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Five (5) residential Apartments and one (1) Store front all brick building investment in one of Chicago's growing neighborhoods Humboldt Park. Conveniently located steps away from public transportation and shopping. Five 2-bedroom/1-bath, Lv Rm apartments with 5 individual furnaces & hot water tanks in-unit and decorative fireplaces. All five (5) residential units similar in layout and condition. Updates in units has been done over years. The Store front on 1st floor is currently "a beauty salon" leased and has been by the same tenant for past 4 years or so. All utilities are paid by the tenants. ALL current rents are WAY below market because of stable, LONG- time tenants (as long as 18 years) including the owner and has been no vacancies. CAP RATE = 9.8% !!!!!! Simple rent increases at renewal or new tenants will allow the new owner to achieve a CAP rate over +10%. Mechanicals in good condition including some new furnaces and water heaters. Updated copper plumbing, electric circuit breakers. Well maintained rubber roof w/ silver coating. All plastic windows. Needs still some cosmetics. Full unfinished basement with utilities and for storage. Seven (7) meters and electric boxes as seen on photos. 2- 3 parking spots on back yard. Same owner-occupied for 30+ years and has been taking care of his building.

Property Details of 3737 West Division Street Street

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Listed by Jacek Piktel of Coldwell Banker Realty

Based on information submitted to MRED  as of January 29, 2023 . All data is obtained from various sources and has not been, and will not be, verified by broker or MRED.   All information should be independently reviewed and verified for accuracy.  Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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