing a new investor to come in and move rents to market within 90 days. The "L" improvement project is nearly complete as well. The last step is to repave and widen the alley, This work is scheduled to be finished prior to opening day (April 4th).

Located in a prime east Lakeview location, the property is almost equidistant between the Belmont and Addison stops on the "L". The building contains five legally conforming apartments configured as four 3 bedroom, 2 bathroom units and one 2 bedroom, 1 bathroom apartment. Built from the ground up in 1999, the building has benefitted from numerous capital improvement since its construction. In the past 5-10 years, all the windows have been replaced, the roof was replaced and the rear porch structure is also new. 4 of the 5 tenants or M-T-M with all rents being well below market, allowing a new investor to come in and move rents to market within 90 days. The "L" improvement project is nearly complete as well. The last step is to repave and widen the alley, This work is scheduled to be finished prior to opening day (April 4th).

  • Neighborhood
  • Type
  • County
    Cook
  • Area
    CHI - Lake View
  • Tax Amount
    $23,383
  • Status
    Active
  • Listing #
    12299364
  • Built
    1997
  • Listed on site
    24 days

Listed by:
Marcus & Millichap Chicago Apartment Brokers

mls source logo © 2020 Midwest Real Estate Data LLC. All rights reserved. Listing courtesy of Marcus & Millichap Chicago Apartment Brokers.
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Property details

Community Features

  • No HOA

Exterior features

  • No Pool
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