7516 Ridge Boulevard

newly Remodeled 6-unit 3-story brick building on the board of 3 wonderful areas; West Ridge, Rogers Park, and Evanston. Great local transportation and shops, excellent for tenants. Property was rehabbed in '14-'15 and now refreshed in 2020. The building is clean and features many updates and new appliances from the rehab. 6 Units with 2 bedrooms and 1 bath each. Fully rented to wonderful tenants, All leases are Month-to-month. Rents are under market rates which creates an opportunity for a hands-on buyer. Market rents $1200-1300. Property also features 2 parking spaces and individual storage units in the basement which could be rented for additional price. Currently generating near over 7.5 cap (9 GRM) with opportunity to be at a 10+ cap (7.90 GRM). Don't miss this opportunity. There are 2 coin washers & 2 coin dryers in the basement area which currently create income for the building owner. Minor touches to this property can generate a big increase in income, est. $10,000++. 7516 1/2 N. Ridge Blvd. Building was completely remodeled in 2008, including new windows, kitchens, appliances, gut bathroom remodel. New roof around 3 years. And the building was refreshed in April 2020. 1 Unit has a brand new kitchen.