1640-1642 W Fargo Ave - Apartments FOR SALE


Chicago, IL 60626- Rogers Park
$1,500,000 USD
815-690-7039
1640-1642 W Fargo Ave, Chicago, IL for Sale
$1,500,000 USD
Apartments - FOR SALE
1/27
null | Request Cap Rate

1640-1642 W Fargo Ave
Chicago, IL 60626
Rogers Park


HIGHLIGHTS

  • Less than two blocks from the CTA Red Line Jarvis and Howard stations
  • A few blocks from Lake Michigan (Fargo Beach)
  • (3) 2BR/1Ba and (3) 2BR/1.5Ba units with open layouts, luxury kitchens and dedicated office area
  • Each unit has individual HVAC and secure basement storage, building gut renovated in 2011
  • Secure exterior parking for each unit

OVERVIEW

95 Realty, as exclusive advisor, is pleased to offer for purchase 1640 W. Fargo, a 6-unit center-entrance apartment building in the Rogers Park neighborhood on Chicago's Northside. The property was gut-renovated in 2011 and features (3) 2BR/1Ba and (3) 2BR/1.5Ba units with luxury kitchens and bathrooms. Building upgrades included brand new electric, copper plumbing, separate mechanicals, windows, and porches. The property features (6) gated exterior parking spaces, laundry facilities, and storage. The property is situated a few blocks from Lake Michigan and Evanston, IL, home of Northwestern University. Tenants have excellent transit options with the Jarvis and Howard CTA stations with access to downtown, Evanston and Skokie. Rogers Park is home to Loyola University and an array of diverse cultures, restaurants, lakefront beaches, and parks.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$245 USD /SF

# OF UNITS

6

PRICE/UNIT

$250,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1911

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,253 SF

ZONING

B2-3

APN/PARCEL ID

11-30-412-002-0000

ASK ABOUT THIS PROPERTY

Connor Loughlin95 RealtyMore Info
815-690-7039

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Connor Loughlin95 RealtyMore Info
815-690-7039

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