Property Description

Turnkey investment opportunity in the heart of Elmwood Park! This well-maintained legal 2-unit building , on 40x125 lot and is fully rented, producing strong and stable income from day one. Both units feature modern renovations, making this an ideal property for investors seeking a low-maintenance asset with significant recent capital improvements. Extensive permitted capital improvements during ownership have been completed, including a rear deck (6 months old), roof (3 years old), two water heaters (3 years old), newer windows, new garage (4 years old), new rear concrete walkways (4 years old), and a new exterior cleanout. Unit 1 is a freshly remodeled 3-bedroom, 1-bath featuring refinished hardwood floors, quartz countertops, new appliances, a fully remodeled bathroom, fresh paint, and canned lights. Unit 2 is a 2-bedroom, 1-bath unit with hardwood floors throughout and has also been recently remodeled, offering updated finishes and strong rental appeal. The unfinished basement offers possibility to duplex down to the first floor (buyer to verify) or create additional living space. Separated electric and gas, helping maximize investor returns. Additional income is generated from coin laundry in the basement and 2-car garage plus 2 additional exterior parking spaces. With solid in-place income, modernized units, and future upside, this property is an excellent opportunity for investors in a highly desirable Elmwood Park location.

Property Features

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