2325 S California Ave - Apartments FOR SALE


Chicago, IL 60608- Little Village
$1,475,000 USD
773-799-0639
2325 S California Ave, Chicago, IL for Sale
$1,475,000 USD
Apartments - FOR SALE
1/8
null | 6.54% Cap Rate

2325 S California Ave
Chicago, IL 60608
Little Village


OVERVIEW

Essex Realty Group is pleased to present 2325 S. California, a 7-unit brick, walk-up building in Chicago's thriving Little Village neighborhood within Marshall Square. This property boasts a diverse unit mix of three (3) one-bedroom / one-bath apartments, one (1) two-bedroom / one-bath apartment, one (1) two-bedroom / two-bath apartment, one (1) three-bedroom / two-bath apartment, and one (1)three-bedroom / three-bath apartment. This one-of-a-kind property has undergone a complete gut rehabilitation with no expense spared, featuring condo-quality finishes throughout. The apartment improvements include designer kitchens with white shaker-style cabinetry, quartz countertops, and stainless steel appliances, fully updated bathrooms with modern vanities and tile work, and new flooring. Every unit features in-unit stackable Whirlpool washer/dryer units, individual Ruud furnaces, and Rheem tankless water heaters for ultimate efficiency and tenant convenience. Additional building upgrades included a new 400 AMP electrical service with individual metering for each unit plus common areas. The property also offers five (5) surface parking spaces in the rear that provide additional income. This turnkey opportunity in Little Village offers savvy investors the chance to acquire a fully renovated, income-generating asset with significant growth potential. With premium amenities including in-unit laundry and modern mechanical systems, investors can command top-tier rental rates while capitalizing on the property's exceptional quality and strong performance.

FOR SALE DETAILS

PRICE

$1,475,000 USD

PRICE/SF

$200 USD /SF

# OF UNITS

7

PRICE/UNIT

$210,714

CAP RATE

6.54%

% 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

1914

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

-

APN/PARCEL ID

16-25-206-020-0000

ASK ABOUT THIS PROPERTY

Jesus GarciaEssex Realty Group, LLCMore Info
773-799-0639

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Jesus GarciaEssex Realty Group, LLCMore Info
773-799-0639

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