Photo 1 of 40
$630,000
Sold on 10/04/24
Beds |
Baths |
Sq. Ft. |
Taxes |
Built |
6 |
0.00 |
0 |
$11,767 |
1950 |
On the market:
64 days
|
View full details, 15 photos, school info, and price history
Nestled in East Highland Park, minutes from downtown Highland Park and Highwood, this fully remodeled townhome-style duplex presents a compelling investment opportunity. There are two 3 bed/2 bath units (2,800 sq ft total), separately metered, producing $68,100 in rent/year, with a cap rate of ~7.0%. Both units feature remodeled kitchens and bathrooms, new Anderson bedroom windows and refinished hardwood flooring. Each unit has a separate parking lot, with its own carport. The building has a brand-new roof, modern fencing, and an elegant landscape design. The first unit rents for $2,725, lease ending May 31, 2025, while the second rents for $2,950.00 with the same lease end date. Tenants pay all utilities, the owner pays landscaping, water/sewer and snow removal. If you're looking to acquire a mini portfolio, consider buying this along with another 3 units (~7% cap rate) in neighboring Highwood (see MLS#: 12124587)
Listing courtesy of Scott Berg, Berg Properties