12 Unit Multi-Family | Logan Square
For Sale
12 Unit Multi-Family | Logan Square
Asking Price: $3,225,000
| Cap Rate: 5.35%
Property Highlights
- Arm-chair Investment Opportunity: Renovated investment property in one of Chicago’s most popular neighborhoods.
- The Property is in close proximity to two CTA Stations servicing the Blue Line. The Belmont stop is .5 miles northeast of the property whereas the Logan Square stop is also .5 miles south of the property.
- Management and Rental Upside: A new owner who is more aggressive in their approach can successfully raise rents with as-is finishes for no cost.
- In 2016 the building was updated with new electric service, new copper plumbing, and HVAC throughout. In 2019, ownership spent approximately $100,000 on tuckpointing and rebuilding the brick balconies.
