2513 N Talman Avenue, Chicago, Illinois 60647

List Price
Two to Four Units
Logan Square
Days On Market

Property Description

Want to live in the highly desirable, historic Logan Boulevard? With it's tree-lined and mile long beauty, this once in a generation well maintained 3-unit building could be yours. The scarcity of a Victorian Style facade gem with fluted columns, only footsteps away from the Boulevard's unique beauty, is the prize of a lifetime. Configured as three-two bedroom one bathroom apartments, they all feature similar footprints. Solid Hardwood floors, galley kitchens, tall windows, Skylights, high ceilings, and tons of light, are some of the features. The second floor highlights a 30 foot vaulted ceiling wrapped with beautiful tongue and groove knotty pine. This unique property offers the astute investor an opportunity to acquire a very well-located, cash-flowing asset. Presently, the Proforma cap rate is 9%, but the savvy investor, could easily reside in one unit and rent out the other 2 at market rate. 2 of the 3 units are month to month with long term tenants paying below market rents. This worthwhile asset could easily be updated with a minor budget and enhance the investor's or owner-occupant's portfolio. A quick 10-minute walk to the California Blue Line Public transportation and less-than a 5-minute jaunt to the # 74 Fullerton Ave CTA Bus. Shopping centers, movie theater, fitness centers (Extreme & Midtown gyms), big box retail, and grocers are 5 minutes away at Elston & Logan. Easy access to The Kennedy Expressway, via a 4-minute drive from your home. A stroll down Logan Boulevard to enjoy the Farmers market, Cafes, restaurants, or pure architectural splendor, is also a treat.

Additional Information

School District
Corporate Limits
Tax Year
Exterior Building Type
Vinyl Siding, Frame
Lot Dimensions
27 X 126
Lot Size Range
Less Than .25 Acre
Number Of Cars
Garage Spaces
Natural Gas, Forced Air
Public Sewer

Mortgage Calculator

Amount of Loan
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Calculator source: Real Geeks

Listing courtesy of Core Realty & Investments, Inc.

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