2423 N Long Ave
Chicago, IL 60639
Rare Off Market Opportunity:
2 buildings on a single lot with 6 rental units
Total of 22 Rooms, 11 Bedrooms, 6 Bathrooms
Includes space for a 7th unit or duplex
Listed for sale at: $799,000
Call or Text: (773) 491-2927
Email: Liz@chicagoprg.com
Owner will pay 2% broker fee for buyers
**Investors dream** Just west of Logan Square on Fullerton Avenue, here is a rare opportunity to acquire a large and unique "TWO BUILDING PROPERTY" with 6 units, located in the vibrant Belmont Cragin neighborhood. That's right, this amazing property consists of 2 buildings on a single lot! The front building is a brick 2-1/2 flat with a garden apartment, 2 or 3 bed units on first and second floor, and has a very special option for adding additional living space above. It includes a huge unfinished attic with vaulted ceiling that offers a possible 7th rental unit or duplexed two level apartment! The rear building is a brick & frame 2 flat that consists of 3 units, and has a very nice outdoor courtyard patio space with a barbecue area. All units are in very good condition with many updates throughout, including 4 of the 6 units that have been recently redone. Updates include many stainless steel appliances, fresh paint throughout, new flooring in the apartments and more. This also includes a second floor possible "owners unit" that has new hardwood floors completely refinished in every room. Both buildings have new roofs replaced in 2018, new water heaters replaced in 2020 and the property also includes multiple locking storage rooms. Rents are very low for the area and create an opportunity to increase income and massive cash flow in addition to laundry income. Because of this unique situation of 2 buildings on one lot, taxes are extremely low for the number of units and size of the property! Don't miss out, as more income and low taxes creates a unique chance for a savvy investor looking for an amazing cash creating opportunity!
Large attic space with vaulted ceilings
for a 7th unit or duplex