MUST SEE ((8.03 Cap Rate)) & ABSOLUTLY STUNNING Portage Park LEGAL (4) UNIT with an additional (5th) Unit and or In-Law Suite / Garden unit. The Property is conveniently located directly across the street from Portage Parks entrance on Belle Plaine & Long Ave. All units are currently rented out and the building is receiving $9, 000 in rent currently. ((Full Disclosure, (1) of the top floor units is still occupied by the owner till the building sells. His unit would rent for a min of $2000)). Currently the building is comprised of (5) occupied units although the garden unit can be duplexed up to one of the first floor units and that unit could then be a (4) bedroom (2) bath unit. There are two beautiful balconies that look directly onto Portage Park. The Building Features Modern updates Including (4) newer hot water tanks, (5) furnaces. (2) Air conditioning condensers. Updated Electric. All Plumbing last updated 2020. Last FULL tuck pointing done in 2021. Entire Roof replaced in 2018. Currently 2 of the units have in-unit washers dryers and the remainder of the building uses coin operated laundry in the basement. Basements includes additional rough-in Plumbing that is ready to be converted to an additional apartment. There's a small room in the basement with a Water Booster Pump to increase the water pressure and flow for the five units in the building. The basement also has Plenty of storage. Lastly there's a two car attached garage with an EV charger station that the owner uses exclusively. The basement storage could be rented out for another $300 and you could rent the garage space out for another roughly $300 as well to increase your overall cash flow.
