1609 W Greenleaf Ave - Apartments FOR SALE


Chicago, IL 60626- Rogers Park
$2,245,000 USD
1609 W Greenleaf Ave, Chicago, IL for Sale
$2,245,000 USD
Apartments - FOR SALE
1/1
null | 5.43% Cap Rate

1609 W Greenleaf Ave
Chicago, IL 60626
Rogers Park


HIGHLIGHTS

  • Close to schools
  • Gated parking
  • Gated building
  • Close to Redline, CTA and Metra
  • Walking distance to Lake Michigan
  • Walking distance to various plazas

OVERVIEW

Prime Rogers Park multifamily investment opportunity. 10-unit gated brick building with 13 surface parking spaces — one space per unit — generating $23,400 in annual parking income. All units feature hardwood floors and kitchen appliances. Units vary in level of updating, providing immediate value-add opportunity for the new owner. Located blocks from Lake Michigan and its beaches, in close proximity to Loyola University, and directly served by the CTA Red, Purple, and Yellow Lines and Metra. Strong in-place NOI of $121,874 with significant upside as below-market rents are brought to current market rates. A rare gated multifamily asset in one of Chicago’s most desirable lakefront neighborhoods.

FOR SALE DETAILS

PRICE

$2,245,000 USD

PRICE/SF

$309 USD /SF

# OF UNITS

10

PRICE/UNIT

$224,500

CAP RATE

5.43%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1964

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,928 SF

ZONING

RT-4

APN/PARCEL ID

11-31-213-015-0000

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Irina EvtimovGold Coast SalonMore Info

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Irina EvtimovGold Coast SalonMore Info

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