1848 W cullerton Street, Chicago, Cook County, IL, 60608 Chicago IL US

USD 1,250,000
For Sale MLS: 11663318

Property Details

Bedrooms

9

Bathrooms

2

Neighborhood

Heart of Chicago

Property Type

MultiFamily

Description

Three quality jumbo 3bed, 2 bath luxury units with rental values of $2750 each. This three unit is a winner. With this hi quality finish you can rent them now/live in them now and sell later as 3 condos at a prime exit price! Projected market rents for '23 are $2750 a unit(~$2 sf average). That's $8250 a month x 12 is $99,000 Gross income a year (12.5 GRM annualized). Projecting 1.4% taxes and typical expenses it pulls a 6% cap range. These units are larger 3 Bed Layouts with Finishes Designed Above the Price range. Each unit has a large rear deck and a parking space. The 1st floor unit gets a bonus of Dedicated Yard and back paved patio(has turfed outdoor space so it's perfect for pets who would be long term tenants). There is a common rear yard also for everyone. The top unit has Soaring Cathedral Ceilings and will fetch a prime rent. Finishes: The Kitchen offers an oversized Quartz Peninsula, Waterfall Quartz aside it, Custom patterned Tile Design on the island, Full slab Quartz backsplash, Under cab lights, SS appliances, Custom Extra tall stylized Cabinetry ahead of the style curve. Washer Dryer in unit. The baths impress with floor to ceiling tile. Who built? This is the project of an Experienced, Hi Quality builder who has erected some of Pilsen's finest homes. Now you have the opportunity to have a Well Finished three unit on wonderful Cullerton avenue a 1 minute walk to it all. This is Pilsen's heart: 1 Block to Mex Fine Arts Museum and Huge Harrison Park and Pink Line El Stop at Damen and Cullerton! You'll be surrounded by the Mural walks and student tours admiring your the finest Art's community in this city. Also, the 18th Street Dining area and Nightlife 3 Blocks Northeast. The fine dining at 24th and Oakley is nearby. I55 is just down damen, I290 is just up damen. And, buy with peace of mind, this Quality Builder of +PlusHouse projects offers 1 year full warranty. Find out more about this property. Request details here

Location

Address

1848 West Cullerton Street, Chicago, Illinois 60608, United States

City

Chicago

Legal Notice

This website uses cookies to ensure you get the best experience. Learn more