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Amazing units with long-term tenants and below-market rents. While current income is strong, there is significant room to increase rents with little to no work. 7-unit loft apartment building located in Chicago's sought-after Pilsen neighborhood, steps away from 18th St., the main retail corridor, featuring endless restaurants, bars and entertainment options. The Subject Property was gut-rehabbed in 2005 and benefits from an extensive list of capital improvements. The spacious, loft-style units feature unique elements such as polished concrete floors, exposed brick, high ceilings, large bedrooms, and central heat and air conditioning. The property also includes a two-car garage with a sizable common rooftop deck above. A new owner may increase rents significantly by making only light cosmetic updates to the kitchens and bathrooms and installing in-unit laundry. Building Facts: Central Heat | Air Conditioning | New 400 AMP Service | All New Wiring | Individual Hot Water Tanks In Units | All Copper Plumbing| Vinyl Sound Insulated Windows | Floors Polished Concrete | 12 Year Tear-Off Year (Approximate) | Coin Laundry Hook-Ups in4F | Common Rooftop Deck Above Garage | Intercom Dial System
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Courtesy of: KW ONEChicago