Description
Excellently maintained 6-unit brick in Tri-Taylor/University of Illinois area, generating $153,300 annually! Updated apartment units one block from UIC East campus. Mix of (1) 4bd/1.5bath, (2) 3bd/1.5bath, (2) 2bd/1bath, and (1) 1bd/1bath units in a premier location. Property generates stable income with a 11.65 GRM and a 6.45% CAP rate. 5 units have in unit W/D and central air. Each unit has a separate washer/dryer. Capital improvements exceed +100K over the last several years. Property is centrally located near all public transportation and within minutes of the Central Business District. Proximity to campus provides a steady and active market. The true heart of the neighborhood is Taylor St, where you will find long-time restaurants that span generations. UIC has increased its enrollment for 6 straight years. OM and financials located in "Additional Information".
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School Ratings & Info
Description
Excellently maintained 6-unit brick in Tri-Taylor/University of Illinois area, generating $153,300 annually! Updated apartment units one block from UIC East campus. Mix of (1) 4bd/1.5bath, (2) 3bd/1.5bath, (2) 2bd/1bath, and (1) 1bd/1bath units in a premier location. Property generates stable income with a 11.65 GRM and a 6.45% CAP rate. 5 units have in unit W/D and central air. Each unit has a separate washer/dryer. Capital improvements exceed +100K over the last several years. Property is centrally located near all public transportation and within minutes of the Central Business District. Proximity to campus provides a steady and active market. The true heart of the neighborhood is Taylor St, where you will find long-time restaurants that span generations. UIC has increased its enrollment for 6 straight years. OM and financials located in "Additional Information".
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