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
The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of MRED LLC. Real Estate listings held by brokerage firms other than Hometown Real Estate are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data last updated: 2024-11-13.
Copyright 2024 MRED LLC
All rights reserved.