Buena Park

Property Info:

ADDRESS: 656-58 W. Gordon Terrace

UNITS: 6 

PRICE: $1,950,000

NEIGHBORHOOD: Buena Park

COMMENTS: 

656-58 W. Gordon Terrace is a stabilized trophy building sitting in an A+ location.  Initially built in 1917 as luxury residences, this classic center entrance six-flat has been modernized by current ownership to meet today’s rental needs while preserving the historic woodwork and keeping the intricate detail intact.  All six (6) units feature large two (2) bedrooms and one (1) bathroom apartments.  The property offers its residents a large open layout, spacious living room, separate dining room, tons of natural light, backyard area and a beautiful lake view from outside.  Four (4) units have been updated with gorgeous dark hardwood floors, granite countertops, high-end cabinets, SS appliances, in-unit laundry, central heat + a/c, updated bathroom finishes with custom tilework.  New ownership has the potential to unlock additional cash flow through cosmetic updates to the final two units or simply continue to collect income as is. 

Located in an irreplaceable location, 656-58 W. Gordon Terrace sits in Chicago’s Buena Park neighborhood, dotted by the lake to the east.  Buena Park offers residents a charming community of tree-lined streets, close proximity to downtown, and prime access to Chicago’s lakefront parks. This is a trophy investment in a prime Buena Park location that you can sit back and manage for many years.

CONTACT AGENT: Matthew Fritzshall