2050 W Fargo Ave - Multi-Family FOR SALE


Chicago, IL 60645- Rogers Park
$2,100,000 USD
773-293-5015
2050 W Fargo Ave, Chicago, IL for Sale
$2,100,000 USD
Multi-Family - FOR SALE
1/5
null | 6.29% Cap Rate

2050 W Fargo Ave
Chicago, IL 60645
Rogers Park


HIGHLIGHTS

  • 30+ Year Ownership
  • (9) 1bd/1ba and (4) 2bd/1ba with Separate Dining Rooms
  • Attached Seven-Car Garage
  • Below Market Rents

OVERVIEW

Kiser Group has been exclusively engaged to market 2050-52 W Fargo Ave, a 13-unit walk-up apartment building located in Chicago’s Rogers Park neighborhood. The property includes 13 large units presenting a compelling value-add opportunity in a strong North Side rental market. The building has been under the same ownership for over 30 years and has been well-maintained throughout that time. Recent capital improvements include a full roof tear-off and parapet wall rebuild (2014), fully rebuilt boiler (2025), new windows (2010), porch replacement (2005), and tuckpointing (2023). The unit mix consists of (9) 1bd/1ba and (4) 2bd/1ba apartments, all featuring spacious layouts with separate dining rooms. The property also includes a seven-car garage, providing additional income potential. A new owner has the opportunity to unlock substantial value through cosmetic upgrades to kitchens, bathrooms, and common areas, along with potential layout improvements to enhance functionality and appeal. With rents currently below market due to long-term tenancy, the property offers immediate upside potential through renovations and efficient operations.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$191 USD /SF

# OF UNITS

12

PRICE/UNIT

$175,000

CAP RATE

6.29%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2050-52 W Fargo Ave

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1927

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

11-30-312-017-0000

ASK ABOUT THIS PROPERTY

Danny LogarakisKiser GroupMore Info
773-293-5015

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

Danny LogarakisKiser GroupMore Info
773-293-5015

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