3 unit – Condo/Rental Lincoln Park

Classic Chicago Brick 3 unit – 3 Story + Basement stands the test of time.

In this hot area, these luxury condo units are in big demand. Nicely finished condos in good locations often are sold out before construction is complete.

These buildings are also perfect as owner occupied rental properties. This is an excellent way to move into a brand new “condo” type unit and at the same time build wealth quickly by taking advantage of tax benefits and having tenants helping pay down your mortgage.

Status:              Proposed – Updated September 9, 2022

Property Type:     3 Unit Condo/Rental

Sub-Type:            Condo / Residential Income

Building Size:        6,000 SF 

Actual Cap Rate:            5.7%

Document List For Investors

FINANCIAL SUMMARY – PRO FORMA  2022-23  

Rental Scenario – Pro Forma  2022-23