Description
Well-maintained brick 2-flat offering stable income, flexible investment appeal, and strong fundamentals in a highly desirable Ukrainian Village location. With character, functional layouts, and long-term leases in place, this property works for a wide range of buyers. Unit 1 is a spacious 4 bed, 2 bath duplex-down, renting for $2,850/month leased through 4/29/2027. Unit 2 is a 3 bed, 1.5 bath unit renting for $2,950/month leased through 6/30/2026.Total monthly income is $5,800, with tenants paying their own gas and electric. Water and trash removal average approximately $95/month. The property includes a shared basement laundry room with free washer and dryer for tenants (washer new in 2026, dryer approximately 2019), a shared brick paver patio, and a two-car garage with one space included per unit. Recent improvements include roof venting and flashing improvements (February 2025) Marvin windows installed on the first floor front of the building (September 2023). The building's charm, strong location, and efficient layouts make it easy to rent and appealing to traditional buy-and-hold investors, house hackers looking to occupy one unit, and short-term rental investors drawn to the area's demand and character. Additionally, the property is priced near land value for the neighborhood, creating potential appeal for developers or long-term redevelopment strategies, subject to buyer due diligence. A versatile, income-producing asset in a prime location with multiple exit strategies. Ideal for investors seeking stability today with optionality tomorrow. Listing agent has an ownership interest in the property.
Property Highlights
General Information
MLS ID: 12546634
Property Features
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