Property Description
Introducing 3572-74 W. Cortland St., a fully rehabbed 9- unit multi-family property located in the Logan Square neighborhood. Professionally managed this stabilized investment property offers great in-place cash flow and future upside.
The building has an excellent unit mix of seven (7) 2-bed / 1-bath apartments, one (1) 3-bed / 2-bath apartments, and one (1) 1-bed / 1-bath garden apartment. All units have been fully renovated combining modern conveniences with historic charm. Each unit features updated kitchens and bathrooms complete with granite counter-tops and stainless steel appliances. In
addition to its cosmetic finishes, the building received numerous capital improvements including: tenant paid heat and electric, a new roof, and updated electric & plumbing.
3572-74 W. Cortland St. presents an opportunity to acquire a renovated asset with great in-place cash flow in the Logan Square neighborhood. An investor can unlock greater returns by gradually increasing rents to higher market levels over time, providing a solid cash-on-cash
return for years to come.
Contact Agent
Property Details
Property Type
Multifamily
Year Built
Year Renovated
2017-2018
Current Cap-Rate
6.60%
Pro Forma Cap-Rate
7.04%
Property Highlights
Phenomenal Location in Logan Square
Excellent Unit Mix with one, two & three bedroom units
Renovated Asset with Updated Electric, Plumbing,
Windows, Roof & Individual Furnaces.
Six (6) Parking Spaces in the Rear.