Courtesy of: Marcus & Millichap Chicago Apartment Brokers
Purchase Type: Sale
MLS ID: MRD11163808
Year Build: 1905
Lot size: 0.09
Property Type: Multi Family 5+
New Construction: No
Swimming Pool: No
Has Waterfront: No
Address: 3100 W Lexington Street
Neighborhood: Chi - East Garfield Park
Property Taxes: $3,560
Tax Year: 2019
Six of the seven units in this building have been gut renovated to the highest quality in the area. The seventh unit is down, however, no income from the unit is represented in the underwriting. Once the seventh unit is rent ready, the CAP Rate jumps to just under 10%. All six rent ready units are leased with a waiting list. This building screams cash flow with no deferred maintenance.
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