4154 W GIRARD AVE

Fully occupied three story five-unit apartment building located in Parkside, first and second floor have two apartments on each floor, the third floor has one large apartment. All utilities except cold water have been separated. The first-floor front has a recently ungraded small studio apartment which includes a new kitchen, new bathroom, new gas forced air heat, exposed brick and engineered flooring. The first-floor rear is a two-bedroom apartment with a long-term tenant and rented way under market value. The second-floor front is a good size studio with a new bathroom and upgraded kitchen. The second-floor rear is a beautiful one bedroom with a new kitchen, granite counters, engineered flooring and an original bathroom that has been completely restored. The third-floor unit is a large two-bedroom unit with upgraded kitchen, laminate wood flooring and a gas forced air heating system installed four years ago. This is a rock-solid investment property located in Parkside where there is already lots of new apartment buildings already under construction and completed with rents for one-bedroom units renting at $1000-$1200 a month. With current rents the Cap rate is 7.318% see attached income and expense report attached