3325 N Sheffield Avenue , Chicago, IL 60657
Chicago, IL 60657
Description
Located in a prime east Lakeview location, the property is almost equidistant between the Belmont and Addison stops on the "L". The building contains five legally conforming apartments configured as four 3 bedroom, 2 bathroom units and one 2 bedroom, 1 bathroom apartment. Built from the ground up in 1999, the building has benefitted from numerous capital improvement since its construction. In the past 5-10 years, all the windows have been replaced, the roof was replaced and the rear porch structure is also new. 4 of the 5 tenants or M-T-M with all rents being well below market, allowing a new investor to come in and move rents to market within 90 days. The "L" improvement project is nearly complete as well. The last step is to repave and widen the alley, This work is scheduled to be finished prior to opening day (April 4th).
Details
| MLS# | 12299364 |
|---|---|
| Listing Type | For Sale |
| Style | Town House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1997 |
| Days On Site | 50 |
| Listing Provided By | Marcus & Millichap Chicago Apartment Brokers | Stephen Rachman |
Features
| Story(s) | 3 |
|---|---|
| Units | 5 |
| Acreage | 0.07 |
Market Activity 60657
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Learn More About This Property
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60657 |
| Area | CHI Lake View |
| Listing VS Median (In 60657) | |
Price: $2,400,000 low | high Med: $287,450 On site: 50 low | high Med: 39.500000 | |
