2542 N Spaulding Ave

Logan Square two-pack. Two buildings, one brick and one frame. 4 units in front building, 2+1 in the rear building. 2 non-garaged parking spaces. Ultra prime location about 1.5 blocks from the Blue Line, proximate to dining, shopping, nightlife while still being close to the boulevard and abundant parks and recreational opportunities. This location has it all in the hottest submarket in the city. Long term family owned building with zero debt (i.e., no assumable loan). Never on the market in approximately 50 years.DO NOT DISTURB TENANTS. GRM, Cap Rate and NOI are PROFORMA based on market comparable rents and using a 45% expense ratio. In-place rents are MTM tenants who have been there for years in most cases. 7 units (6 + 1 in law). Principals only. We are not interested to list the property with a brokerage firm. Please be respectful of our tenants and do not disturb tenants or attempt to tour the property without permission.