Chicagoland Brokers, Inc.
Listed by Chicagoland Brokers, Inc.
$979,000
4158 W Potomac Avenue
Details
APN 16032260210000
Property Type Multifamily
Sub Type Apartment Building, Apartment/Condo
Units 8
Cap Rate 7.20%
NOI $70,476
Year Built 1924
Stories 2
Zoning MULTI
Multifamily | 7.20% CAP | 8 Units
Marketing description
Welcome to 4158 W Potomac in the heart of Chicago's West Humboldt Park neighborhood. Located at the corners of Potomac and Keeler, this well-maintained 8-unit brick building is a solid value-add opportunity in a growing neighborhood with strong rental demand. The property offers three different floor plans-2 north-end units, 4 middle units and 2 south-end units-2 front entrances and a gated courtyard. All 8 units consist of 2 bedrooms, 1 bath and deck, hardwood floors in living/dining rooms and bedrooms, ceramic tile in kitchens and bathrooms. The 4 end units feature a separate dining room, and the middle units have eat-in kitchens. All units have separate forced-air heat. Separate utilities paid for by tenants. Landlord pays for water. Coin-operated laundry for extra income. The owner has done extensive updates throughout the years to all the units as well building. Too many to list here! Great opportunity for a savvy investor in a prime location. Property is being sold AS IS. Conveniently situated steps from the new Amazon fulfillment center and shopping center, this property is perfect for tenants seeking convenience. Ideally situated in proximity to several lines of public transportation, schools, parks, and essential shopping. Schedule a showing today and discover the potential of this remarkable property!
Listing Contacts
Chicagoland Brokers, Inc.
Listed by Chicagoland Brokers, Inc.
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$70,476.00
$5,873.00/mo
Valuation Metrics
0
DSCR
7.2%
Cap Rate
7.2%
ROI
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