Property Description
Turnkey legal 3-unit building in the heart of desirable Lincoln Square. This fully leased property features three spacious 3-bedroom, 1-bath units, each with central heat and air conditioning, in-unit laundry, and strong rental demand. The building currently generates over $75,000 in annual income, with tenants responsible for all their own utilities. Additional highlights include usable attic space with potential for extra storage or a duplex-up owner's unit, shared yard space, and a detached 2-car garage currently rented for an extra $100 per month. Situated on an oversized 3,536 sq ft lot and zoned B3-3 within the City's Transit-Served Location (TSL/TOD) district, this property offers excellent redevelopment potential for the right investor or developer. Ideally located within walking distance to the Brown Line, multiple bus routes, and Lincoln Square's vibrant shopping, dining, and nightlife.
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Property Details
Property Type
Multifamily
Year Built
1905
Year Renovated
Current Cap-Rate
Pro Forma Cap-Rate
Property Highlights
Turnkey legal 3-unit building in Lincoln Square with three 3-bedroom, 1-bath units.
Central heat and air, in-unit laundry, and strong rental demand per photos.
Detached 2-car garage; garage currently rented for $100 per month.
Usable attic with potential for storage or owner's duplex unit.
Oversized 3,536 sq ft lot; B3-3 TSL/TOD zoning supports redevelopment.