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Welcome to this massive, corner, brick 2-unit building nestled in the heart of Galewood with its classic architecture and inviting presence on a tree-lined street. Each of the two units have the same layout, 3 bedrooms, 1 bath, spacious living room, separate formal dining room, kitchen with dinette area. Two car brick garage. Great opportunity to fulfill your dream home/Investment. Enjoy the convenience of nearby amenities, including shops, restaurants, and parks, creating a community-centric lifestyle. Access to public transportation and minutes to the Metra with easy reach to downtown. This 2-unit building in Galewood isn't just a property, it's a canvas waiting for its next chapter. Roof is three years old, updated windows, 1 year old water heater, double lot with separate PIN#s great for entertainment and with a gazebo. Embrace the opportunity to shape the future of this property and create a living space that reflects your unique vision and lifestyle aspirations. Building selling As-Is no exceptions, no repairs, please allow time for access to property and offer response. (Cooking gas is separate, heating (radiators) is one bill for whole building, and separate electrical).
THE PURCHASE MIGHT QUALIFY FOR A GRANT OF $20, 000. This NEW CONSTRUCTION Single Family home is expected to be completed by end of June, 2024 is being built on an oversized lot. It will feature 4 bedrooms, 3.5 bathrooms, separate living and dining rooms, spacious family room in the basement. The chef's kitchen will feature white custom made cabinets with soft close doors and drawers, SS appliances, quartz counter, a farmhouse style sink and a large peninsula. The finished basement offers an additional bedroom with a walk-in closet, wet bar with a wine cooler, utility room, high efficient furnace, water heater, sump pump, ejector pump. There will be maple floors on the main floor and on the second floor. A large patio, back porch, front steel steps, and a detached 2-car garage with a party door are other features of this gorgeous house! PICTURES ARE TAKEN FROM ANOTHER PROPERTY OF THE SAME DEVELOPER.
Total rehabbed two-flat home from top to bottom! Move in ready. Too much too list come and show it with confidence your buyer wont be disappointed with all the updates done to this home. Close to I-55 and Archer Ave.
Located on a charming tree-lined street in the heart of Portage Park, welcome to 5242 W Cuyler Ave. As you enter, you'll find meticulously maintained hardwood floors that will guide you throughout the main floor. Enjoy the sprawling family room with a bonus space perfect for an extra seating area or desk space. Sizable bedrooms with large closets. The real showstopper is the fully remodeled kitchen! The sleek quartz countertops, on trend backsplash, high end appliances and porcelain tile pulls this modern oversized kitchen together. Take the staircase to find the spacious, light filled second floor providing even more living space! New luxury laminate floor flows throughout the kitchen, family room, and spacious bedroom. Open every door to see how every sqft is thoughtfully used for bonus spaces, storage, and more! Full, unfinished basement with attached space heater ready for your ideas. Take in the private, fenced backyard with patio space, grass area, and an oversized 1 car garage. Full House Updates Include: Brand New 20yr Boiler and Hot Water Heater (2023) Completely remodeled first floor kitchen (2023), New Paint Throughout (2023), Garage Door Panels Replaced and Garage Exterior Painted (2023), New Can Lights Installed (2023), Engineered Luxury Laminate 2nd Floor (2023), Fully Remodeled 2nd Floor Bathroom (2023), New Back Door (2023), Remodeled 1st Floor Bathroom, Boiler Replaced with Warranty - SO MUCH MORE! Prime location just 2 blocks from the much sought after Portage Park, minutes from public transit, and close to all the shops, schools, grocery stores, and restaurants. Between the unbeatable location and the unmistakable modern Chicago charm, this one has it all!
UNBEATABLE LOCATION! NEW PAINT! MOVE RIGHT IN! Wonderful spacious home on cul-de-sac in Terraces of Old Irving Park. Hardwood floors throughout main floor, lower level recreational room and 4th bedroom. Wonderful home with four bedrooms, two full baths, one half bath, back balcony, unfenced back yard. PRIVATE nature walk/basketball courts/tennis courts included in HOA as well as water/lawn care/street care/snow removal. Seller credit available for a flooring. City living at it's best!
BEAUTIFUL ALL BRICK 2 UNIT BUILDING WITH A NEW TEAR OFF ROOF, NEW GUTTERS, ALL NEW COPPER PLUMBING PLUS A FULL FINISHED BASEMENT WITH 2 BEDROOMS 1 BATH AND SUMMER KITCHEN FOR THE IN LAWS. BOTH UNITS ARE IN GREAT CONDITION AND FEATURE 3 TRUE BIG BEDROOMS AND CERAMIC TILED BATHS. SEPERATE LAUNDRY ROOM IN THE BASEMENT AND A 2 CAR BRICK GARAGE.
Conventional Appraisal completed at 600, 000. Opportunity for the smart investors and you quick close possible. Low Taxes CASH FLOWING 3 unit with solid month to month tenants. 1st floor unit is duplexed down to basement, which expands to 4bedrooms 2baths. 2nd and 3rd Floor Units Are 3 Bedroom, 1 Bath. All the units have been recently updated with separate utilities including central A/C new electrical and plumbing. Coin-Operated Laundry In The Basement And A Parking Pad In The Fenced Back Yard.
3 UNIT NEWLEY REHABBED IN THE HOT SOUGHT OUT WOODLAWN NEIGHBORHOOD 1ST FLOOR FEATURING A 6 BED 2 BATH DUPLEX WITH IN UNIT LAUNDRY HOOKUP. 2ND AND 3RD FLOOR FEATURES 3 BED 2BATHS WITH LAUNDRY ROOM IN BASEMENT. NEW REAR PORCH , 2023 NEW WINDOWS , NEW FURNACES AND HOT WATER TANKS ALL UNITS HAVE BEEN REMODELED. SELLER IS REPAINTING BUILDING AND MAKING MORE UPDATES. ( SELLER HAS GIVEN ALL 3 TENANTS 30 DAY NOTICES ) AND IS INTENDING ON TURNING OVER UNITS MOVE IN READY !!! ( RENTS ARE PROJECTED BASED ON COMPS IN THE AREA DO NOT MISS OUT ON THIS CASH COW.
This Logan Square home combines vintage charm and modern updates in an adorable package. Entering from the generous front porch, you'll be struck by the original woodwork, tall ceilings, and light from the large bay windows. French doors lead to the living room, and the dining room features an original built-in hutch. The lovely remodeled kitchen offers 42 white cabinets, quartz countertops, stainless appliances and farm sink. There's a convenient and cute first floor powder room as well. The upstairs features three good sized bedrooms with large closets and a full bath with vintage clawfoot tub/shower. The finished basement includes a family room, mud room, laundry room, full bathroom and tons of storage. The backyard is an absolute gardener's dream, with a large deck, patio, and an incredible array of perennials and plants. One car garage with a gated side apron for additional vehicle. This fabulous location is walking distance to restaurants, shops, grocery stores, the Logan Square blue line and Metra Healy stop. The home is in good shape, but the sellers prefer selling as-is.
Well kept multi-unit great for yourself or investing. Hardwood floors and central air. Partial updates already completed. New roof 2020. Walking distance to bus, blue line and metra. Multiple food stops, coffee/donut shops, restaurants, grocery stores and parks within walking distance as well.
UNIQUE OPPORTUNITY! 2 HOMES ON 1 LOT IN MOUNT GREENWOOD... Welcome to an exceptional real estate offering in the vibrant neighborhood of Mount Greenwood. Situated favorably close to all amenities, this property boasts not just one, but two homes on the same lot, presenting a remarkable investment opportunity. The front home underwent a complete transformation in 2006, with a comprehensive gut renovation resulting in a modern living space with updated features throughout. From the roof to the interior, everything has essentially remained in the same meticulous condition, ensuring both durability and contemporary appeal. Meanwhile, the rear home, enjoys its own set of upgrades, including the kitchen, bathrooms, roof, and furnace to name a few. With separate utility meters for electric, gas, and water, each residence offers individualized comfort and ease of use. This property presents a plethora of possibilities for savvy buyers. Live in one home and rent out the other, capitalizing on the high rental demand in the area, with potential rental income reaching as high as $2, 850 per month for the rear residence. Mount Greenwood, known for its strong community ties and its proud association with Chicago firefighters, police officers, and union workers, offers a unique blend of city and suburban living. The neighborhood's architecture and culinary scene reflect the diversity and vibrancy of Chicago, while its spacious green spaces provide a welcome respite from urban hustle. Residents can enjoy a variety of dining options, ranging from Mexican to Italian to classic American comfort food, all within easy reach. The neighborhood's sports bars and Irish pubs offer the perfect venues for socializing and unwinding after a busy week. For outdoor enthusiasts, Mount Greenwood Park provides ample recreational opportunities, including an outdoor pool, tennis courts, baseball diamonds, and a playground with a splash pad. During the winter months, the park's outdoor ice rink offers seasonal enjoyment for all ages. With nearby strip malls offering shopping and entertainment, Mount Greenwood truly encompasses the best of both worlds-urban convenience and suburban tranquility. Don't miss out on this rare chance to own two homes in one fantastic location. Make sure to save the morning of April 13 on your calendar to seize this extraordinary opportunity!
East Woodlawn has not seen a Classic Greystone 2 Flat Remodeled to this condition in years. This fully renovated 2 Unit property has amazing touches from top to bottom. Each unit features 3beds and 2 Full Bathrooms with a huge open concept on from the living room, flowing thru the dining room into the kitchen. Each Unit features custom coffered ceiling designs with full modern touches throughout. New Roof, Updated Plumbing, updated electrical, new furnaces, new AC units, new back porch, and a new garage to house those vehicles. New Hardwood floors with quartz counter tops along with soft close cabinets and highend appliances to top it off! Walk to the University of Chicago, Jog to the Lake or Bike to the New Obama Center!!! As you can tell, this is an amazing location for this East Woodlawn 2flat. The basement is connected to the first floor for the optional duplex so you can finish it or you can seal off that entrance and create a 3rd unit because it has another entrance and exit in addition to the 7 foot ceilings! You will not be disappointed with this purchase!!! This is also a Great Airbnb option considering how close it is to all Chicago has to offer!!! Schedule your private showing today and don't miss out on this HOT WOODLAWN 2Flat!!!
Lovely Victorian multi-unit in Irving Park/Avondale. Legal 2-flat with a bonus, updated enormous attic studio makes this a perfect turn-key investment opportunity. First floor unit 3BR/1BA (current owner's unit) boasts wonderful natural light, original refinished hardwood floors, separate spacious dining room w/gorgeous built-in, architectural trim/woodwork and updated bath with recently glazed clawfoot tub. Second floor unit has 2BR/1BA with similar floor plan and charming vintage features - hardwood floors, beautiful woodwork, walk-in pantry and another gorgeous built-in. Top floor attic is a huge, updated studio space- with recently updated bath and kitchen including a dishwasher. So many updates to this property- newer windows, brand new one car garage, updated heating/electrical. All units have separate water heaters (2017) and utilities (attic unit shares w/building). Unfinished basement is gigantic- offering options for expansion but currently has shared laundry and an abundance of storage options. Back yard has pea gravel (2018) - providing great gardening and entertaining space. Large side yard offers great green space with new wrought iron fencing. Close to restaurants, bars, lively entertainment, Blue Line, and easy access to 1-90.
Portage/Jefferson Park location. Updated open floorplan, granite kitchen custom cabinets, butcher block island is a chefs delight. LR gas fireplace. Large main bedroom has walk-in closet and balcony. Finished basement with 2nd kitchen, rec room, gym, full bath and utility laundry. Rear yard has large deck that opens to a pool and a covered area. 2.5 car heated garage has 220Volt electric service to allow for EV charging, an auto enthusiast will appreciate. Home is a half-block to Jeff Park, Jewel, CVS and Starbucks. 2-blocks to Jefferson Park Transit station with Blue Line, Northwestern and Milwaukee R.R.'s. Pride of ownership through and through.
Just Listed: Versatile 2-Unit Property with Huge Income Potential! I am thrilled to present this exceptional 2-unit property, now available for sale in Chicago, Austin Area. Perfect for investors or homeowners looking for additional income opportunities. Property is just a couple blocks from Columbus Park Lagoon and other park amenities and a little over half a mile from 290 expressway. Property Features: - Two Spacious Units: Each unit includes 3 bedrooms (1 master with a half bath) and ceiling fans in each bedroom, 1.5 baths, in-unit laundry, LED lighting, motion lights in closets, some newer windows, and stunning refinished hardwood flooring throughout. - Inviting Living Spaces: Oversized living rooms feature built in cozy cosmetic fireplaces, leading to large, separate dining rooms perfect for entertaining. - State-of-the-Art Kitchens: Completely renovated kitchens with new shaker-style cabinets with slow-closing drawers, quartz countertops, new stainless steel appliances and walk in storage closet - Brand New Back Porch: Enjoy the outdoor space with a new back porch. - Separate Utilities: Each unit is equipped with its own brand-new hot water tank and furnace, ensuring convenience and efficiency. - Brand New Roof: The property is safeguarded with a newly installed roof. - Secure Parking: A side driveway leads to a rear concrete parking slab, also accessible from the back of the home and secured by a chain-link fence. Extra Potential: - Massive Unfinished Basement: Offering endless possibilities, the basement has great potential and possibility to be transformed into a additional unit or two, making this a 3 unit and maybe even a 4 unit property. An additional option would be a duplex extension, a home workspace, maybe business space or maybe even rental workspaces to maximize cash flow. Endless possibilities with all this space. Don't miss out on this incredible! investment opportunity! Schedule your tour today!
Very well maintained 6 unit property offers and Incredible Investment opportunity. Property consists of a Brick 4 unit with full basement on the front of the lot and a Brick 2 unit on the rear of the lot. All units have individual gas and electric meters and pay their own utilities! Front building consists of a 3 Bedroom on the 1st floor...a 2 bedroom (2nd rear) and a 1 bedroom (2nd front) plus a 4 bedroom 3rd floor. All units have GFA furnaces. Many upgrades including Kitchens/Baths/Flooring. Coin-op washer and Dryer in basement Laundry Room is used by all 6 units. Rear building consists of 2 units both 3 bedrooms with hardwood flooring on 2nd floor an individual GFA furnaces. Rear property also has updated Kitchens and Baths! Also, a large walk up attic. Ceiling fans throughout all 6 units. All appliances (2016 or newer) owned by Seller. 4 furnaces installed after 2016. Great location...walk to Pink Line! Near Millennium Park, Chinatown, Lakefront, Museum Campus, UIC and so much more the city has to offer. Current gross rental income $70, 620...potential to add value as rents are currently under market. Notice required to show...fully occupied. Well managed building!
Rare investment opportunity, completely turn key 2 unit in sought-after, Jefferson Park! Location, convenience, and potential for a savvy investor and ideal for owner occupancy. Beautifully updated kitchen with modern features, gorgeous soft close cabinets, quartz countertops, farmhouse sink, over cabinet lighting, and SS appliances. Units have bonus space for walk in closet and office space. Expansive basement (ingress and egress) ready for duplex down or 3rd unit with tall ceilings and lots of light. Award winning Beaubien School district with Regional Gifted program. Well maintained by one owner for over 60 years. Roof and windows done 10 years ago, boilers professionally maintained, one new water heater, fresh paint and new carpet. All wood was lovingly stripped and refinished. Solid construction and looks bright and fresh throughout.
Three unit building in hot Logan Square area. Property Class 2-11, this property has an extra long lot great for entertaining, children and dogs! Steps away from the nightlife at Armitage and Kedzie. You can walk everywhere, shops, groceries, restaurants and more. You can not beat this location, you can get anywhere in Chicago fast! This property is being sold 'as is , so please keep that in mind owner would prefer cash/quick sale. This is an income generating property current rents are below market value. This wont last long bring in your offers.
Spacious 10 room family home in North Beverly , Chicago newly decorated with multiple storage areas. This home is in proximity to local parks, schools, churches and shopping. Partially finished basement with wet bar, tool room and laundry room.<br />beycome.com Listing ID: bey16739800. <br />You can contact the owner directly at: 844-799-7886, ext: 16739800. <br />For more information and pictures visit https://www.beycome.com/fsbo/9106-s-winchester-ave-chicago-il-60643/id16739800 . <br />beycome.com is here to help you save big with when you are looking to buy or rent a home online. We host thousands of listings daily and provide in-depth details on every single one ranging from nearby schools to walk score. With us, you can make a full legal offer on a home and get up to thousands of dollars back after closing the deal. Visit our website online or call now at 804-656-5007 to learn more how we can save you during a home purchase or rental today.
RARELY AVAILABLE 2 FLAT IN HIGHLY DESIRABLE PORTAGE PARK NEIGHBORHOOD. SPACIOUS BUILDING WITH TREMENDOUS CURB APPEAL AND NEWLY FINISHED BASEMENT W/ FULL BATH. THIS PROPERTY HAS BEEN WELL MAINTAINED AND UPDATED BY ITS LONG TERM CURRENT OWNER AND IS IN EXCELLENT SHAPE. UPDATES INCLUDE:NEW ROOF, NEWER WINDOWS, NEW SEWER LINE, NEW GARAGE DOOR, NEW WATER HEATERS, NEWER FURNACE, APPLIANCES, WASHER AND DRYER, AND CEMENT PATIO. NEW FENCED IN YARD. 1ST FLOOR HAS HARDWOOD FLOOR UNDER CARPET AND EXTRA OFFICE ROOM. NEWER, LARGE 2 CAR GARAGE PLUS PLENTY OF STREET PARKING HAS ROOM FOR ALL YOUR FAMILY MEMBERS. FANTASTIC LOCATION CLOSE TO EXPRESSWAYS, SCHOOLS AND SHOPPING!!!!
Quality built Large 4 br 3.5 baths 2 story home with very open flare. HARDY siding exterior with Big windows in the front.Huge living room/dining room with hardwood floors. Huge kitchen with porcelain flooring, island, quartz counter top, all stainless steel appliances. Generous size bedrooms with master bedroom with ensuite bath. Full finished basement with wet bar , laminate flooring, high ceilings, large bedroom and a full bath. Oak Stairs and wrought iron spindles. 2 car garage will be built before closing. Fenced yard. New public side walk already done.
LOOKING FOR A LARGE HOME THEN DEFINITELY CHECK THIS HOME OUT Quality built 4 br 3.5 baths 2 story home with very open flare. Hardy siding exterior with big windows in the front. Huge living/Dining combo with hardwood floors. Huge Kitchen 42 cabinets, porcelain tiled floors, Island with quartz countertop all stainless steel appliances.All generous size bedrooms, master bedroom with ensuite bath. Full finished basement with wet bar and beverage cooler. Laminate flooring, high ceilings, Large bedroom and a full bath. Oak stairs with wrought iron spindles. 2 car garage will be built before closing. Nice fenced in yard, wrought iron front porch. Separate furnaces for 2nd floor.Ready for immediate possession. Approximate 2900 sq ft which includes basement. Owners of the Corporation Lic Illinois RE brokers. SHOW WITH CONFIDENCE.
QUALITY BRICK BUILT RARE FOUND IN THE AREA 4 BED 2 FULL BATH WITH FINISHED BASEMENT. LARGE KITCHEN. THE ADDITIONAL ROOM CAN BE USED AS AN EXTRA KITCHEN. WIDE LOT WITH 2 CAR DETACHED GARAGE AND A LARGE DRIVEWAY. INCREDIBLE LOCATION.
SINGLE FAMILY HOME. COMPLETELY REMODELED 3 BEDROOM, 2.5 BATHS. IN EXCELLENT LOGAN SQUARE LOCATION AND DEAD END BLOCK WITH NO THRU TRAFFIC. CLOSE TO BLOOMINGDALE TRAIL AND LOGAN SQUARE YMCA. FULL FINISHED BASEMENT WITH A FULL BATHROOM. OFFICE OVERLOOKING THE ENTIRE FIRST FLOOR AND BACKYARD. HIGHGH QUALITY FINISHES AND WORKMANSHIP. BIG LAUNDRY ROOM W/ PLENTY OF STORAGE! FENCED IN BACKYARD WITH A LARGE CONCRETE PATIO.
Gorgeous English Tudor in Jefferson Park / Norwood Park area on a tree-lined street. Impeccably renovated home. The first floor hosts an open concept living and dining room filled with tons of light, generous size kitchen complete with brand new cabinetry, Stainless Steel appliances, and Quartz countertops. Additionally, two spacious bedrooms, and also an enclosed porch. When you head upstairs you end up in an open loft space, where the doors lead to two bedrooms, a full new bathroom and a walk-in closet. The 2nd floor has good ceiling height and the Primary bedroom is big; much bigger than you would expect. Downstairs you'll find a huge Rec room with wet bar, guest bedroom, full bathroom with shower, and laundry room area. Some of the best features of this home are all-new bathrooms, new doors and trim. This will be a maintenance-free home for years, with nothing to do move in and enjoy. It also has a big spacious yard with concrete patio for outdoor enjoyment or extra parking and an oversized 2 car garage. A few minutes take you to 90/94 expressway, shopping and schools.
Nestled in the heart of North Kenwood, this inviting 4-bedroom, 2.5-bathroom home exudes charm and potential, with recent updates enhancing its timeless appeal. As you enter, be greeted by the warmth of natural light streaming through the expansive privacy bay windows, illuminating the stunning hardwood floors that gracefully flow throughout. The high vaulted ceilings in the living/dining area add an extra touch of grandeur, setting the stage for both everyday living and entertaining with effortless elegance. Step outside onto your expansive 8-foot extended privacy deck, offering an enchanting setting for alfresco dining or simply unwinding amidst the serene surroundings. Recent enhancements to the property include the installation of a custom security gate, landscape/retainer wall, rear privacy fence, and new gutters, seamlessly blending security with aesthetic allure. Inside, the updated kitchen boasts new lighting, faucets, and all-new appliances, marrying modern convenience with timeless style. The divine primary suite awaits upstairs, adorned with skylights that infuse the room with warmth and character. A spacious walk-in closet offers ample storage, while the ensuite bathroom provides a serene sanctuary to unwind at the end of the day. Venture downstairs to discover a versatile finished basement, complete with a recreation room offering additional living space for relaxation or entertainment. The fourth bedroom provides flexibility as a home gym or guest room, while a bonus flex space serves as a multifunctional area, perfect for an office, additional guest room, playroom, or storage area. The possibilities are endless! Situated on a coveted street in North Kenwood, this turn-of-the-century home offers unparalleled convenience with direct access to the lakefront bridge, park, Metra train station, and Lake Shore Drive. Whether commuting downtown or exploring the nearby Hyde Park, connectivity is at your fingertips. Don't miss out on the opportunity to make this your dream home in a sought-after neighborhood. Schedule a viewing today and unlock the potential of this North Kenwood gem, complete with modern updates and timeless charm!
EASY TO SHOW TWO FLAT, CLOSE TO TRANSPORTATION, SCHOOLS SHOPPING. THIS TWO FLAT NEEDS SOME TLC, BRICK TWO CAR GARAGE. BOTH UNITS HAVE 3 BEDROOMS AND 1 BATH. CELLAR ENTRANCE THROUGH THE REAR OF BUILDING. LISTING OFFICE DOES NOT HOLD EARNEST MONEY
WOW!!! OMG!! Amazing, Stunning, Chicago 2 Flat!! Rare to find!! The Perfect location! Great Opportunity to live in one unit and rent the other or rent the whole building! Great Investment Opportunity! Updated Units! Two 2 Bedroom Units and One extra inlaw 1 Bedroom living space on the 3rd floor! Beautiful Hardwood floors throughout! Stainless Steel Appliances and Custom Tile Work in Bathrooms! 2.5 Car Garage! Newer Roof, Tuck Pointing, Drywall, Windows, Electric, Plumbing, New Composite Fenced in Back Yard with Large Paver Patio. Shared Coin Laundry in 1st Floor Utility Room for all Units! This Building has everything!! EXCELLENT location close to highway, train, airport, restaurants, shopping, and parks! You can't beat it! TAKE ADVANTAGE OF THIS, GREAT INVESTMENT!! YOU'RE GOING TO LOVE IT!
7931 S. Manistee is a seven (7) unit building in Chicago's historic South Shore neighborhood. Nestled on a one-way, tree lined street, the building sits within walking distance to an abundance of public transportation options, Lake Michigan, and Rainbow Beach Park. Over the past few years, South Shore has seen a wealth of new developments due to its proximity to Lake Michigan, the upcoming and developing Obama Presidential Library, along with $100 million project located at 79th and Exchange, Thrive Exchange, located just two (2) blocks away from the subject property. 7931 S. Manistee has an incredibly desirable unit mix comprised of seven (7) 3bd/1ba units. Each unit features hardwood floors and spacious floor plans with separate living and dining rooms. Recent improvements to the building include, but are not limited to: copper plumbing, modern boiler with RandD control system, an abundance of masonry and tuckpointing work, along with newer windows. 7931 S. Manistee presents an investor with the opportunity to acquire a stabilized, cash flowing building with a significant value-add component. At list price, the building performs at a 9.2% cap rate. However, solely by raising rents to current market rate levels, an investor could achieve an 11.37% cap rate and cash return of nearly 22%.
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