1371 S California Ave - Apartments FOR SALE


Chicago, IL 60608- Lawndale
$2,195,000 USD
630-640-1001
1371 S California Ave, Chicago, IL for Sale
$2,195,000 USD
Apartments - FOR SALE
1/4
null | Request Cap Rate

1371 S California Ave
Chicago, IL 60608
Lawndale


HIGHLIGHTS

  • Classic Brick Construction on Prime Corner Lot
  • Hardwood Floors, Modern Amenities, Spacious Layouts
  • On-Site Laundry
  • Ample On-Site Storage for Each Unit
  • Energy Efficiency: Newer windows and updated HVAC systems ensure comfort and cost savings for tenants.
  • Easy Access to Public Transportation & Expressways

OVERVIEW

For sale at 1371 S California Avenue, a newly renovated multifamily brick building on a prime corner lot in Chicago’s vibrant Douglass Park. This income-generating gem features nine 2-bedroom/1-bath units and one 1-bedroom/1-bath unit, all with hardwood floors, modern kitchens with stainless steel appliances, updated bathrooms, and ample storage. The property includes on-site laundry, large entryways, a two-car garage, and energy-efficient upgrades like new windows and HVAC systems, ensuring tenant comfort and low maintenance. Tenants pay their own electric and gas. Ideally located minutes from I-290 and the California Pink Line station, residents enjoy easy access to downtown Chicago, Mount Sinai Hospital (0.5 miles), Douglass Park, and Cinespace Chicago Film Studios. The revitalizing neighborhood offers local eateries and cultural attractions, making this turnkey property a strong investment with consistent occupancy and growth potential in a high-demand rental market. Schedule a viewing today to seize this exceptional opportunity!

FOR SALE DETAILS

PRICE

$2,195,000 USD

PRICE/SF

$137 USD /SF

# OF UNITS

10

PRICE/UNIT

$219,500

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Residence on the Park

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1925

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,466 SF

ZONING

RM-5

APN/PARCEL ID

16-24-206-038-0000

ASK ABOUT THIS PROPERTY

Paul CawthonSVN | Chicago CommercialMore Info
630-640-1001

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Paul CawthonSVN | Chicago CommercialMore Info
630-640-1001

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