1607-1609 W Foster Ave - Apartments FOR SALE


Chicago, IL 60640- Ravenswood
$2,000,000 USD
773-849-7084
1607-1609 W Foster Ave, Chicago, IL for Sale
$2,000,000 USD
Apartments - FOR SALE
1/1
null | Request Cap Rate

1607-1609 W Foster Ave
Chicago, IL 60640
Ravenswood


OVERVIEW

1607–1609 W Foster Ave presents a rare opportunity to acquire a turnkey, fully renovated six-unit brick apartment building in the heart of Andersonville—one of Chicago’s most desirable and supply-constrained North Side neighborhoods. The property underwent a comprehensive renovation in 2018, delivering modern unit interiors, updated building systems, that position the asset for continued rent growth and stable long-term performance. The building features an exceptional unit mix consisting of four 2-bedroom / 2-bathroom apartments and two 3-bedroom / 2.5-bathroom apartments, catering to today’s renter demand for functional layouts and larger living spaces. All units include copper plumbing, individual HVAC systems and hot water tanks. The units all have in-unit laundry, updated kitchens and baths, and contemporary finishes—providing condominium-quality living within a stabilized multifamily investment.

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$338 USD /SF

# OF UNITS

6

PRICE/UNIT

$333,333

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1934

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,304 SF

ZONING

R3

APN/PARCEL ID

14-07-404-041-0000

ASK ABOUT THIS PROPERTY

Davis Edgerly33 RealtyMore Info
773-849-7084

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Davis Edgerly33 RealtyMore Info
773-849-7084

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