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PROPERTY DETAILS:
Rare infill site offering immediate income and long-term growth
In-place rents offset carry costs during construction
Existing mixed-use building was fully gut rehabbed in 2018 with minimal deferred maintenance or capex required
B3-3 zoning allows for up to 22 additional dwelling units as-of-right with no parking
Room to increase rents on a handful of existing units
Core location in strong rental submarket, located one block from Bell Elementary, a desirable and highly rated K-8 CPS school
Conveniently accessible with CTA bus stop located in front of the building and I-90/94 located 1.5 miles away
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