2058 W Erie ST Open House Save Request In-Person Tour Request Virtual Tour
Chicago,IL 60612
OPEN HOUSE
Fri May 02, 3:30pm - 6:00pm Sat May 03, 10:00am - 12:00pm
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12350263
Bedrooms 10
Maintenance Fees $3,200
Year Built 1890
Annual Tax Amount $14,422
Tax Year 2023
Property Sub-Type Two to Four Units
Property Description
4-unit building (3 units plus 2-story coach house) in Ukrainian Village available for owner occupancy, or simply as an investment with $80,000 of in-place net operating income, a 7.0% in-place cap rate at the listed price. Recently renovated with central air-conditioning, in-unit laundry, new porches (2020), new vinyl siding (2022), new windows (2022), and a new flat roof (2020). Front building consists of English Garden 2 bed/1ba, 1st floor 3 bed/1ba, 2nd floor 3bd/1ba. Property includes a separate 2-story Coach House with 2 bed/1ba and large rooftop deck overlooking the common area fenced yard. Opportunity to capitalize on the growing rents in the neighborhood given its proximity to the retail corridors of Damen and Division to the north as well as the West Loop and Illinois Medical District to the South. Surprisingly easy street parking, no permit required. Agent Owned.
Location
State IL
County Cook
Area Chi - West Town
Zoning MULTI
Interior
Heating Natural Gas
Exterior
Exterior Feature Balcony,Roof Deck,Fire Pit
Roof Type Asphalt,Flat
Building
Dwelling Type Two to Four Units
Building Description Vinyl Siding, No
Sewer Public Sewer
Water Public
Structure Type Vinyl Siding
New Construction false
Schools
School District 299 ,299, 299
Others
Special Listing Condition None