Homesmart Connect LLC
Listed by Homesmart Connect LLC
$1,245,000
2330 W Thomas Street
Details
APN 17063040240000
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Units 6
Cap Rate 4.00%
NOI $43,085
Year Built 1917
Stories 3
Lot Size (SqFt) 3,600
Zoning MULTI
Multifamily | 4.00% CAP | 6 Units
Marketing description
Brick, vintage legal six flat in the heart of Ukrainian Village on a 30X120 lot. Front units are 5 room 2bd, 1ba, Rear units are 4 room 1bd + den, 1ba. All tenancies are currently MTM, 2nd floor front and rear is vacant for easy showing. Hardwood floors throughout, pantries, all apartments with balconies. Tear-off roof 2010, tuckpointing, parapet walls, flashings 2011, lintels, parapet masonry work 2023, updated electric, some newer windows, older plumbing. 1st fl units have GFA(new furnace 1F in 2014, 1R in 2025). The other four have space heaters(2 in front units, 1 in rear). Six water heaters and heating on separate meters. Tenants pay own electric except 1F is included in rent. Full, unfinished basement, enclosed back porches/staircases. Rear of building is a fenced in garden area with alley access. Income could benefit from some updating and TLC. Sold AS-IS. Fantastic location near Division St nightlife, East Village and Chicago Ave shopping and restaurants. Great opportunity!
Investment highlights
Almost a 2000 sf footprint, Front units approx 1150 sf, rear unit approx 750 sf. Amount of rehab and updating will determine end rental income
Listing Contacts
Homesmart Connect LLC
Listed by Homesmart Connect LLC
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$43,085.00
$3,590.42/mo
Valuation Metrics
0
DSCR
3.46%
Cap Rate
3.46%
ROI
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