$ 1,395,000
1900 N Bissell ST Chicago, IL 60614
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$ 1,395,000
Est. payment | /mo
8 Beds
$ 1,395,000
Est. payment | /mo
8 Beds
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
Subdivision Depaul
MLS Listing ID 12129896
Bedrooms 8
Year Built 1886
Annual Tax Amount $18,735
Tax Year 2023
Lot Dimensions 25 X 60
Property Description
Beautiful Brick Turnkey Investment Apartment Building in DePaul/Lincoln Park. This property is located on the train side, but residents think it's the best-kept secret in the area. Discover this prime investment opportunity in the highly desirable DePaul/Lincoln Park neighborhood. This charming brick building features three well-maintained apartments plus one non-conforming garden unit. Each unit boasts newer kitchens and bathrooms, high ceilings, and elegant vintage woodwork. The property is equipped with central gas forced air (GFA) heating and air conditioning. The building generates an impressive $115,000 in yearly gross rental income, with the potential for additional earnings from continued rent growth in the area. Located on a beautiful tree-lined street, this property offers residents the perfect balance of urban convenience and neighborhood charm. Situated just one block from the Armitage L stop and five blocks from the DePaul University campus, this property is also within the Oscar Mayer Elementary School District. The proximity to a small park next door and ample zoned parking add to the appeal for potential tenants. Invest in one of Chicago's most sought-after neighborhoods with this solid, income-generating property. Don't miss out on this fantastic investment opportunity! All tenants are on standard leases with a fantastic management company in place. Layouts are attached. Bedrooms are on the smaller end, but haven't affected leasing capabilities. Roof inspection was just completed and report is available. Overall, the roof is in great shape.
Location
State IL
County Cook
Area Chi - Lincoln Park
Zoning MULTI
Rooms
Basement Full
Interior
Heating Natural Gas
Fireplace N
Exterior
Waterfront false
Roof Type Flat
Building
Dwelling Type Two to Four Units
Sewer Public Sewer
Water Lake Michigan
New Construction false
Schools
Elementary Schools Oscar Mayer Elementary School
High Schools Lincoln Park High School
School District 299 , 299, 299
Others
Ownership Fee Simple
Special Listing Condition None
© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Alexandre Stoykov • Compass
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