Bought with Brendan Murphy of Coldwell Banker Realty
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Key Details
Sold Price -
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 11825265
Sold Date -
Year Built 1903
Annual Tax Amount $22,255
Tax Year 2021
Lot Dimensions 50 X 125
Property Sub-Type Multi Family 5+
Property Description
First time on the market in almost 50 years! Impeccably maintained by devoted owner-occupants, this property radiates a sense of timeless elegance and care. Introducing 2714-16 W. Crystal Street, a stunning six (6) unit center entrance building located in the rapidly appreciating East Humboldt Park neighborhood. This vintage brick walk-up, showcases six spacious 2-bed | 1-bath apartments. Step into any of the six apartments and experience the airy open floor plans flooded with natural light. Boasting generous square footage, the living spaces offer limitless potential for versatile arrangements and creative design. Savvy investors have the chance to add significant value through strategic renovations. By introducing an additional bathroom to each unit and upgrading finishes, rental rates can be elevated to match the market, maximizing income potential. Extensive improvements have been made since 2012, including a full tear-off roof for both the main building and garages, new windows, and meticulous masonry and tuck-pointing work. These enhancements not only add to the property's appeal but also contribute to its long-term durability. The building features separate utility meters for electric and cooking gas. Heating is efficiently provided by a well-maintained central boiler system and a reliable 75-gallon water heater completes the package. Don't miss this chance to acquire a promising investment with tremendous upside in an appreciating location, delivering solid cash-on-cash returns for years to come.
Location
State IL
County Cook
Interior
Cooling Window Unit(s)
Fireplace N
Exterior
View Y/N true
Building
Structure Type Brick
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