2216 N Cleveland Avenue, Chicago, IL 60614

Classic Chicago Greystone in prime east Lincoln Park location. This fully occupied 3-flat plus garden apartment never sees vacancies (119k a year and rents can be moved up easily). Long-term tenants have kept some rents low. The units feature very high ceilings (10'), central heat + AC. 2/4 units have in-unit laundry. Common area laundry is also found in the front half of the English Garden. Lots of room for cosmetic improvements to increase the monthly rents. Recent enhancements include tuck pointing, removal of ivy, painted full rear of the building, and repainted metal vertical walls in breezeway. New furnace in Unit 3, new AC in unit 2 and newly rebuilt retaining wall on south walkway. Total yearly utilities are 6119 - that is common electric, trash, water, gas and sewer. Lot size is approximate as of listing date, awaiting new survey. owner pays 34% gas for unit 1, garden and common area (that is reflected in the 6119 of expenses) RENT ROLL, EXPENSES AND LEASE TERMS ALL ON … read more …