CORE MULTIFAMILY INVESTMENT - UKRAINIAN VILLAGE Fully-leased 3 unit building in Chicago's trendy Ukrainian Village neighborhood. A safe, core property in a highly desirable area. The listing broker projects an initial cap rate of 5.8% at purchase, with a 9.7% all-cash IRR over a 10-year holding period. HOUSE-HACKING OPPORTUNITY FOR OWNER-OCCUPANTS Owner-occupants can easily cover all property expenses with rental income from two units and will have access to attractive homeowner financing. All units will be available after current leases expire in August 2023; prospective owner occupants can purchase and move in by September 1st. PREMIER LOCATION Across the street from Smith Park: a rare oasis of greenery in Chicago's urban landscape. Smith Park features a gym, fieldhouse, swimming pool, tennis courts, and outdoor athletic fields. A soft-surface playground provides the perfect space for kids to play outside, socialize and meet new friends. A 7-min walk from the Western Ave. train station: a stop on the Pink Line and BNSF Metra. FEATURES & AMENITIES All units have been fully-renovated with updated interiors and appliances; renovations were completed within the last 3 years. Property includes a 2-car garage located behind the building and leased to current tenants. Additional parking is available on the street in front. Backyard is fully fenced and features a private grill area. FINANCIALS & FURTHER INFORMATION Investment projections are based on current market rents and sales cap rates captured by comparable properties. Rent Roll and Pro Formas are available to serious buyers who submit an LOI. Please contact the listing broker, Max Gorenyuk, for more details.
