2250-2258 W Rosemont Ave - Apartments FOR SALE


Chicago, IL 60659- West Rogers Park
$2,700,000 USD
773-575-2779
2250-2258 W Rosemont Ave, Chicago, IL for Sale
$2,700,000 USD
Apartments - FOR SALE
1/32
null | 3.93% Cap Rate

2250-2258 W Rosemont Ave
Chicago, IL 60659
West Rogers Park


OVERVIEW

Presented for sale is an 17-unit corner multifamily property located at 6305 N Oakley Avenue and 2250 W Rosemont Avenue in Chicago’s desirable North Side neighborhood, West Rogers Park. The property has been family-owned and owner-operated for over 40 years, representing a rare opportunity to acquire a generational asset that has been carefully maintained with a long-term ownership mindset. The corner location property provides strong curb appeal and benefits from its position with excellent light exposure, in a desirable North Side neighborhood known for strong renter demand, access to public transportation, proximity to neighborhood retail, dining, and community amenities. Corner assets in this submarket are increasingly rare with limited new multifamily supply, adding long-term value and defensibility. This offering combines stable in-place cash flow, a strong neighborhood location, and meaningful upside through operational and rental optimization, making it well suited for investors seeking a core-plus or long-term hold opportunity. Value-Add & Upside Potential, this property offers clear pathways for value creation. Gradual rental growth creating 2 bedroom units from the 13 one bedroom units and 4 two bedroom units, coin laundry and garage parking rental increasing rents to be aligned with market conditions. Operational efficiencies under professional management. Strategic capital improvements to enhance long-term performance. Investors benefit from acquiring an asset with proven stability while retaining flexibility to implement modernization strategies over time.

FOR SALE DETAILS

PRICE

$2,700,000 USD

PRICE/SF

$157 USD /SF

# OF UNITS

17

PRICE/UNIT

$158,824

CAP RATE

3.93%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1929

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,592 SF

ZONING

RT-4

APN/PARCEL ID

14-06-102-020-0000

ASK ABOUT THIS PROPERTY

Myra Nimchaiyong, CCIMC21 SGR CommercialMore Info
773-575-2779

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Myra Nimchaiyong, CCIMC21 SGR CommercialMore Info
773-575-2779

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