1100 N Van Buren Street

If you are an investor seeking a 3 unit property (Units 1-2 on main level, Unit 3 on the upper). Following a fire in Feb 2023, many repairs and updates were made, including seperating the electircal utilities and replacing all heating to electrical baseboard heat. This recently updated building (with permits and city inspections) is competitively priced, fully rented with gross rents at $3750 (that's greater than 1.3% of the price). A conventional lender would love that kind of return. You will love it too! The landlord currently pays the water bill, but is working toward charging the tenants on a basis of 20% per bedroom (#1 =40%, #2 =20%, and #3=40%).