4336-38 W 18th St, Chicago, IL 60623, is a 7-unit multifamily property offering a compelling investment opportunity in the North Lawndale neighborhood. This Class C property, built in 1901, presents significant value-add potential and benefits from its location within both an Opportunity Zone and Enterprise Zone 1, offering substantial tax incentives to investors. The property features a desirable unit mix of (4) two-bedroom, one-bathroom units and (3) three-bedroom, one-bathroom units, catering to diverse tenant demographics. Currently, 4 units are vacant and ready for renovation and lease-up, presenting a unique opportunity for strategic upgrades to maximize rental income. The pro forma financials highlight robust investment potential: Gross Monthly Rent (Pro Forma): $9,050 Net Operating Income (Pro Forma): $78,161 Projected Cash-on-Cash Return: Above 18% Renovation Budget: $100,000 to $150,000 This value-add opportunity allows investors to increase property value through targeted renovations while capitalizing on strong tenant demand in a market poised for growth. Situated in the heart of North Lawndale, the property offers proximity to transportation, schools, and essential amenities, ensuring sustained demand and long-term growth. For investors seeking high returns and strategic upside, 4336-38 W 18th St is a standout opportunity in Chicago's competitive multifamily market.
Jahr | Steuern | |
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2023 | USD $6140 | THB ฿208.085* |
*Von Open Exchange Rates in Ihre Währung konvertierter Preis. Wechselkurse unterliegen ständigen Schwankungen. Weder thinkofliving.com noch seine Partner garantieren, dass die Umrechnung dem aktuellen Wechselkurs entspricht und übernimmt keine Verantwortung für etwaige Abweichungen. thinkofliving.com empfiehlt Ihnen zur Sicherheit zusätzlich selbstständig den aktuellen Wechselkurs zu recherchieren.
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