2615 W North Ave - Apartments FOR SALE


Chicago, IL 60647- Wicker Park
$900,000 USD
847-714-2913
2615 W North Ave, Chicago, IL for Sale
$900,000 USD
Apartments - FOR SALE
1/21
null | 6.32% Cap Rate

2615 W North Ave
Chicago, IL 60647
Wicker Park


OVERVIEW

We are pleased to present the exclusive sale of 2615 W North Ave. Located on a prime corner in the vibrant West Town/Humboldt Park neighborhood, this fully-leased mixed-use property offers two updated (3BD/1BA & 4BD/1BA) apartments and a long-term restaurant tenant. The apartments feature modern finishes, in-unit laundry, hardwood floors, and private outdoor space, while the restaurant lease includes the basement and 3.0% rent increases starting in 2026. The restaurant also pays a portion of the property taxes and 70% of water/sewer/trash, with a 2025 Gross Scheduled Income of $91,968, projected 2026 EGI of $97,537. Recent capital improvements include, but are not limited to, a new roof (2020), parking pad, deck, and foundation work. This asset provides stable cash flow with built-in upside in one of Chicago’s most dynamic corridors.

FOR SALE DETAILS

PRICE

$900,000 USD

PRICE/SF

$180 USD /SF

# OF UNITS

6

PRICE/UNIT

$150,000

CAP RATE

6.32%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1904

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

B3-2

APN/PARCEL ID

16-01-203-004-0000

ASK ABOUT THIS PROPERTY

Matthew NeistatJameson Commercial Real EstateMore Info
847-714-2913

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Matthew NeistatJameson Commercial Real EstateMore Info
847-714-2913

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