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$270,000
3 Baths 20261071896 MLS
Turnkey, Fully Occupied Triplex | Renovated | $24,000 Stabilized NOI 1187 Park Avenue offers investors the opportunity to acquire a fully occupied, recently renovated triplex with stabilized operations, long-term tenants, and limited near-term capital needs. The property is configured as two 2-bedroom, 1-bathroom apartments and one 1-bedroom, 1-bathroom basement apartment, providing a practical and attractive unit mix for both investors and residents. The property currently generates $2,025 per month in rental income, with the current rent roll offering the potential to increase to as much as $3,150 per month, creating additional upside beyond current income. The property benefits from an exceptionally stable tenant profile, with tenants who have occupied the building for more than 10 years and have taken excellent care of the property. Their long-term tenancy and responsible occupancy contribute to minimal turnover, reduced wear and tear, and limited property management needs. Importantly, new leases reflecting the potential rent increases have not yet been executed, providing a new owner with the ability to raise rents to as much as $3,150 per month at signing, subject to market conditions and lease execution. The asset is 100% occupied, providing immediate cash flow without the execution risk associated with lease-up. During the current ownership period, more than $25,000 was invested in renovations across the property, leaving the next owner with a substantially completed product rather than a value-add project. The owner covers water, gas, and electricity, all of which are reflected in the stabilized NOI. With the renovation program complete, long-term tenants in place, minimal management requirements, and the ability to raise rents to as much as $3,150 per month, 1187 Park represents a finished, income-producing multifamily asset with additional near-term rental upside available to the next owner. No showings without an accepted offer.

1187 Park, Lincoln Park

Courtesy of RE/MAX Leading Edge 3132777777

$235,000
3 Beds 3 Baths 20261071618 MLS
Move-in ready with added buyer incentives! Seller is offering a one-year home warranty and up to $400 toward the buyer’s home inspection cost at closing. Ask about potential down-payment assistance programs available to qualified buyers. This beautifully updated 3-bedroom, 2.5-bath home offers plenty of character, modern updates, and additional living space. The main level features updated flooring, fresh paint, updated lighting, an updated kitchen with stainless steel appliances, a cozy breakfast nook, and a gas fireplace. Upstairs, you’ll find a versatile flex space perfect for a home office, sitting area, or additional living space. The finished basement adds even more usable space with two large bonus rooms, an updated full bathroom, and plenty of storage. Major improvements include new PEX plumbing, a new water service line, newer hot water heater, new gutters, updated bathrooms with new plumbing fixtures, new interior doors, new front and security doors, new basement glass-block windows, and a newer concrete driveway. Outside, enjoy a private backyard featuring new concrete, a gazebo, refreshed landscaping, and updated exterior lighting. Stainless steel kitchen appliances, washer and dryer, and portable high-efficiency A/C units are included. With extensive updates already completed and valuable buyer incentives, this home is ready for its next owner

4040 Longtin Ave, Lincoln Park

Courtesy of RE/MAX Cornerstone 7348559500

$325,000
3 Beds 4 Baths 20261066550 MLS
Welcome to 1360 Michigan Blvd. in the heart of Lincoln Park! Lovingly maintained by its original owner, this spacious home offers 2,808 square feet of above-grade living space plus a finished basement. The inviting layout features two separate family rooms, providing plenty of flexibility for everyday living, entertaining, or additional gathering space. The finished basement offers even more usable space and features a cozy fireplace and dedicated bar area, creating a great space for entertaining, relaxing, or enjoying time with family and friends. With generous room sizes, a functional floor plan, and an abundance of finished living space, this home offers plenty of opportunity to make it your own. Conveniently located near shopping, dining, parks, recreation, major roads, and I-75. A fantastic opportunity to own a spacious home with a great layout in a convenient Lincoln Park location!

1360 Michigan Blvd, Lincoln Park

Courtesy of @properties Christie's Int'l R.E. Birmingham 2488508632

$189,900
3 Beds 2 Baths 20261061801 MLS
Sitting at nearly 1,600 sq. ft. this brick A-frame/Tudor-style home situated in one of the most sought after areas of Lincoln Park is offering 3 bedrooms and 1.5 baths with plenty of space and character. The updated galley kitchen sits perfectly between the formal dining room and breakfast nook overlooking the cozy family room. The living room features a fireplace, creating a warm and inviting space for relaxing indoors. Step through the sliding glass doors to a poured concrete patio, ideal for outdoor dining, entertaining, or enjoying evening sunsets. A 2-car detached garage adds convenience and storage. With a little vision and cosmetic refreshing, this home offers an excellent opportunity to build instant sweat equity. CERTIFICATE OF OCCUPANCY IN HAND. FHA/VA financing welcomed at no cost to the seller. A great opportunity for the right buyer - schedule your showing and see the potential firsthand. Appliances are offered for the convenience of the buyer, are in "as-is" condition, have no monetary value, and are without warranty.

820 Winchester Ave, Lincoln Park

Courtesy of Metropolitan Real Estate 3132776453