Last Updated: 10/25/2016 10:01 PM
Description for 2032 W Iowa Street Chicago, IL 60622
Iconic brick two flat in the heart of Ukrainian Village (named the best neighborhood in the country). Current structure is a 2-flat both units 2bd/1bth and currently rented. Partially finished basement includes lifetime warrantied permaseal system. Beautiful original woodwork throughout. This building and lot combination leave many options for potential buyers. 1) Buy and hold will return a 5% cap rate once building is rented at market value for $3600/month ($1800/unit). 2) Owner occupy 1 unit and collect most of your mortgage from the other unit. 3) Gut the interior and create a beautiful single family. 4) Tear down (this lot is NOT in the UKV historic district), and join the many other new constructions on this block. Zoned RT-4 with a 125x24 lot. Tenants leases run through May 2017, but tenants have agreed to vacate December 1st for a contract before October 30th.
Humidifier, Intercom System
Gas Heat, Forced Air
Exterior / Lot Features
2 Garage Spaces,
Chicago to N on Hoyne, E on Iowa
Listing Price History
Chicago Real Estate
Chicago is located in Illinois. Chicago, Illinois 60622 has a population of 2,702,471.
The median household income in Chicago, Illinois 60622 is $47,408. The median household income for the surrounding county is $54,648 compared to the national median of $53,046. The median age of people living in Chicago 60622 is 33.1 years.
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