Cook, US
A fantastic opportunity to own a portfolio of nine (9) condos located between two buildings in West Ridge. A new owner will have a 7.90% CAP rate on current #'s and the potential to unlock a 9.58% CAP rate. The portfolio boasts an attractive unit mix of spacious 2-Bed and 3-Bed units. Four (4) units are located in a s-shaped courtyard building at 2338-44 W. Granville / 6200-04 N. Claremont Ave. comprised of 19 total condominium units. The other five (5) units are located at 2618-20 W. Rosemont / 6301-05 N. Talman Ave. which contains 14 condominium units in total. Both properties were completely gut renovated while being converted to condos during 2006-2008. The buildings were torn down to the supporting walls. Everything was rebuilt at this time including all new: floor plans, electrical, plumbing, HVAC, roof, windows, flooring, kitchens, baths, in unit W/D, etc. Both buildings are professionally managed with healthy reserves.
Courtesy Of: Triton Realty Group LLC
Feature Highlights
- Built Before 1978
General Features
- List Date:
- 04/17/2020
Interior Features
- # Of Bdrms - Unit 1:
- 2
- # Of Bdrms - Unit 2:
- 2
- # Of Bdrms - Unit 3:
- 2
- # Of Bdrms - Unit 4:
- 3
- # Of Rooms - Unit 4:
- 6
- # Of Rooms - Unit 3:
- 4
- Agent Owned/Interest:
- No
- # Of Rooms - Unit 2:
- 4
- # Of Rooms - Unit 1:
- 4
Exterior Features and Amenities
- Area:
- CHI - West Ridge
- Lot Dimensions:
- 55 X 175
Financial
- Listing Type:
- Exclusive Right To Sell
- Update Date:
- 2020-04-23T05:05:39
- Taxes:
- 18532
- Status Date:
- 2020-04-23T05:05:39
- Net Oper Income:
- $112,623.00
- Market Time:
- 156
- Assessment Includes:
- Heat,Water,Electric
- Listing Market Time:
- 156
- List Date Received:
- 2020-04-17T16:02:23
- Gross Rental Income:
- $145,500.00
- Cooperative Compensation:
- 2.0
Other Features
- Approx Year Built:
- 1929
- Are any property photos virtually staged?:
- No
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Data last updated: 2024-11-17.
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