2958 S Union Ave

By Owner
CHICAGO, IL, 60616
preview main
preview main
preview sub main 1
preview sub main 2
preview sub main 3
preview sub main 4

Property Description

bedrooms icon

4 Bedrooms

bedrooms icon

3.0 Baths

bedrooms icon

3,000 SQ FT

bedrooms icon

0.07 Acres

$759,000

Multi-Family living with 3 legal apartments. Built between 1887 and 1894, this building had once been a Saloon, a Bohemian Savings and Loan, Soda Shop [during Prohibition?] and again a tavern until the late 70s. Double bricked walls,13’ pressed tin ceilings and full basement with 8’ height. Building occupies entire 25’ x125’ city lot and has been meticulously maintained. Front apt: approx. 1500 sq ft, 13’ pressed tin ceilings, 5” red oak floors throughout, high efficiency wooden casement and cladded wooden awning windows, Central air, durable epoxy counter tops in kitchen. Large bathroom with 5’ shower and antique tub. Modern touches combine with vintage style. Middle apt: approx 600 sq ft 10’ ceilings; Original maple floors; Double hung high efficiency thermal windows; Newer appliances. Used as an Airbnb, furniture included. Separate electric and gas. Rear apt: approx 720 sq ft, double hung high efficiency thermal windows, plantation shutters, 13’ pressed tin ceiling, 5” red oak floors, Newer appliances, Built in closet. Separated utilities. Currently rented. Huge basement with dedicated laundry hookups. Newer hot water heaters. Overhead sewer with newer sump pump and 8’ ceilings, newer drain tiles and updated electric panels. Rubber roof with installer’s warranty. Turn key opportunity with fully booked Airbnb and occupied apartments. As a strict investment for a fully rented property, cap rate is 6-7% Will work with buyer's agent. Showings are by appointment only and limited due to tenants schedule. Please call and leave a message for scheduling.


Galleon
TwitterLinkedinInstagram

© 2024 Galleon. All rights reserved.