At a time when it appears to be getting harder and harder to find multi-unit properties for sale on the West Side, occasionally one springs up out of the blue. This 3 LakeView Avenue building (corner of Pennsylvania), is located just a couple of blocks from the Peace Bridge, in a neighborhood that is starting to see a lot of investment – D’Youville and Niagara Street.
If fixed up, this property could be a serious catalyst for change in the neighborhood. The building is being listed for $349,900, and according to realtor Carmelo Parlato, the current gross yearly income is $40,800. The brick building consists of 9 units (4 1-bedroom, 3 2-bedroom, and 1 3-bedroom) and a storefront.
Along with being within walking distance of LaSalle Park, residents would also be able to stroll over to grab a beer at the future home of Community Beer Works. I love the look of this building. Can you imagine what it would look like if the cornice was to be restored and a new storefront was installed? Hopefully someone will purchase this beauty and bring back its luster.
Get connected: parlato.carmelo@gmail.com