2249 W Touhy Ave - Multi-Family FOR SALE


Chicago, IL 60645- West Rogers Park
$1,599,000 USD
773-501-6201
2249 W Touhy Ave, Chicago, IL for Sale
$1,599,000 USD
Multi-Family - FOR SALE
1/3
null | 3.9% Cap Rate

2249 W Touhy Ave
Chicago, IL 60645
West Rogers Park


HIGHLIGHTS

  • Solid brick exterior
  • Near the train and the lake
  • Great neighborhood

OVERVIEW

First time on the market since 1948, this family owned and well maintained 9-flat sits on an oversized lot with 4 garage spaces. The property consists of six spacious one-bedroom units- designed with layouts that live like two bedrooms- along with three additional two-bedroom units. Recent improvements include a newer boiler, roof inspection, tuckpointing and lintel repairs, ensuring strong structural integrity and low maintenance needs. Less than 2 miles from the train and Lake Michigan. Rents are below market offering immediate value-add potential and room for income growth.

FOR SALE DETAILS

PRICE

$1,599,000 USD

PRICE/SF

$123 USD /SF

# OF UNITS

9

PRICE/UNIT

$177,667

CAP RATE

3.9%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1933

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

RT-4

APN/PARCEL ID

11-31-101-001-0000

ASK ABOUT THIS PROPERTY

Karen ArensonEngel & VölkersMore Info
773-501-6201

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Karen ArensonEngel & VölkersMore Info
773-501-6201

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