If you are looking for a lucrative investment opportunity in Chicago, then this Chicago investment property for sale is definitely worth considering. Located in a great location close to Chinatown with easy access to public transportation, this property offers stability and potential for a steady rental income.
One of the key features of this property is its stable rental income, as it already has tenants with a 2-year lease agreement. The tenants currently pay a monthly rent of $1950 in cash, providing a consistent cash flow for the investor. The lease is set to expire on 07/31/2024, ensuring a guaranteed income for the next few years.
The property itself is spacious and bright, offering a comfortable living space for the tenants. With 3 bedrooms and 2 full baths, there is plenty of room for a family or roommates. The hardwood floors add a touch of elegance, while the central AC/Heat system ensures year-round comfort. The property also comes with full appliances, making it convenient and ready for move-in.
One of the major advantages of this investment property is its excellent location. It is within walking distance to the Red and Orange lines, providing easy access to the city’s public transportation network. Additionally, CTA bus routes are easily accessible from the property, making it convenient for tenants to commute to work or explore the city. For those who rely on their vehicles, the property offers easy access to all major highways, making it a great location for commuters.
In terms of amenities, this property is surrounded by a variety of restaurants, grocery stores, and other essential services. Tenants will have everything they need within reach, making it an attractive location for potential renters. Moreover, the property is situated in the Healy Elementary School District, which is a desirable feature for families with children.
Overall, this Chicago investment property for sale presents an excellent opportunity for investors looking to secure a stable rental income. Its prime location, close proximity to public transportation, and a solid lease agreement with long-term tenants make it an attractive investment. Whether you are a seasoned investor or just starting out, this property is definitely worth considering for its potential for financial growth and stability.
2543 S Wallace Street, Chicago, IL 60616