2712 W Evergreen Ave

Highlights:

• The property is 100% occupied by multiple long-term tenants.
• The current rents are below market, providing new ownership the opportunity to increase rents immediately or maximize rents by adding in-unit laundry and A/C.
• Boost income by renting 2 unused parking spaces and force appreciation by adding an ADU or duplexing down 2 units to a full basement.
• The property is located in one of Chicago's fastest appreciating submarkets and is close to several transportation, retail, and entertainment options.

Description:

SVN Chicago Commercial is pleased to present the exclusive opportunity to purchase 2712 W Evergreen Ave in Chicago, Illinois (the “Property”). The Property is a three-story brick walk-up located in West Ukrainian Village. It was built in 1903 and contains 6 multifamily units - all 2 bedroom/1 bathroom units with separate heat and electric. The property has a commercial-grade washer and dryer in the building with 2 surface parking spots and a total gross area of 6,762 SF on a 0.07-acre parcel. Property was renovated in 2015 and recent capital improvements include a new roof and tuckpointing.

The property is 100% occupied by multiple long-term tenants.
The current rents are below market, providing new ownership the opportunity to increase rents immediately or maximize rents by adding in-unit laundry and A/C.
Boost income by renting 2 unused parking spaces and force appreciation by adding an ADU or duplexing down 2 units to a full basement.
The property is located in one of Chicago's fastest appreciating submarkets and is close to several transportation, retail, and entertainment options.

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