738 S Claremont Avenue Chicago IL 60612 MLS #MRD11809506

Hot Tri-Taylor 3-flat in prime location near Cinespace Chicago campus! This classic 3-flat has three individual apartments. The first floor is a duplex down with two bedrooms and 1 bath on main level and bedroom and bathroom in basement. First floor is a perfect live in owner unit or could lease for $2000. Second and third floors have two bedrooms and one bathroom with an office space or a den. First floor has newly refinished maple floors along with freshly painted interior and new light fixtures in the apartment. Building currently has two long terms tenants on the second and third floor. Rents are below market and have upside potential. Great potential to increase income! Newer HVAC’s on second and third floor and have recently been serviced. Large wooden back decks for each apartment and fully landscaped front and back of property. 2-car garage onsite. Unit 2 is leased at $1500 with parking until 5/31/24, Unit 3 is leased $1300 no parking until November 30th, 2023. Property has a projected net income of $4800 a month or $57,600 annually. Property taxes are $10,894.58 annually, insurance $3,000, and water and garbage are $2,000. Gross income of $41,705. With a CAP rate of 6.7%!! November 2022 building had repaired and welded all-roof-seams. Water-proofed the entire-roofing-system. By applying (Locus) Aluminum-protective-roof-coating over the entire roofing-system. Giving roof a long-lasting protection and a watertight-seal. Sit back and collect rental income in booming Near West side of Chicago in an amazing location. The Blue Line is 2 blocks away and I-290 access into downtown or western suburbs. Perfect location to navigate around Chicago! Minutes from UIC, Talyor Street, Medical district, Fulton Market, and West Town. Agent owned property. Owner is IL Licensed Real Estate Broker.