2246 N Magnolia Avenue Chicago IL 60614 | MRD11711217

GORGEOUS BRICK MULTI-UNIT OFFERING A 6.3% CAP RATE IN THE PERFECT DEPAUL UNIVERSITY LOCATION! A BRICK BEAUTY NESTLED ON ONE OF THE PRETTIEST RESIDENTIAL STREETS IN LINCOLN PARK. EACH UNIT IS BEAUTIFULLY UPDATED AND FULLY OCCUPIED WITH THE POTENTIAL TO INCREASE RENTS. THIS UNIQUE PROPERTY OFFERS FIVE UNITS WITH ONE PIN, INCLUDING FOUR 1 BED/1 BATH UNITS PLUS A STUNNING STAND-ALONE 3 BED/ 2 BATH FARM STYLE COACH HOUSE WITH ALL NEWER WINDOWS AND HARDY PLANK SIDING FINISHED IN 2019! EACH UNIT CHECKS THE BOXES, EASY TO RENT WITH UPDATED KITCHENS & BATHS, CENTRAL AIR, IN-UNIT WASHER/DRYERS, HARDWOOD FLOORS, BRIGHT & SUNNY, AND WELL MAINTAINED. PLEASURE TO MANAGE WITH FANTASTIC TENANTS WHO APPRECIATE THE FINE TASTE AND DESIGN OF EACH UNIT. ADDITIONAL FEATURES INCLUDE HIGH CEILINGS, BUILT-IN CLOSETS, STONE COUNTERTOPS, SS APPLIANCES, & CUSTOM WINDOW TREATMENTS. LONG-TERM INVESTMENT WITH R-4 ZONING OFFERS INVESTORS AN EXCELLENT OPPORTUNITY TO ADD THIS BEAUTIFUL LINCOLN PARK PROPERTY TO THEIR PORTFOLIO. CRAWL SPACE OFFERS 2022 CONCRETE FLOORING AND LIGHTING, 2021 ROOF SILVER-COATED. STEPS TO HIGHLY RATED OSCAR MAYER SCHOOL, DEPAUL UNIVERSITY, CLOSE BY RED AND BROWN LINES, RESTAURANTS, SHOPPING, HIGHWAY ACCESS AND SO MUCH MORE! AGENT OWNED