Description
Historic Graystone 6-Unit in Garfield Park - Investment Opportunity Welcome to 351 S Hamlin Blvd., a stately three-story Graystone nestled in the heart of Garfield Park. This legal 6-unit building offers timeless charm with original woodwork and solid bones, making it a rare find for investors seeking both character and cash flow. Unit Breakdown: Apt 1F - 1BR | $650/mo | M2M tenancy since 10/15/12 Apt 2B - 2BR | $650/mo | M2M tenancy since 2/25/06 Apt 3F - 1BR + Den | $850/mo | M2M tenancy since 12/1/23 Apt 1B - 1BR | $600/mo | M2M tenancy since 2/15/22 Apt 3B - 2BR | $600/mo | M2M tenancy since 5/15/95 Apt 2F - 1BR | Vacant Coach House - 1BR | Vacant Financials: Monthly Rental Income: $3,350 Insurance: $384.25/month 2023 Taxes: $5,927.76 Gas (Jan-Oct): $1,655.53 (common areas & basement) Electric (Jan-Sep): $377.62 (common areas & basement) Water (Jan-Oct): $3,163.11 Located just blocks from Garfield Park Conservatory, public transit, and major thoroughfares, this property offers strong upside potential with two vacant units ready for market-rate tenants or renovation.
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School Ratings & Info
Description
Historic Graystone 6-Unit in Garfield Park - Investment Opportunity Welcome to 351 S Hamlin Blvd., a stately three-story Graystone nestled in the heart of Garfield Park. This legal 6-unit building offers timeless charm with original woodwork and solid bones, making it a rare find for investors seeking both character and cash flow. Unit Breakdown: Apt 1F - 1BR | $650/mo | M2M tenancy since 10/15/12 Apt 2B - 2BR | $650/mo | M2M tenancy since 2/25/06 Apt 3F - 1BR + Den | $850/mo | M2M tenancy since 12/1/23 Apt 1B - 1BR | $600/mo | M2M tenancy since 2/15/22 Apt 3B - 2BR | $600/mo | M2M tenancy since 5/15/95 Apt 2F - 1BR | Vacant Coach House - 1BR | Vacant Financials: Monthly Rental Income: $3,350 Insurance: $384.25/month 2023 Taxes: $5,927.76 Gas (Jan-Oct): $1,655.53 (common areas & basement) Electric (Jan-Sep): $377.62 (common areas & basement) Water (Jan-Oct): $3,163.11 Located just blocks from Garfield Park Conservatory, public transit, and major thoroughfares, this property offers strong upside potential with two vacant units ready for market-rate tenants or renovation.
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