Last Updated: 10/25/2016 12:36 PM
Description for 849 S Miller Street Chicago, IL 60607
100% leased arm chair investment with tenants that line up to see it and pay their own utilities or tear down and build condos for doctors or apartments for students who need to walk to campus, University Of Chicago or Rush, take the El downtown or enjoy living off the highway in the heart of Little Italy and University Village. This solid brick 2 flat has been meticulously maintained and improved by tuck pointing, plumbing improvements, replacing HVAC, new flooring and sub flooring, new appliances, and other capital improvements. Current 5.5% CAP rate with easy Pro Forma of 6.3% CAP and ARP of 8.6% CAP. Build new construction with units starting at $450,000. Start doing your math and submit an offer. Zoned RM-5 with new construction next door.
Exterior / Lot Features
2 Garage Spaces,
Taylor to Miller
Listing Price History
Chicago Real Estate
Chicago is located in Illinois. Chicago, Illinois 60607 has a population of 2,702,471.
The median household income in Chicago, Illinois 60607 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 60607 is 33.1 years.
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