Property Description

ASSUMABLE MORTGAGE AT 2.75! Extremely rare opportunity to purchase an updated turn-key brick legal 4 unit on an oversized lot in Logan Square with high cash flow potential from ASSUMING THE MORTGAGE. Keep the ultra-low rate and capitalize on a huge opportunity to have very minimal living expenses as you live in one unit and rent out the others. This property is comprised of two front 1 bed/ 1 bath units, the largest layout with separate living rooms, two rear 2 bed/1 bath units, and a non-conforming garden unit. 4 units feature in-unit washer/dryers installed in 2019. Building has a 2020 main boiler, copper water lines, 200 amp electrical service, well maintained roof, 2019 water heater, recent tuckpointing, new concrete patio and newer parking pad to fit 3 cars. Hardly anything to do as property was rehabbed in 2019/2020 and 4 units were renovated with brand new kitchens with white shaker cabinets, stainless steel appliances, and granite counter tops. Vinyl windows and hardwood floors in each of the units. Updated and spacious bathrooms with white subway tile. Amazing location, 1 block away from Healy Metra, Logan Square farmers market, Kosciuszko Park, Aldi, Park & Field, and more! We may never see 2.75 interest rates ever again! Don't miss this exceptionally rare opportunity. Owner occupancy required for assumption. Current assumable loan balance is 638K.

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