36 W 56th Street
Property Description
Live for Less + Earn from Day 1... Absolutely enchanting opportunity - whether a house-hacker, pure investor, multi-generational household, or a portfolio buyer - this dreamy, English-Tudor duplex is a proven, steady, income-producing asset w/a 4.14% cap rate + $32,100 annual NOI (positioned below market rates + logically to increase at next lease renewal). An 11-year track record of 100% occupancy w/happy, long-term tenants + no work required, this is truly a "unicorn" property. Set on leafy 0.30acre parcel mere steps from every favorite haunt in the Butler-Tarkington retail district, including: Illinois Street Food Emporium, Tinker Coffee, Kincaid's Market, Byrne's Pizza, Starbucks, Safeway, Graeter's + so many other hot spots! Nestled deep on the lot, this handsome brick facade encases two mirror-image units loaded w/character. Both foyers feature wrought iron rails + hardwood floors that flow into the living + dining rooms. Both units feature their classic original fireplaces in both the living rooms + their respective lower level rec rooms! Both dining rooms open to private screen porches overlooking the rear yard. Both upper levels feature two spacious bedrooms + classic original bathrooms w/original tilework + fixtures. Lower level rec rooms open to unfinished utility rooms w/lavatories + laundry areas. The property features a detached two car garage (one per unit). Stability + income + opportunity all wrapped in picture-perfect packaging...
Broker Details
CENTURY 21 Scheetz (317) 844-5111
MLS ID: 17305 State License Number: RB14050033
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $699,900 |
| No. of Units: | 2 |
| Year Built: | 1940 |
| Opportunity Zone: | No |
| Price per unit: | $349,950 |
| Property Website | Click Here |
| Number of Bedrooms: | 4 |
| Number of Bathrooms: | 4 |
ID: 3yd-MIBORIN-22089775
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