Chicago, IL 60612,2058 W Erie Street
Chicago, IL 60612,2058 W Erie Street
Chicago, IL 60612,2058 W Erie Street
Chicago, IL 60612,2058 W Erie Street
Chicago, IL 60612,2058 W Erie Street
Chicago, IL 60612,2058 W Erie Street
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$ 1,150,000
Est. payment | /mo

10 Beds


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$ 1,150,000
Est. payment | /mo
Save

10 Beds

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID 12350263

Bedrooms 10

Year Built 1890

Annual Tax Amount $14,422

Tax Year 2023

Lot Dimensions 25 X 125

Property Sub-Type Two to Four Units

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.

Location

State IL

County Cook

Zoning MULTI

Rooms

Basement Unfinished, Partial, Walk-Out Access

Interior

Heating Natural Gas

Fireplace N

Exterior

Exterior Feature Balcony, Roof Deck, Fire Pit

View Y/N true

Roof Type Asphalt,Flat

Building

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public

Structure Type Vinyl Siding

New Construction false

Schools

School District 299, 299, 299

Others

Ownership Fee Simple

Special Listing Condition None

Listed by Philip Leigh • Essex 312, LLC
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(708) 710-3828

dbowden@hsrealtygroupil.com

220 North Green Street, Chicago, IL, 60607

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2058 W Erie Street