1246 N Artesian Ave - Apartments FOR SALE


Chicago, IL 60622- Wicker Park
$2,700,000 USD
312-477-9181
1246 N Artesian Ave, Chicago, IL for Sale
$2,700,000 USD
Apartments - FOR SALE
1/4
null | 6% Cap Rate

1246 N Artesian Ave
Chicago, IL 60622
Wicker Park


OVERVIEW

Property Highlights: Fully gut-renovated, turnkey asset with minimal capex required Stabilized building with strong in-place cash flow Desirable unit mix with majority 2-bedroom units Located on a quiet, tree-lined street in West Town Location Overview: Prime West Town location near Ukrainian Village and Wicker Park Close proximity to Division St and Chicago Ave retail corridors Strong tenant demand driven by walkability, dining, and nightlife Easy access to CTA Blue Line and major transit routes Additional Notes: Taxes have been successfully appealed, resulting in a significant reduction Consistent rent growth and strong rental comps in the immediate area Ideal for investors seeking stabilized North Side assets with long-term upside

FOR SALE DETAILS

PRICE

$2,700,000 USD

PRICE/SF

$386 USD /SF

# OF UNITS

8

PRICE/UNIT

$337,500

CAP RATE

6%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1890

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

RS-3

APN/PARCEL ID

16-01-228-022-0000

ASK ABOUT THIS PROPERTY

Ian LuscombeChicago Real Estate ResourcesMore Info
312-477-9181

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Ian LuscombeChicago Real Estate ResourcesMore Info
312-477-9181

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.