1766 W Granville Ave - Apartments FOR SALE


Chicago, IL 60660- Edgewater
$925,000 USD
815-690-7039
1766 W Granville Ave, Chicago, IL for Sale
$925,000 USD
Apartments - FOR SALE
1/30
null | Request Cap Rate

1766 W Granville Ave
Chicago, IL 60660
Edgewater


HIGHLIGHTS

  • Located in Edgewater just two blocks from Andersonville's Commercial Historic District
  • One block north of the brand new Peterson/Ridge Metra station
  • Unique duplex-up 1BR/1Ba units
  • Current rents well below market as-is

OVERVIEW

95 Realty, as exclusive advisor, is pleased to offer for purchase 1766 W. Granville, a 5-unit walk-up apartment building in Chicago's Edgewater neighborhood on the city's Northside. Just one block from the new Peterson/Ridge Metra station, the building features five identical duplex-up 1BR/1Ba units with baseboard heat and wall-mounted AC units, as well as a common area laundry facility and exterior parking spaces. Investors can drive value by making cosmetic improvements to kitchens and bathrooms, and adding laundry to units. There is also mark-to-market potential as-is, with multiple units being rented significantly below market to long-term tenants. This is an opportunity to own a multifamily building in one of Chicago's most sought-after Northside neighborhoods with consistent tenant demand and exceptional rent growth.

FOR SALE DETAILS

PRICE

$925,000 USD

PRICE/SF

$257 USD /SF

# OF UNITS

5

PRICE/UNIT

$185,000

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

2

YEAR BUILT

1981

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,580 SF

ZONING

RS-3

APN/PARCEL ID

14-06-209-009-0000

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.