Wonderful opportunity to acquire a 6-unit income producing property located in an unbeatable, A+ Lincoln Park location. This property has favorable RT-4 zoning and is situated in close proximity to public transportation, including the Diversey "L" stop, which is just 2 blocks away. Numerous restaurants, shops, and entertainment options, all just outside the door. This apartment building currently generates rental income of just under $9,000 per month, with all tenants paying for their own gas, electric, and heating bills. The rents are low, and could be considerably higher, especially with minor cosmetic improvements. Each unit in the building has its own unique layout and features, such as hardwood floors, updated baths, and spacious living and dining areas. The building includes two top-floor, duplex penthouse apartments with vaulted ceilings and fireplaces. Additionally, the back yard features a lovely common outdoor patio and 2-car parking. 2765 N. Kenmore Avenue is a charming and well-maintained apartment building located in highly sought-after Lincoln Park, one of Chicago's most popular neighborhoods. Solid building with solid returns and room to increase income. Situated on a tree-lined street among other multi-million dollar properties in a prime rental location, there couldn't be a better location for your long-term investment.
Baird & Warner