6702 S Wood Street Chicago, IL 60636

Motivate Seller says, "let investors weigh in"! Introducing a rare, value-add 8 unit, corner red brick building ALONG WITH a stable tenant base. This building is on the market for the first time in over 35 years and one of the very few multi-units for sale in West Englewood. Excellent cash flow (sta...bilized at over $90K/year) could be even better with a few improvements. Furnaces in each apartment, so tenants responsible for heating bills. Units are in average condition and could be upgraded as they turn over to attract higher paying market rate or vouchered tenants to maximize income. Located between Ashland and Damen close to transportation. New owner could convert up to seven apartments to 2 bedroom units by utilizing the dining rooms as the second bedrooms. One unit has already been converted in that way. Priced at a fully-loaded 9.9 cap at asking. Continue reading