Description
Introducing 1253 N. Rockwell, a high-potential multifamily investment property in Chicago's East Humboldt/Wicker Park neighborhood. This 7-unit vintage building presents a rare opportunity for real estate investors seeking strong cash flow and long-term appreciation in one of the city's most dynamic rental markets. The property consists of five spacious 2 bed/2 bath units and two 1 bed/1 bath units, all featuring modern updates, in-unit laundry, hardwood floors, and large windows-highly desirable amenities for today's renters. With current rents significantly below market value, there is substantial potential to increase rental income through strategic rent adjustments and property enhancements. Situated just steps from trendy restaurants, grocery stores, nightlife, and public transportation, including the #70 Division bus at Rockwell, this location ensures strong tenant demand. Additionally, its proximity to Humboldt Park offers an added lifestyle perk, attracting renters who value access to green space. This turnkey investment combines immediate value-add potential with a desirable unit mix, a prime Chicago location, and steady rental income, making it a smart choice for investors looking to capitalize on the booming multifamily market.
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School Ratings & Info
Description
Introducing 1253 N. Rockwell, a high-potential multifamily investment property in Chicago's East Humboldt/Wicker Park neighborhood. This 7-unit vintage building presents a rare opportunity for real estate investors seeking strong cash flow and long-term appreciation in one of the city's most dynamic rental markets. The property consists of five spacious 2 bed/2 bath units and two 1 bed/1 bath units, all featuring modern updates, in-unit laundry, hardwood floors, and large windows-highly desirable amenities for today's renters. With current rents significantly below market value, there is substantial potential to increase rental income through strategic rent adjustments and property enhancements. Situated just steps from trendy restaurants, grocery stores, nightlife, and public transportation, including the #70 Division bus at Rockwell, this location ensures strong tenant demand. Additionally, its proximity to Humboldt Park offers an added lifestyle perk, attracting renters who value access to green space. This turnkey investment combines immediate value-add potential with a desirable unit mix, a prime Chicago location, and steady rental income, making it a smart choice for investors looking to capitalize on the booming multifamily market.
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