1756 W North Ave - Apartments FOR SALE


Chicago, IL 60622- Bucktown
$4,350,000 USD
773-293-5030
1756 W North Ave, Chicago, IL for Sale
$4,350,000 USD
Apartments - FOR SALE
1/5
null | 6.12% Cap Rate

1756 W North Ave
Chicago, IL 60622
Bucktown


HIGHLIGHTS

  • Turnkey Asset in Wicker Park
  • Long-term Retail Tenants
  • Gut Renovated in 2020
  • 5% Rent Increases on Recent Renewals

OVERVIEW

Kiser Group is pleased to present 1756 West North Avenue for sale. Located in Wicker Park, this mixed-use property was gut-renovated in 2020 and has been meticulously maintained since. Recent lease renewals have averaged 5%, with clear potential for further rent growth. All three retail tenants are long-term occupants on gross leases. As part of the 2020 renovation, all major systems were updated, including plumbing, electrical, roof, windows, and interiors. The residential units feature high-end finishes and individual mechanical systems. 1756 West North Avenue offers investors the opportunity to acquire a truly stabilized asset in one of Chicago’s most desirable neighborhoods.

FOR SALE DETAILS

PRICE

$4,350,000 USD

PRICE/SF

$417 USD /SF

# OF UNITS

11

PRICE/UNIT

$395,455

CAP RATE

6.12%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1756 W North Avenue

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1888

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,202 SF

ZONING

C1-2

APN/PARCEL ID

14-31-428-049-0000,14-31-428-050-0000

ASK ABOUT THIS PROPERTY

Jake ParkerKiser GroupMore Info
773-293-5030

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Jake ParkerKiser GroupMore Info
773-293-5030

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