FOR SALE
$2,400,000

862 W Lill Avenue
Chicago, IL 60614

Other
Commercial
N/A
Acre Lot
1of
Photos
Map
Courtesy: Berkshire Hathaway HomeServices Chicago
CB Today> Illinois> Chicago> 60614
Endless opportunities in the heart of Lincoln Park with 860-862 W Lill Ave. Enjoy a potential 5.6 cap rate in this 8-unit condo deconversion opportunity or start from scratch and develop this double lot (50x125) in a prime location for new construction. Zoned RT-4, this condo association consists of 8 -1 bedroom condos (7 tenants/1 owner occupied generating $154,600 in gross yearly rent). Projected/Stabilazed yearly gross income $177,000. All units have central heat and in-unit washer/dryers. Almost all units sport hardwood floors and dishwashers and have seen recent updates. The residents share 6 exterior parking spaces on first come, first serve basis. Currently a self managed HOA, the association can be dissolved through the sale of the property allowing investors and developers to use their imagination. Financials are available upon request. This sale is "As Is".
11388637
Other
1969
Cook
Brick
Loading...
The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100

Walk Score

Transit Score

Bike Score

Loading...