Ready yourself for an epitome of urban dwelling in the bustling hub of Logan Square. This impressive package presents two distinct structures, one framed and one brick, each flush with character and potential. Comprising of a total of 12 bedrooms and 7 bathrooms across a spacious 6,200 sqft, this property doesn’t just offer ample space, it guarantees it.
With a combined four units in the front building and three in the rear (a 2+1 setup), this place is no less than a treasure in the heart of the city. Savings are on the agenda too, thanks to the availablity of two non-garaged parking spaces that make life that much more convenient.
Making a home here means more than just owning a residence. It's all about relishing an ultra-premium location nestled just 1.5 blocks from the Blue Line, ensuring you always stay connected. Proximity to dining, shopping, and nightlife creates a vibrant lifestyle, and with peaceful boulevards and an abundance of parks and recreational spaces close by, you’re just as close to a moment of relaxation and tranquility as well.
Positioned in the most sought-after submarket in the city, this property allows you to tap into an exciting, bustling locale that quite literally has it all. This property has been family-owned for nearly half a century, and never before has it been up for grabs, making this a truly unique opportunity.
Take note that this property is built on financial savvy, boasting a zero-debt ownership legacy which indicates smart and stable investment. A note to potential buyers: the Gross Rent Multiplier, Cap Rate, and Net Operating Income values are PROFORMA, based on market-comparable rents and a 45% expense ratio. Further, the property has been rented to long-term, month-to-month tenants who cherish their living situation. Out of respect for these individuals, we kindly ask you not to bother them without due permission.
Finally, this offer stands exclusively for principal buyers. An irresistible and unique opportunity rings the bell here. Do you hold the key? Does this sound like your new venture? If so, this may be your moment – seize the day and the Logan Square two-pack.
