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Home For Sale

Picture of Home For Sale in Evanston, Illinois, United States

$575,000

1932 Emerson St
Evanston, Illinois, United States

11bd 3ba

Listed By: Realtyww Info

Listed On: 06/11/2023

Listing ID: GL10144319 View More Details

Description

Welcome to this incredible opportunity! Presenting a remarkable brick 3-unit building with a solid tenant base in a sought-after location. This property offers a fantastic investment potential with three fully occupied units and the flexibility to suit various buyer preferences. This impressive building features a first-floor unit with 3 bedrooms and 1 bathroom, providing ample space for comfortable living. The second and third floors each boast a 4-bedroom, 1-bathroom unit, offering generous living spaces suitable for larger households. The versatility of these units allows for diverse rental options. All three units are currently occupied by CHA (Chicago Housing Authority) tenants, ensuring consistent and reliable rental income. The tenants are on a month-to-month lease agreement, providing the new owner with the flexibility to continue with the existing arrangements or explore longer-term lease options. They have expressed their willingness to sign longer-term leases, providing stability for the future owner. Moreover, there is the possibility of vacating one unit or more, allowing the buyer to reside in one unit while receiving investment income from the remaining units. The property generates an impressive monthly gross income of $5, 437, illustrating the attractiveness and profitability of this investment opportunity. This property is a true gem, presenting multiple options for the discerning investor. Whether you are looking to maximize your rental income or seek a comfortable owner-occupied property with additional investment potential, this opportunity is ideal for you.

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Listed by: Ybrs Realty Inc.
Source: The World Property Journal

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