2253 N Magnolia Avenue
Chicago, IL 60614

Lincoln Park / DePaul brick 3 flat + 3 level coach house - first time on the market in 27 years, this building is perfect for an investor or someone who wants to live in the coach house with the other 3 units offsetting their mortgage payment. Tenants pay their own utilities. Units rent very easily, and there is room in the rents for an increase. Gross income of $8,825 per month with a cap rate of ~5.5%. Taxes $24,137. Insurance $3231 Utilities $1748 (water & electric). No garage/parking but VERY easy street parking. Coach house is 3 levels with 2 bedrooms and full bath upstairs, Kitchen / DR/ LR on main floor and bedroom, bathroom, laundry room / mechanicals on 1st floor. CH - new windows (2012) newer kitchen, new roof (2015) Tuckpointing 2015. The 3 unit building in front is easy to rent and has an unfinished basement with storage and shared coin laundry. 3 flat has storage and shared laundry in the basement. All of the units have been updated over the years - ask agent for a copy of the upgrades (including kitchens/baths/window/hot water heaters, etc).