916 West Willow Street is a 4 unit brick building located in the Lincoln Park neighborhood of Chicago. The unit mix includes large 4 one bedroom apartments. Two of the four apartment units have been renovated to include stainless steel appliances, new cabinets, and quartz kitchen countertops. The two older units present the investor with a value add opportunity to renovate the units and increase rents.
The property is conveniently located within 1/2 mile of two CTA stops, that together service the Brown, Purple, and Red Lines. The Armitage stop sits approximately 2 blocks, while the North/Clybourn stop is a short 6 minute walk south of the property.
Due to the popularity and high quality of living in Lincoln Park, the property also presents the investor with two redevelopment options. The investor can convert the 4 unit building into a single family home, or tear down the structure completely and rebuild a single family home. Over the years countless apartment buildings have successfully been torn down or converted into multi-million dollar homes.
916 West Willow presents the investor with the opportunity to obtain a quality building in a prime location with several strong investment strategies for a successful future.
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- 2 week escrow period
- Multiple offers received
- Prime Lincoln Park location
- Redevelopment opportunity available to convert to single family home
- Current unit mix includes 4 huge 1 bedroom/1 bath units
- Copper plumbing and updated electric