2205 Cullom AveChicago, IL 60618

This classic two-unit apartment building, located at 2205 W Cullom Ave in Chicago's desirable North Center neighborhood (zip code 60618), presents a compelling investment opportunity. The property features two spacious units: a two-bedroom, one-bathroom unit and a three-bedroom, one-bathroom unit. An unfinished basement provides ample storage space, and a two-car garage adds significant value and convenience. The building is situated on a lot in Cook County, Illinois, and offers excellent potential for either immediate rental income or future renovation and value enhancement. Based on recent comparable properties, projected rental income is estimated at $2,250 per month for the two-bedroom unit and $2,850 per month for the three-bedroom unit, totaling $5,100 monthly. The property is being offered at an asking price of $730,000. This presents a rare chance to acquire a well-located multifamily property in a thriving Chicago neighborhood with strong rental demand. The property's existing structure and potential for upgrades make it an attractive option for both seasoned investors and those new to the multifamily market. The unfinished basement offers significant potential for expansion or additional rental units. The two-car garage is a valuable amenity in a densely populated urban area. This property is ready for a new owner to capitalize on its potential.