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Nia Sawyer

listwithnia@gmail.com +1(773) 459-0982

$ 1,150,000

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Open Fri 3:30PM-6PM

2058 W Erie ST Chicago, IL 60612

10 Beds

4 Baths

OPEN HOUSE

Fri May 02, 3:30pm - 6:00pm

Sat May 03, 10:00am - 12:00pm

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12350263

Bedrooms 10

Maintenance Fees $3,200

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

Area Chi - West Town

Zoning MULTI

Rooms

Basement Unfinished, Partial, Walk-Out Access

Interior

Heating Natural Gas

Fireplace N

Exterior

Exterior Feature Balcony, Roof Deck, Fire Pit

Roof Type Asphalt,Flat

Building

Dwelling Type Two to Four Units

Building Description Vinyl Siding, No

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

Nia Sawyer

Agent | License ID: SL3581710

+1(773) 459-0982

Nia Sawyer

2058 W Erie ST Chicago, IL 60612

OPEN HOUSE

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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2058 W Erie ST