Location! Location! Location! Rarely Available, Fully Occupied, High Rent 5 Unit Building In Lincoln Park – $1,349,850

1044 W Montana St , Chicago, IL 60614

1044 W Montana St Chicago IL exterior

buyer rebatesRarely available investment opportunity, this high rent 5 unit building is a money making machine. Keep as an armchair investment property, building running smoothly just keep high rents coming. Absolutely no expected vacancies due to prime location. Units have many updates including copper plumbing lines, renovated kitchens, updated gas forced air HVAC systems and separate utilities. Add this to your portfolio, front first and second floor units provide over 1,100 square feet each. Coach House units are also large with tall ceilings and spacious rooms. Room to improve rents without having to do major renovations. Building has over 6.5% cap rate potential. Just steps to DePaul University, Brown/Purple/Red Fullerton stop, restaurants and shops.

1st Floor-Front Unit

Living Room

This unit has tall ceilings and windows.

1044 W Montana St Chicago IL living room 2

Dining Room

Separate dining room with tall, west facing windows that allow for abundant natural light.

1044 W Montana St Chicago IL dining room 2

Kitchen

The large kitchen has room for a breakfast table or prepping island.

1044 W Montana St Chicago IL kitchen 2

Bedroom

All three bedrooms in this unit have space for a queen size bed and each has a deep closet.

1044 W Montana St Chicago IL bedroom 2

Bathroom

This bathroom has white subway tile.

1044 W Montana St Chicago IL bathroom 2

2nd Floor-Front Unit

Living Room

Each apartment has separate utilities including gas forced air and central a/c.

1044 W Montana St Chicago IL living room 1

Dining Room

The carpet has been recently replaced and apartment freshly painted.

1044 W Montana St Chicago IL dining room 1

Kitchen

This kitchen has its’ own washer and dryer in unit.

1044 W Montana St Chicago IL kitchen 1

Bedroom

Bedrooms are large with plenty of space for a desk and queen bed.

1044 W Montana St Chicago IL bedroom 1

Bathroom

2nd floor front unit bathroom.

1044 W Montana St Chicago IL bathroom 1

Coach House

Coach house shown here features 2 separate spacious apartments and a laundry room for tenants.

1044 W Montana St Chicago IL rear exterior

2nd Floor Coach House Unit

Living Room

Spacious living room with large windows and a ceiling fan.

1044 W Montana St Chicago IL living room 5

Kitchen

Bright and spacious kitchen with an eating area.

1044 W Montana St Chicago IL kitchen 5

Bedroom

Large bright bedroom.

1044 W Montana St Chicago IL bedroom 5

Bathroom

2nd Floor coach house bathroom.

1044 W Montana St Chicago IL bathroom 5

1st Floor-Coach House Unit

Living Room

Notice the tall ceilings in this coach house unit.

1044 W Montana St Chicago IL living room 4

Kitchen

Spacious kitchen has ample space for an eating area.

1044 W Montana St Chicago IL kitchen 4

Bedroom

All bedrooms are bright and spacious.

1044 W Montana St Chicago IL bedroom 4

Bathroom

1st Floor coach house bathroom.

1044 W Montana St Chicago IL bathroom 4

Garden Unit – Front Building

Living Room

Large living room with wood trim.

1044 W Montana St Chicago IL living room 3

Kitchen

Garden unit kitchen with enough space for an eating area.

1044 W Montana St Chicago IL kitchen 3

Bedroom

Garden unit bedrooms are good sized.

1044 W Montana St Chicago IL bedroom 3

Bathroom

Garden unit bathroom has a newer vanity.

1044 W Montana St Chicago IL bathroom 3

Additional Features:

Tenants pay all separate utilities
Prime location, 1 block from DePaul, Brown, Red and Purple Line
Close to all restaurants and shops
Quiet tree lined street
Large units with spacious bedrooms
Extra Large kitchens and living areas
Tall Ceilings and Tall windows
Garden unit with two entrances
2 Laundry rooms
Front/Main building and Coach house have separate entrances
Courtyard in between Main building and coach house, ideal for common outside seating
Owner has little to none vacancies due to superb location
New siding on front building
New roof on Coach house
High Cap rate on desirable neighborhood

Contact Information:

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