1056 N. Hamlin AveChicago, IL 60651

This exceptional eight-unit walk-up building is situated in Chicago's rapidly developing Humboldt Park neighborhood. Located on a peaceful, tree-lined street, this property enjoys a prime location just one block from the Division and Hamlin bus stop and approximately five blocks from North Avenue, offering abundant retail options and convenient public transportation access. The building comprises eight spacious two-bedroom, one-bathroom units, each equipped with individual furnaces and water heaters. Recent capital improvements have significantly enhanced the property's value, including updated copper plumbing, newer windows, a complete electrical rewiring, renovated kitchens and bathrooms, and the preservation of original hardwood flooring throughout. This fully occupied and stabilized asset presents a compelling investment opportunity with an immediate 8.8% cap rate. Projections indicate that with improved leasing and management strategies, raising rents to market levels already achieved within the building, a new owner could realize a 10.6% cap rate and a 20% cash-on-cash return. The 7600 square foot building sits on a 0.17-acre lot. This is a rare chance to acquire a strong, cash-flowing property in a thriving Chicago neighborhood.