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2120 W Cullerton St 3 Unit Apartment Building $735,000 ($245,000/Unit) Chicago, IL 60608
Investment Highlights
- No Common Area Utilities
- Private Outdoor Space for Each Unit | Full Renovation (2018)
- Large Master Bedrooms
- In-Unit W/D | Tankless Water Heaters
- Modern Kitchens & Baths
- 100% Leased
Executive Summary
100% leased with 2 units at below market rents, allowing for significant additional upside upon lease renewal. Beautiful red brick three-unit building renovated with permit in 2018. Modern upgrades include central air conditioning, new plumbing and electrical systems, fully redesigned kitchens and bathrooms with contemporary finishes, new flooring throughout, and tankless water heaters.
Spacious master bedrooms large enough to fit a King Size bed, private outdoor spaces, and a shared rear patio offer residents an elevated living experience. The building also features on-site parking for 2-3 vehicles, a premium amenity in the area and no common utilities and minimum landlord expenses.
Spacious master bedrooms large enough to fit a King Size bed, private outdoor spaces, and a shared rear patio offer residents an elevated living experience. The building also features on-site parking for 2-3 vehicles, a premium amenity in the area and no common utilities and minimum landlord expenses.
Property Facts
| Price | $735,000 | Building Class | C |
| Price Per Unit | $245,000 | Lot Size | 0.07 AC |
| Sale Type | Investment | Building Size | 3,345 SF |
| No. Units | 3 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1908 |
| Property Subtype | Apartment | Parking Ratio | 0.6/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | RT-4 | ||
| Price | $735,000 |
| Price Per Unit | $245,000 |
| Sale Type | Investment |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 3,345 SF |
| No. Stories | 3 |
| Year Built | 1908 |
| Parking Ratio | 0.6/1,000 SF |
| Zoning | RT-4 |
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Freezer
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | - | - |
1 1
Exceptionally walkable
90/100
Fairly drivable
50/100
Strong public transit
80/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 17-19-312-040-0000 | Improvements Assessment | $31,332 |
| Land Assessment | $11,100 | Total Assessment | $42,432 |
Property Taxes
Parcel Number
17-19-312-040-0000
Land Assessment
$11,100
Improvements Assessment
$31,332
Total Assessment
$42,432
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2120 W Cullerton St
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