2435 S California Ave - Apartments FOR SALE


Chicago, IL 60608- Little Village
$1,100,000 USD
630-379-7464
2435 S California Ave, Chicago, IL for Sale
$1,100,000 USD
Apartments - FOR SALE
1/20
null | 7% Cap Rate

2435 S California Ave
Chicago, IL 60608
Little Village


HIGHLIGHTS

  • Approved for 2 additional units
  • Corner lot
  • In unit laundry
  • Central A/C

OVERVIEW

Large brick 6-unit overlooking California Boulevard. In place 7% CAP rate with rental upside. Plus potential to add 2 more garden units with existing city approved plans conveyed in price. Great corner building with 3 full floor units, plus a coach house with 3 additional units. The property was gut renovated in 2017 and still has a great value add opportunity through bringing rents to market. The modern units feature granite, hardwood, central forced air HVAC, dishwashers, in-unit W/D and spacious bedrooms and bathrooms. Long time professional property management is willing to stay in place making this a true turn key investment in a rapidly appreciating sub market.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$177 USD /SF

# OF UNITS

6

PRICE/UNIT

$183,333

CAP RATE

7%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1904

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

RT-4

APN/PARCEL ID

16-25-217-001-0000

ASK ABOUT THIS PROPERTY

Jake FugmaneXp RealtyMore Info
630-379-7464

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Jake FugmaneXp RealtyMore Info
630-379-7464

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