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Multifamily

3743 N Clifton Ave

3743 N Clifton Ave, Chicago, IL 60613

Listing Price: $1,625,000

Cap Rate
4.99%
Price/Gross SF
$276.60
Gross SF
5,875

Investment Overview

Prime East Lakeview Location for this absolutely gorgeous, legal four-unit brick building on one of Chicago’s most beautiful blocks! Just six blocks to the park and lakefront, two blocks to the Redline “L” and nestled in between Clark Street and Sheffield with their plethora of shops and restaurants, there couldn’t be a better location for your long-term investment. This updated building boasts spacious floor plans with private back decks, separate HVAC systems, brand new thermal pane windows, updated kitchens and updated baths as well. Garden unit was beautifully gut rehabbed in 2020 with all new kitchen (cabinetry, granite countertops, new appliances), new flooring, closet, stairs, paint and electrical. Current owners have invested heavily in improvements since purchasing this property and it shows! In addition to the garden unit gut rehab, recent updates include: refinishing of floors, two bathroom renovations, all new kitchen appliances in all of the apartments, new HVAC units, including new central air compressors. This building offers the perfect marriage of classic Chicago architecture on the exterior and modern and updated apartments and systems on the interior in an A+ easy-to-rent Lakeview Location, steps from Wrigley Field. It also offers a two-car garage and back yard. Current rental income of $9,350 per month with approximate gross yearly rents of $112,200. Opportunity exists to increase gross income as parking is currently included in the below rent for two of the apartments.

Investment Highlights

  • Prime East Lakeview Location
  • Legal Four-Unit Plus a Two-Car Garage
  • Extensive Capital Improvements Made in the Past Year
  • Opportunity to Increase Gross Income Through Parking
  • Steps from Wrigley Field

Exclusively Listed By

Listing Price: $1,625,000

Cap Rate
4.99%
Price/Gross SF
$276.60
Gross SF
5,875

Investment Highlights

  • Prime East Lakeview Location
  • Legal Four-Unit Plus a Two-Car Garage
  • Extensive Capital Improvements Made in the Past Year
  • Opportunity to Increase Gross Income Through Parking
  • Steps from Wrigley Field

Investment Overview

Prime East Lakeview Location for this absolutely gorgeous, legal four-unit brick building on one of Chicago’s most beautiful blocks! Just six blocks to the park and lakefront, two blocks to the Redline “L” and nestled in between Clark Street and Sheffield with their plethora of shops and restaurants, there couldn’t be a better location for your long-term investment. This updated building boasts spacious floor plans with private back decks, separate HVAC systems, brand new thermal pane windows, updated kitchens and updated baths as well. Garden unit was beautifully gut rehabbed in 2020 with all new kitchen (cabinetry, granite countertops, new appliances), new flooring, closet, stairs, paint and electrical. Current owners have invested heavily in improvements since purchasing this property and it shows! In addition to the garden unit gut rehab, recent updates include: refinishing of floors, two bathroom renovations, all new kitchen appliances in all of the apartments, new HVAC units, including new central air compressors. This building offers the perfect marriage of classic Chicago architecture on the exterior and modern and updated apartments and systems on the interior in an A+ easy-to-rent Lakeview Location, steps from Wrigley Field. It also offers a two-car garage and back yard. Current rental income of $9,350 per month with approximate gross yearly rents of $112,200. Opportunity exists to increase gross income as parking is currently included in the below rent for two of the apartments.

Exclusively Listed By

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