Own this 8-unit condo building located one block east of the historic and picturesque King Drive in the highly sought after Bronzeville neighborhood. Converted to condominiums in the early 2000s, the building's excellent unit mix consists of (4) Three Bed - Two Bath approx 1434 sq ft, (2) Two Bed with Den - Two Bath approx 1345 sq ft and (2) Two Bed - Two Bath approx approx 1300 sq ft. Each unit features hardwood floors throughout, granite counter-tops, stainless steel appliances, in-unit laundry, gas forced heat, central air conditioning and secured gated parking in the rear. An investor can purchase the subject property and deconvert back to an apartment building or with minor cosmetic updates, exit the investment through the sale of individual condos on a retail basis. Easy access to Hyde Park, Lake Shore Drive, Gallery Guichard, 90/94, Mariano's, the University of Chicago, public transportation and 15 minutes from downtown Chicago. Currently 6 units are rented and two are owner occupied. By leasing the two owner-units, you achieve an in-place cap rate of 7.9%. Schedule your private tour today!
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Listing information last updated on May 31st, 2020 at 7:05am CDT.