2957 N Avers Ave - Apartments FOR SALE


Chicago, IL 60618- Logan Square
$1,375,000 USD
847-624-6639
2957 N Avers Ave, Chicago, IL for Sale
$1,375,000 USD
Apartments - FOR SALE
1/55
null | 6.17% Cap Rate

2957 N Avers Ave
Chicago, IL 60618
Logan Square


HIGHLIGHTS

  • Turnkey 5-unit investment (4 units + 1 non-confirming in-law suite)
  • 2019 renovation with desirable unit mix: 1 studio, 1 one-bedroom, 2 two-bedrooms, and 1 three-bedroom
  • High-end finishes including Calacatta quartz countertops, 42? white shaker cabinets, and stainless steel appliances
  • In-unit laundry, central heat and air, smart-lock keyless entry, and private tenant storage
  • Generates over $112,000 in annual gross income with strong in-place rents and two-car garage providing additional rental income
  • Located on a 27x125 lot with easy access to Kosciuszko Park, CTA Blue Line, and Kennedy Expressway

OVERVIEW

Attention Investors and Owner-Occupants!! Triton presents the exclusive opportunity to acquire 2957 N. Avers, a 4-unit with one additional in-law suite. Renovated in 2019, the property features high-end kitchens with beautiful Calacatta quartz counter tops, 42" white shaker cabinets, stainless steel appliances, in-unit laundry, modern open layout floor plans, and large windows for lots of natural light throughout the apartments. 2957 N. Avers features an excellent unit mix with (1) Studio, (1) 1bd 1ba's, (2) 2bd 1ba's, and (1) 3bd 1ba. All units have central heat and air. This building is smart lock operated with keyless entry and separate smart lock storage areas for tenants. Two-car garage on the premises for extra income. Positioned on a 27x125 lot, the building generates over $112K+ in annual gross income with strong in place rents. Tenants enjoy easy access to Kosciuszko Park, public transit (Blue Line CTA), and the Kennedy Expressway, making this a highly desirable and easy-to-rent location. Whether you're a seasoned investor or entering the multi-family market, 2957 N. Avers is a turnkey opportunity in on one of Chicago's thriving neighborhoods poised for continued growth.

FOR SALE DETAILS

PRICE

$1,375,000 USD

PRICE/SF

$299 USD /SF

# OF UNITS

5

PRICE/UNIT

$275,000

CAP RATE

6.17%

% LEASED

100%

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

2

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,398 SF

ZONING

RS-3

APN/PARCEL ID

13-26-121-002-0000

ASK ABOUT THIS PROPERTY

Harrison CohenTriton Realty Group, LLCMore Info
847-624-6639

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

Harrison CohenTriton Realty Group, LLCMore Info
847-624-6639

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