1625 W Greenleaf Ave - Apartments FOR SALE


Chicago, IL 60626- Rogers Park
$2,800,000 USD
773-293-5045
1625 W Greenleaf Ave, Chicago, IL for Sale
$2,800,000 USD
Apartments - FOR SALE
1/7
null | 6.16% Cap Rate

1625 W Greenleaf Ave
Chicago, IL 60626
Rogers Park


HIGHLIGHTS

  • One, two, and three-bedroom apartments
  • Upgraded building systems
  • 0.2 Miles to Rogers Park UP-N Station
  • 0.5 Miles to Morse CTA Red Line
  • Additional upside in current rents

OVERVIEW

Kiser Group has been exclusively engaged to market for sale 1625 W. Greenleaf, a 14-unit, walk-up style apartment building located in Chicago’s Rogers Park neighborhood. This 1920s constructed asset is well-situated as it sits just 0.2 Miles from the Rogers Park UP-N Station and 0.5 miles from the Morse CTA Red Line. 1625 W. Greenleaf features a unit mix comprised of one (1) studio, five (5) 1-bed / 1-bath units, five (5) 2-bed / 1 bath apartments, and three (3) 3-bedroom units. The property also includes common area laundry facilities. Interiors vary in finish level, including hardwood flooring, standard or stainless-steel appliances, granite or laminate countertops, and oversized floor plans. As current rents are 15%+ below market, new ownership can add value with light turnover work and by operating more aggressively to bring rents to market. Located in the desirable Rogers Park neighborhood, 0.2 Miles from the Rogers Park UP-N Station and 0.5 miles from the Morse CTA Red Line, this asset offers value-add potential in a northside area that will always be sought after.

FOR SALE DETAILS

PRICE

$2,800,000 USD

PRICE/SF

$233 USD /SF

# OF UNITS

14

PRICE/UNIT

$200,000

CAP RATE

6.16%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1929

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

R

APN/PARCEL ID

11-31-213-005-0000

ASK ABOUT THIS PROPERTY

Jacob PriceKiser GroupMore Info
773-293-5045

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Jacob PriceKiser GroupMore Info
773-293-5045

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