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1437 N CLEAVER Street - Wicker Park Multi-Family 6-Unit 2BD/1BA, CHICAGO, IL

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1437 N CLEAVER Street - Wicker Park Multi-Family 6-Unit 2BD/1BA

CHICAGO, IL 60642 - Wicker Park MF Submarket

Property Type:Multi-Family Number of Units:6 Status:Existing Year Built:1991
Stories:3 Building Size:3,654 SF Land Area:-
For Sale Price:$1,450,000 Price/Unit:$241,666.67 Cap Rate:- GRM:-


Sale Notes:
Kiser Group is pleased to exclusively list 1437 N. Cleaver. The property was completely renovated in 2015
with new kitchens, stainless steel appliances, new cabinets, granite countertops, and hardwood floors.
Comprised of (6) total units, there are three floors with two units per floor. All units are 2Bed/1Bath
with renovated bathrooms. Each unit has individual HVAC and hot water tanks. The building features
on-site laundry, spacious, newly built decks for each of the rear facing units, and a large, landscaped
backyard. New siding and windows were also installed in the recent renovation. Plumbing has been
updated to copper. Three units are market rentals and three units are corporate rentals with one year
leases. These corporate rentals provide significantly increased rental income. The property has rental
upside with the other three market units converting to short term corporate rentals at the end of the
existing one-year leases.

Kiser Group
Jessica Jackson
(773) 293-5000

Lee Kiser
(773) 293-5000

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