1501 N Cleveland Ave - Apartments FOR SALE


Chicago, IL 60610- Old Town
$2,200,000 USD
773-293-5000
1501 N Cleveland Ave, Chicago, IL for Sale
$2,200,000 USD
Apartments - FOR SALE
1/5
null | 3.4% Cap Rate

1501 N Cleveland Ave
Chicago, IL 60610
Old Town


HIGHLIGHTS

  • Prime Old Town location steps from the Wells Street corridor and Sedgwick Brown Line
  • Current zoning allows for up to 7 units
  • Separate furnaces and water heaters in each unit
  • In-unit laundry
  • Private rooftop terraces
  • 5-space garage

OVERVIEW

Kiser Group presents 1501 N Cleveland Ave, a 4-unit multifamily property in Chicago's Old Town neighborhood. The building offers approximately 7,000 square feet of rentable space. Unit 1 occupies the ground floor, Unit 2 spans the second floor, and Units 3F and 3R each duplex up to the fourth floor. Each unit features its own furnace and water heater, along with in-unit washer and dryer. All utilities are paid by tenants with the exception of water and trash, minimizing owner expenses. Three of the four units have access to their own private outdoor terrace. The property also includes a 5-space garage, a rare parking amenity in Old Town that provides additional income potential.

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$275 USD /SF

# OF UNITS

4

PRICE/UNIT

$550,000

CAP RATE

3.4%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1881

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

RM-5

APN/PARCEL ID

17-04-110-028-0000

ASK ABOUT THIS PROPERTY

Viktor RadzietaKiser GroupMore Info
773-293-5000

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

Viktor RadzietaKiser GroupMore Info
773-293-5000

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