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Description
Charming and well-maintained 2-unit frame building with non-conforming garden apartment in a prime Roscoe Village location offering strong income potential with a projected annual income of $67,740. The property features three 2-bedroom, 1-bath units, including two above-grade units and a garden apartment. The first and second floor units offer 2 bedrooms plus a den, hardwood floors, updated kitchens, and gas forced-air heating. The garden apartment provides a spacious 2-bedroom layout with baseboard boiler heat and includes one garage parking space. Current rents are $1,895/month for Unit 1, $2,300/month for Unit 2, and $1,450/month for the garden apartment, with tenants paying their own gas and electric utilities. An additional garage parking space offers the opportunity for approximately $100/month in extra income. Recent improvements include a new tear-off roof completed in 2023 and a new water service line installed in 2026. Each unit has its own hot water tank (2020-2021), and air conditioning is tenant-provided via window units. This property offers onsite laundry, additional attic space, front and back patios and excellent long-term investment potential. Ideally located near Hamlin Park, Roscoe Village shops and restaurants, and convenient CTA access, making it attractive to both tenants and investors alike.
Property Highlights
Property Type: Multi Unit - Multiple
General Information
Bedrooms: 6
Bathrooms: 3
County: Cook
High School: Lake View High School
Listed By:
Compass
773-466-7150
MRED MLS
MLS ID: 12589686
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2118 W Fletcher Street, Chicago, IL 60618.
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $825,000 | $825,000 | $825,000 |
| Down Payment | $165,000 | $28,875 | $206,250 |
| Monthly Mortgage Amount | $4,010 | $4,857 | $5,097 |
| Taxes | $1148 | $1148 | $1148 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $363 | $0 |
| Monthly Estimated Total | $5,399 | $6,609 | $6,486 |
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