4 unit apartment building featuring 3 bed 1.5 bath units. Each unit is 1205 square feet. Rents are approximately $1250, with new leases starting at $1500, but could be much higher with minor cosmetic renovation. Building is owned by RE developer looking to sell after project not moving forward. Nice walk to Glenridge Elementary School and steps away from Starbucks, Manhattan Cafe, I Fratellini, Protzels, and many other restaurants on Wydown. Units are in decent condition but could see tremendous increase in rents with moderate renovation. Seller owns 618 S Hanley, another 4 family next door that could be bought simultaneously. Potential long term great condo development opportunity to build in conjunction with city owned parking lot.
Listing courtesy of Cornerstone Realty.
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