Description
Phenomenal opportunity for a 3 unit mixed use brick building on Ashland near North Ave in the Bucktown/Wicker Park area. First floor offers an entirely updated commercial space w/ half bathroom and open floor plan just rented to a massage spa for the next 5 years with rent increases throughout the term. Second floor offers a 2 bed, 1 bath apartment with in-unit W/D and updates to the kitchen and bathroom with a one year lease ending May 2023. Top floor duplex up offers a 4 bed, 2 bath apartment with large bedrooms, good sized bathrooms, in-unit W/D, two fireplaces and potential for value add with a current lease that expires in March 2023. Potential for owner occupant with room to add bedroom/living room space and reconfigure layout or utilize the highly desired area and collect rents. High CAP rate for the area with room to maximize income. 25x103 lot with C1-2 zoning on high visibility Ashland Ave. Great location near public transportation, highways, schools, entertainment and all that Bucktown/Wicker Park has to offer.
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0BEDS
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N/AACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
Phenomenal opportunity for a 3 unit mixed use brick building on Ashland near North Ave in the Bucktown/Wicker Park area. First floor offers an entirely updated commercial space w/ half bathroom and open floor plan just rented to a massage spa for the next 5 years with rent increases throughout the term. Second floor offers a 2 bed, 1 bath apartment with in-unit W/D and updates to the kitchen and bathroom with a one year lease ending May 2023. Top floor duplex up offers a 4 bed, 2 bath apartment with large bedrooms, good sized bathrooms, in-unit W/D, two fireplaces and potential for value add with a current lease that expires in March 2023. Potential for owner occupant with room to add bedroom/living room space and reconfigure layout or utilize the highly desired area and collect rents. High CAP rate for the area with room to maximize income. 25x103 lot with C1-2 zoning on high visibility Ashland Ave. Great location near public transportation, highways, schools, entertainment and all that Bucktown/Wicker Park has to offer.
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