Rarely Available Investment Opportunity! Well Maintained All Brick Building On An Extra Wide Lot In Humboldt Park Has Endless Possibilities – $417,850 (Under Contract)

877 N. Mozart Street, Chicago, IL 60622

877 N. Mozart Street, Chicago, IL 60622 exteriorbuyer rebatesRarely available investment opportunity in Humboldt Park, this well maintained brick building on an extra wide lot (30 x 127) has endless possibilities. Keep as an armchair investment property or convert to single family home. New construction all around. Many updates include copper plumbing lines, renovated kitchens and bathrooms, updated gas forced air HVAC systems and separate utilities. Add this to your portfolio today or make it your home. First and second floor units over 1,100 square feet each. Basement ceiling height over 7 feet tall, ripe for a duplex down addition. Rents well below market value, building has over 6% cap rate potential. Just steps from California Avenue where it’s filling up with new restaurants and shops.

1st Floor Unit

Living Room

The 1st floor unit living room has dark stained hardwood flooring, 10 foot tall ceilings and enviable natural light.

877 N. Mozart Street, Chicago, IL 60622 living room

Dining Room

The 1st floor dining room has tall windows and a bonus adjacent room that can function as a home office.

877 N. Mozart Street, Chicago, IL 60622 dining room

Dining/Living Room

The extra-large dining room has an open layout, great for entertaining.

877 N. Mozart Street, Chicago, IL 60622 dining room

Kitchen

The kitchen has been updated with new plumbing, includes a dishwasher and also has a spacious pantry.

877 N. Mozart Street, Chicago, IL 60622 kitchen

Bedroom

The bedrooms in all of the units are spacious and easily fit a queen size bed.

877 N. Mozart Street, Chicago, IL 60622 bedroom

Bathroom

The bathrooms have been updated with new copper plumbing lines.

877 N. Mozart Street, Chicago, IL 60622 bathroom

Bedroom

This bedroom is photographed with a queen size bed.

877 N. Mozart Street, Chicago, IL 60622 bedroom

2nd Floor Unit

Living Room

With the building facing West, the living room on the 2nd floor has ample natural light.

877 N. Mozart Street, Chicago, IL 60622 living room

Kitchen

The 2nd floor unit has a large kitchen with enough space for a breakfast table.

877 N. Mozart Street, Chicago, IL 60622 kitchen

Bedroom

The bedrooms in the 2nd floor unit are spacious enough for queen size beds.

877 N. Mozart Street, Chicago, IL 60622 bedroom

Bathroom

The 2nd floor bathroom has a modern dark tile floor and elegant light fixtures.

877 N. Mozart Street, Chicago, IL 60622 bathroom

Bedroom

This bedroom has sufficient space for full size bed and a sitting chair.

877 N. Mozart Street, Chicago, IL 60622 bedroom

Yard/Garden

The extra-wide and extra-long lot gives you a large backyard in addition to the two car garage.

877 N. Mozart Street, Chicago, IL 60622 backyard

Basement

The basement has 7 foot tall ceilings and can easily be converted to a duplex down for an ideal owner’s unit.

877 N. Mozart Street, Chicago, IL 60622 basement

Property Financials:

  • Total Projected Monthly Rent Income $3,000
  • Unit 1 – $1,400 Monthly
  • Unit 2 – $1,400 Monthly
  • Garage Parking Space 1 – $100 Monthly
  • Garage Parking Space 2 – $100 Monthly
  • Annual Water & Insurance Expense $2,000
  • Property Taxes $5,999
  • Annual Net Operating Income $28,001

Additional Features:

      • 2 Car Garage
      • Extra Wide & Extra Long Lot
      • High Ceilings
      • Tall Windows
      • Hot Appreciating Area With New Construction
      • Contact Information:

Please contact Gary Lucido at 312 738 0232 for a showing. Click here to see our other Chicago Area Homes for Sale.