Fantastic Opportunity to own a large 3-unit investment property in the heart of the booming Delmar Loop. Ideally situated right next to Washington University, this attractively located property offers many amenities that will keep it high-performing for decades to come. Large 3-bedroom units feature many updates, with completely… Read More new plumbing to kitchens and baths, hardwood floors throughout, and renovated kitchens with stainless appliances. Central AC & Forced Air heat, roof in great shape redone in the past few years, impeccable brickwork. Off street parking pad in the rear, metal fire escape in great shape. Clean basement with storage lockers for all units, updated electrical panels. A motivated owner will thrive leasing these 3-bedroom units at a quite achievable $2250 market rate as-is. Wash U charges $1700+ *per person* monthly for tiny dorms -- students flock to the Delmar Loop for all the shops, restaurants, bars and more that it has to offer! With further simple upgrades like in-unit laundry or furnishing the apartment for students, the sky's the limit: others on this block have achieved $3,200/mo+ rents for 3-bedroom units with laundry, furnishings, etc.. Offered at Pro Forma 7.81 Cap rate at market rents, call today Read Less
Listing courtesy of Evan Kuhn, Broker, 630-639-7069.
Listing Snapshot
Days Online
219
Last Updated
Property Type
2-4 Units
Square Ft.
4,212
Lot Size
0.11 Acres
Year Built
1929
MLS Number
26007450
Additional Details
Basement
Basement: Concrete, Basement
Building
Above Grade Finished Area: 4212 Sq.Ft., Above Grade Finished Area Source: Public Records, Architectural Style: Mid-Rise 3or4 Story, Construction Materials: Brick, Living Area: 4212 Sq. Ft., Number Of Units Total: 3, Year Built: 1929
Community
Number Of Units In Community: 3
Cooling
Cooling: Central Air
Disclosures
Disclosures: Flood Plain No, No Other Known Restrictions, Unknown
Heating
Heating: Forced Air
Income
Net Operating Income: 55835
Laundry
Features: In Basement
Lot
Lot Size Acres: 0.1148, Lot Size Square Feet: 5000.69 Sq.Ft.
Property
Property Sub Type: 2-4 Units
Roof
Roof: Flat
Taxes
Annual Tax Amount: 6559, Tax Year: 2024
Utilities
Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Connected, Water Available, Water Source: Public
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