Chicago Real Estate Resources, Inc. (CRER) presents a rare opportunity to invest in a boutique five-unit apartment building located in desirable West Rogers Park neighborhood of Chicago. This property is situated on a huge 7,125 sf (57’ X 125′) site with a detached (3) car garage and two outdoor parking spaces. Each unit contains (2) bedrooms and (1) bathroom, one of the five units is located on the garden level. Each unit has its own separate (tenant paid) radiant heating system.
This highly desirable West Rogers Park location offers tenants’ easy access to public transportation restaurants, neighborhood shopping and the beach.
• Current cap rate 6.1%, potential value add cap rate 7.38%
• Roof replaced in 2002, full tear off and replacement
• New thermo-pain windows installed in 2000
• Immaculately maintained building
• Separate (tenant paid) radiant heating systems, one boiler for each unit
• (3) car garage and (2) outdoor parking spaces