5340 N Ashland Avenue

PRICE TO SELL!! SELLING PRICE IS FIRM. Prime location!! High rents. Generates lots of cash, nearly $5K/mo. Beautifully renovated 2-Flat plus bonus in-law large studio apartment in the heart of Andersonville. Top floor has 2BR+den/1BA, First floor is a 2BR/ 1BA. Steps to the heart of the Clark Street corridor with tons of restaurants, outdoor cafes and night life. Live a 45 second walk to Marty's Martini Bar and Hamburger Mary's. Walk to Jewel grocery store. All units were beautifully gut-rehabbed with $225K+ in improvements in 2017. All windows were replaced, refinished dark stained hardwood floors, new central heat/air, building was tuckpointed, new roof installed. Unique kitchen layouts with new 42-inch white cabinets and white granite spilling into back room with exposed brick, recessed lighting in kitchen. New ceiling fans throughout. High ceilings, top-down-bottom-up blinds. New patio was installed with pavers. New gates in front and back and new siding on 2-car garage. All-new back stairs. Master key system created, nice yard, storage closets, newer coin laundry in basement. In-law apartment has low ceilings but spent $40K on apartment just two years ago. It's nicely appointed with granite in kitchen with SS appliances, huge bathroom, huge walk-in closet and egress window. (The Garden unit is currently rented for $950/ month). Seller nor realtor represent the legality of in-law apartment. Garden Unit and 2nd floor is NOT vacant. Easy to show. Seller is agent's brother. Places show beautiful. For first showings, buyer's can view 1st floor and basement units. Same finishes and hardwood floors in both the first and second (top) floor units. Renters on the top floor requested carpet, but beautiful hardwood floors finished just like 1st floor units underneath. At the current ask price, this investment property has an incredible 7+% Cap Rate. Realtor is seller's brother. Buyers must be able to purchase with a conventional loan or cash ONLY. NO FHA Loans allowed.