2253 West Addison Street, CHICAGO

$780,000

5 Beds
3 Baths
0 Sqft
0 Acres
2 Garages

2253 W. Addison St. is located in Chicago's desirable Roscoe Village neighborhood. The Property is comprised of two 2Bd/1Ba apartments and one non-conforming 1Bd/1Ba garden unit. 2253 W. Addison St. features partially updated units with individual HVAC, a private backyard, shared laundry, and a 2-car detached garage. The top two units feature hardwood floors, formal dining rooms, enclosed back porches, white appliances, granite countertops, and updated baths. The non-conforming garden unit features carpet and tile flooring, white appliances, and Formica countertops. The Property presents an investor with the opportunity to acquire a 100% occupied building with rental upside. Current rents are $100-$400/unit/mo. below market. For example, the Property's 2Bd/1Ba units are achieving $1,550/mo. on average, while nearby comparable units are achieving over $1,950/mo. By bringing rents to market, a new owner could increase annual collected income by approx. $10,800.

Essential Information
MLS® #10408054
Price$780,000
Bedrooms5
Bathrooms3.00
Full Baths3
Acres0.00
Year Built1911
TypeResidential
Sub-TypeTwo to Four Units
StatusActive
Community Information
Address2253 West Addison Street
AreaCHI - North Center
CityCHICAGO
CountyCook
StateIL
Zip Code60618
Amenities
Parking Spaces2
# of Garages2
Garages

Garage Door Opener(s), Transmitter(s)

Interior
Has BasementYes
BasementFinished
Heating

Gas, Forced Air, 2+ Sep Heating Systems, Indv Controls

Exterior
ExteriorBrick, Stone, Limestone
Listing Details
OfficeDavid L. Gassman
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Listing information last updated on August 25th, 2019 at 7:05pm CDT.