4936 N. Harlem Ave., Harwood Heights, IL presents an incredible opportunity to own a 6-unit multi-family property in a rapidly growing rental market. The Property consists of (4) 2Bd/1Ba, (2) 1Bd/1Ba units, along with (6) surface parking spaces. The Property has been well maintained by long-time owners. Recent capital improvements include a new roof in 2021 and new water heater in 2022. Currently, the building is fully occupied with rents significantly under market. For example, the average 2Bd/1Ba unit is currently rented for $933/month whereas similar units in the immediate area are renting for an average of $1,483/month. A new operator will have the opportunity to raise rents to market rate to generate over $30,000 per year in additional income. The Property sits in a highly desirable location surrounded by a host of retail options. Residents have their choice of a plethora of restaurants, bars, and shops, all located within minutes. Additionally, Interstate I-90 and the Harlem Blue Line CTA station are both under a mile from the Property. Excellent convenience and condition combine to make this in-demand rental property an exceptional investment.
