3865 N Elston Ave | Chicago, IL 60618
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- LoopNet Team
3865 N Elston Ave
Chicago, IL 60618
Multifamily Property For Sale
·
5 Units
Investment Highlights
- Fully rented, cash-flowing property.
- Existing leases are significantly below market.
- property’s mixed-use classification is assessed at 10% (residential) instead of 25% (commercial), which keeps RE taxes reasonable.
- Short-term leases provide flexibility for investor-buyer to renovate and re-lease at their own pace
- increase gross operating income by 90%+ after renovations and raising rents to current market levels.
- Convenient access to public transportation
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Walk To Campus
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | - |
| 3+2 | 1 | - | - |
Property Taxes
| Parcel Numbers | Improvements Assessment | $78,318 | |
| Land Assessment | $29,362 | Total Assessment | $107,680 |
Property Taxes
Parcel Numbers
Land Assessment
$29,362
Improvements Assessment
$78,318
Total Assessment
$107,680
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