2980 N Ridgeway Avenue, Chicago, Cook County, IL, 60618 Chicago IL US

LEGAL 3 UNIT (CERT IS ON PHOTOS). Amazing first time investment with a true 7% cap rate when it was rented (was emptied out to give buyer flexibility). First and second floor units were renovated fully in 2015 - new kitchens, baths, light, HVAC, lights and floors. The floor plan on the first 2 units (attached to listing to) are three bedrooms, full bath, large office and utilities in unit. First unit has W/D in the unit. The legal attic has 2 bedrooms, family room, dining room and kitchen - there is room to upgrade the 3rd floor unit and get more money. All units are above grade and the home sits on a small crawl space. All three units pay there own utilities. Units are empty now incase of owner occupied, Short term rentals, or new year long leases. Rents were 1800, 1600 and 900 and were rented out from 2015 till now (there is room for increases - they are vacant now - removed the tenants so owner occupied buyers/short term rentals could be done). 2 car garage and nice backyard. Right off Milwaukee in Avondale - tons of retail, nightlife, public trans and very close to 90/94. Great investment for 3.5% down and live in the unit while cash flowing the other 2. Renters pay all electric and gas bills. Only owner costs are water (approx. 600 a year) and insurance (2200 a year). Laundry is only for 1st floor. Easy to add to other units if new owner wants 2. Recent improvements - new furnace in 1st unit, new water heater in 3rd unit, new electric board in 3rd floor furnace, new water line into building and new under pining/foundation. No Basement - just 4 ft crawl. Taxes 2021: 7873.57 Find out more about this property. Request details here