Cook, US
Six units in two, side-by-side classic Chicago row homes makes this an incredible investment offering (1849 & 1851 N Lincoln Ave.) Several options for investors here including: 1. Keep the six units leased and cash flow on this turnkey investment opportunity. 2. Convert select units into Airbnb rentals for additional cash flow opportunities. 3. Convert the properties back to multimillion dollar single family homes. Once single family homes the properties were converted to three units in each building spread over three floors under single ownership being sold as a package. All six units share an incredible roof top deck. The property has undergone several renovations including a new boiler (2020), roof resurfacing (2018), Facade redone (2017), tuck pointing (2018), common areas redone (2019), furnace replaced (2019). Ideal Lincoln Park location just two blocks from the park, beach and Gold Coast shopping.
Courtesy Of: Fulton Grace Realty
Feature Highlights
- Built Before 1978
General Features
- List Date:
- 08/03/2020
Interior Features
- Agent Owned/Interest:
- No
- # Of Rooms - Unit 2:
- 4
- # Of Rooms - Unit 1:
- 3
- # Of Bdrms - Unit 1:
- 1
- # Of Bdrms - Unit 2:
- 1
Exterior Features and Amenities
- Area:
- CHI - Lincoln Park
- Exterior Building Type:
- Brick
- Lot Dimensions:
- 40X57X42X85
Financial
- Contract Date:
- 2020-08-17T05:00:00
- Update Date:
- 2020-09-28T21:33:02
- Taxes:
- 26117
- Status Date:
- 2020-08-18T21:43:30
- Net Oper Income:
- $92,922.00
- Market Time:
- 79
- Listing Market Time:
- 59
- Listing Type:
- Exclusive Right To Sell
- List Date Received:
- 2020-08-03T19:59:40
- Gross Rental Income:
- $137,760.00
- Electricity Expense:
- 1475
- Contingency Flag:
- Attorney/Inspection
- Cooperative Compensation:
- 2.5% -295
Other Features
- Approx Year Built:
- 1925
- Zoning Type:
- MULTI
- Back on Market Date:
- 2020-08-18T05:00:00
- Township:
- North Chicago
- Are any property photos virtually staged?:
- No
Directions
EAST SIDE OF LINCOLN JUST SOUTH OF WISCONSIN ON EAST SIDE OF STREET..TWO BUILDINGS SIDE BY SIDE 1849 & 1851
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Data last updated: 2024-11-22.
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