- List Price $649,000
- Price / Unit $324,500
- Property Type Two – Four Unit
- Units 2
- Current Rents $50,400
- Pro Forma Rents $54,000
- In Place NOI $39,131
- Projected NOI $37,460
- Target CAP Rate 6%
- Market CAP Rate 5%
- Today's Market Value $649,000
- Value w/Market Rents $749,200
*Today’s Market Value & Value w/Market Rents is a theoretical value calculation derived by NOI and CAP rate. It does not take any other property factors into account.
- 5
- 2
- 2000
- 1885
- 100%
- 2
- 2
- Forced Air
- Central Air
- Common, Free
5
2
2000
- 1885
- 100%
- 5
- 2
- Forced Air
- Forced Air
- Common, Free
About the property
Investor’s Opportunity! This spacious, fully occupied two-flat in the heart of Bridgeport is a rare find for savvy investors seeking long-term returns. Both units have been meticulously updated, making it a truly turn-key property.
- Unit 1 boasts 3 bedrooms, 1 bathroom, stunning new quartz countertops, a freshly renovated bathroom, new paint throughout, and a private deck leading to a low-maintenance turf backyard.
- Unit 2 features 2 bedrooms, 1 bathroom, soaring vaulted ceilings, luxury vinyl flooring, brand-new appliances, and its own private deck for added appeal.
Additional highlights include a newly installed roof (2022), upgraded mechanical systems, and a large unfinished basement offering ample storage space. Located on a charming, tree-lined street, this fully rented property is a prime investment you won’t want to miss!
About the neighbourhood
- Bridgeport, one of Chicago's most historic and evolving neighborhoods, offers a unique blend of residential charm and urban convenience, making it an attractive market for real estate investors. Known for its rich history, diverse community, and proximity to downtown Chicago, Bridgeport has become a hotspot for both renters and homebuyers seeking affordable housing with easy access to the city's core. As the neighborhood continues to experience growth and revitalization, property values remain competitive, offering investors solid potential for appreciation. With a steady demand for rentals and a variety of property types, from traditional two-flats to modern developments, Bridgeport provides opportunities for long-term cash flow and value growth. Its walkable streets, proximity to the South Loop, and easy access to public transportation further enhance its appeal as a prime location for investment.
Municipality - Investor Guide
Chicago
| Transfer Stamps | Pre Sale Inspection | Yearly Rental Inspection | |
|---|---|---|---|
| Buyer: Y | Cost: $7.50 / $1000 | Required: No | Required: Yes |
| Seller: Y | Cost: $3.00 / $1000 | Cost: $0 | Cost: Varies |
| Notes | |||
| All rental buildings with 4 or more units must be registered with the city; Inspection may occur upon notice from Building Department. Call City to confirm if inspection is needed prior to closing. | |||
For a list of all Municipality requirements visit our Municipality Requirements Page
Property Documents
Property Financials
View current and future return metrics based on customizable inputs. "Annual Net Income", "Monthly Cash Flow", "Cash on Cash Return", "Equity Value", and "Equity Multiple" are based off of the "Year 2 Pro Forma" column inputs.
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Mortgage Calculator
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Utility Table
Total Yearly Utitlity Cost: $2,340.00
*This Utility Table does not include snow removal or lawn care costs, if any. For more details on snow/lawn expenses, see the "Expenses" attachment located under the "Property Documents" section.
Property Taxes
Currently No Tax data found for this property. Please Check back later.
Walkscore
Nearby
- Arts & Entertainment
-
Rodwan Gallery (0.12 mi)
-
Choate Studio (0.11 mi)
-
Chicago Shaolin Temple (0.2 mi)
- Education
-
Choate Studio (0.11 mi)
-
Little Einsteins Academy (0.13 mi)
-
St Barbara Catholic School (0.26 mi)
- Food
-
New Process Baking A Division of Metz Bakery (0.28 mi)
-
The New Taste Good Noodle (0.43 mi)
-
Supermercado La Familia (0.42 mi)
- Health & Medical
-
Advanced Medical Associates (0.14 mi)
-
Kirbee Chiropractic (0.16 mi)
-
Dr Beverly Henderson (0.17 mi)
Contact Information
- List Price $649,000
- Property Type Two – Four Unit
- Current Rents $50,400
- In Place NOI $39,131
- Target CAP Rate 6%
- Today's Market Value $649,000
- Price / Unit $324,500
- Units 2
- Pro Forma Rents $54,000
- Projected NOI $37,460
- Market CAP Rate 5%
- Value w/Market Rents $749,200
*Today’s Market Value & Value w/Market Rents is a theoretical value calculation derived by NOI and CAP rate. It does not take any other property factors into account.
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