1615-19 W. Highland is a rare turnkey investment opportunity in the popular Edgewater neighborhood. The property sits on an oversized 66 x 176 lot with a beautiful brick 9 unit building in front and a A-frame coach house in the rear. Renovated in 2021, the building contains an excellent unit mix of three (3) 3 bed / 1 bath units and six (6) 3 bed / 2 bath units. No stone was left unturned as the coach was duplexed up to a 4 bed / 3 bath apartment and a separate 1 bed / 1 bath below. Additional income is provided through 10 garage spaces and two (2) nonconforming 2 bed / 1 bath garden units in the front building. The property caters to both the local Edgewater population and to the nearby Loyola University student population. All units feature modern kitchens with stainless steel appliances, exquisite hardwood flooring, modern bathroom finishes with designers touches and in-unit laundry. A new owner can acquire a cash flowing asset with great in place income from day one. There is also the future option of leveraging Chicago's Accessory Dwelling Unit (ADU) Ordinance, to create 12 legal units or simply continuing to run the asset as is. This is a stabilized investment property in an excellent location providing a solid cash-on-cash return for many years to come.

Based on information submitted to MRED as of March 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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