Wonderful, well-cared for brick 2 Flat in Avondale. Incredible opportunity for investors and owner-occupied buyers as the property provides a strong cashflow, has a cap rate of 5.7%, and a healthy debt service coverage. The property features 3 units: A second floor 2 bed, 1 bath, and a heated enclosed porch/third bedroom unit, a first floor 2 bed, 1 bath unit, and a garden studio unit. The second and first floor units feature an eat in kitchen with a dishwasher, newer bathroom, hardwood floors, new stovetop, and lovely woodwork. The first floor unit has brand new hardwood floors in the living room. There is a new washer/dryer (free) shared between all units in the basement of the building along with tons of storage. The property has a large backyard that is perfect for hosting friends and a 2-car garage off the alley. Location is prime as the property is less than a 5-minute walk to the Addison Blue Line, less than a 5-minute drive to the Kennedy Expressway, Jewel Osco and Target. Close proximity to great local restaurants including Smoque BBQ, Honey Butter Fried Chicken, and many other hot spots. Easy street permit parking available. Located in a friendly neighborhood.
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Coldwell Banker Residential.
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Listing information last updated on May 25th, 2020 at 4:05pm CDT.