5415 North Ashland Avenue is a $475,000, 7 bedroom home located in Chicago, IL.
Hot Location! Big Profits! Great Cash Flow! Investors don't miss out on the opportunity to purchase a Brick 2 flat in one of the most desirable neighborhoods in Chicago - Edgewater! This property includes one 3 bed, 1 bath unit, one 2 bed, 1 bath unit and a garden unit with 2 beds and 1 bath. Renovated sold comparable 2 and 3 unit properties in Edgewater within a mile of this building sold for an average of $855,000! Gut the garden unit and cosmetically upgrade the other two units to make a $300,000+ profit! Once renovated, the 3 bedroom unit can rent for up to $2,100 per month and the 2 bedrooms can rent for $1,700 per month - $5,500 in gross monthly rental revenue or $66,000 in gross annual rental income! Owner lives in the top unit and the other two units have month-to-month leases! Buyer will need to purchase "as is". The owner is installing a brand new back porch in April of 2018 - this is a $25,000 value to the new owner!
|# Parking Spaces||2|
The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Listings marked with the Broker Reciprocity icon (above) are provided courtesy of Midwest Real Estate Data, LLC. Broker Reciprocity Database. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.