2038-2048 W Touhy Ave - Apartments FOR SALE


Chicago, IL 60645- Rogers Park
$6,500,000 USD
847-989-3017
2038-2048 W Touhy Ave, Chicago, IL for Sale
$6,500,000 USD
Apartments - FOR SALE
1/16
null | 6.09% Cap Rate

2038-2048 W Touhy Ave
Chicago, IL 60645
Rogers Park


HIGHLIGHTS

  • 33 Unit Apartment Building Gut-Renovated for Condos in 2008
  • Significant Rental Upside Achievable Through Renewal/Turnover Program
  • Apartments Feature Stainless Appliances, Granite Counters, In-Unit Laundry & Rear Decks
  • Building Updates Include New Electric, Plumbing, Windows, Porches & Individual HVAC
  • Close Proximity to Rogers Park Metra Station & Jarvis "L" Station Servicing the Red Line
  • Only One Mile from Chicago's Beautiful Lakefront Beaches & Parks

OVERVIEW

2038-2048 West Touhy Avenue, an exceptional 33-unit apartment building located in Chicago’s vibrant Rogers Park neighborhood, has been engaged to market for sale. Uniquely situated on a triangular lot, this well-maintained property offers a desirable unit mix consisting of primarily of 2- bedroom apartments, along with a selection of studios, 1-bedrooms and 3- bedrooms. Gut-renovated in 2008, the building features modern upgrades including new electric service & panels for each unit, individual HVAC, new plumbing, in-unit laundry, and new rear porches. Originally intended for condos, the apartments showcase hardwood floors throughout, stainless steel appliances, granite countertops with kitchen islands and tile work in the bathrooms. Situated on Touhy Avenue just south of Rogers Avenue, 2038-2048 West Touhy is conveniently located just blocks from the Rogers Park Metra Station and less than a mile from the Jarvis CTA Red Line station, offering seamless access to downtown Chicago and the North Shore. Multiple bus stops are also within walking distance, making commuting simple and efficient. The property is also close to neighborhood institutions like the Glenwood Sunday Market and the historic Loyola Park and beach along Lake Michigan, and Loyola University Chicago.

FOR SALE DETAILS

PRICE

$6,500,000 USD

PRICE/SF

$211 USD /SF

# OF UNITS

33

PRICE/UNIT

$196,970

CAP RATE

6.09%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1929

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,388 SF

ZONING

R-4, Chicago

APN/PARCEL ID

11-30-324-004-0000

ASK ABOUT THIS PROPERTY

Jordan GottliebEssex Realty Group, LLCMore Info
847-989-3017

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

Jordan GottliebEssex Realty Group, LLCMore Info
847-989-3017

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