
Listed by @properties East Lincoln Park
$1,200,000
1236 N Marion Court
Details
APN 17062270360000
Property Type Multifamily
Sub Type Apartment Building
NOI $55,265
Year Built 1892
Zoning MULTI
Multifamily
Marketing description
This all brick beauty is a hidden gem, tucked away on a pretty tree-lined street in the heart of Wicker Park! Currently a fully rented 3-flat with lovely apartments that rent easily, or poised for transformation into a gorgeous single family or owner duplex with a rental apartment. Gut renovated just before my client purchased in 2003, the building is well-maintained and in excellent condition. The 30' wide lot gives each unit a spacious floor plan with loads of light into each apartment. Each flat has gleaming hardwood floors, nicely appointed kitchens with dishwashers, and each unit has gas forced heat, central air, and in-unit laundry. The three apartments are rented at well below market rents, with each tenant paying for electricity and gas. Numerous improvements and attentive maintenance, including a rubber roof installed in 2020,stainless appliances and a new washer dryer in 2020 in the top floor apartment, the sewer lining was updated in 2022, with a' no-roots' guarantee on the sewer lining and the 20-year warranty transfers to the new owner. A handsome building in a prime location within Wicker Park, just steps to shops, restaurants, cafes, bakeries, Target, and a short walk to the Division blue line.
Listing Contacts

Listed by @properties East Lincoln Park
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$55,265.00
$4,605.42/mo
Valuation Metrics
0
DSCR
4.61%
Cap Rate
4.61%
ROI
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