1096-1098 Elmwood Ave

Elmwood Ave near Forest AveTwo solid commercial/apartment buildings located in one of the city’s best walkable neighborhoods which is home to some of the city’s most popular shops, bars & restaurants. The front building consists of a well established fast food, sit down restaurant along with two - 4 bedroom apartments and a 2 bedroom apartment. The rear building has two - 2 bedroom apartments along with a possible 3rd floor studio apartment/office that could be created with a fire escape installation in order to create a 7th income producing unit. Building Highlights Never a vacancy in the 12 years of ownership Four years +/- remaining on restaurant lease, with 5 yr option. Very consistent sales Tenants pay gas & electric except for two apartments where owner pays electric Roofs are 5-7 yrs old Newer tankless hot water systems Circuit breakers Low maintenance vinyl siding Public parking near by Security systems Washer/dryers in basement Porches & balcony in rear building overlooking courtyard Rents under market with great upside potential