2058 W Erie Street

Listing provided courtesy of: Essex 312, LLC

Property Description

4-unit building (3 units plus 2-story coach house) in Ukrainian Village available for owner occupancy, or simply as an investment with $80,000 of in-place net operating income, a 7.0% in-place cap rate at the listed price. Recently renovated with central air-conditioning, in-unit laundry, new porches (2020), new vinyl siding (2022), new windows (2022), and a new flat roof (2020). Front building consists of English Garden 2 bed/1ba, 1st floor 3 bed/1ba, 2nd floor 3bd/1ba. Property includes a separate 2-story Coach House with 2 bed/1ba and large rooftop deck overlooking the common area fenced yard. Opportunity to capitalize on the growing rents in the neighborhood given its proximity to the retail corridors of Damen and Division to the north as well as the West Loop and Illinois Medical District to the South. Surprisingly easy street parking, no permit required. Agent Owned.

• Features:

  Balcony, Roof Deck, Fire Pit Deck Asphalt, Flat Public Sewer

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