3210 W Lawrence Ave - Apartments FOR SALE


Chicago, IL 60625- Albany Park
$2,590,000 USD
312-751-0300
3210 W Lawrence Ave, Chicago, IL for Sale
$2,590,000 USD
Apartments - FOR SALE
1/42
null | Request Cap Rate

3210 W Lawrence Ave
Chicago, IL 60625
Albany Park


OVERVIEW

Introducing an exceptional investment opportunity in Albany Park-a newly developed, nine-unit mixed-use property strategically located in the bustling Lawrence/Kedzie TIF district. This property boasts Fully leased storefronts, ensuring immediate cash flow, along with six brand-new residential units that exemplify modern urban living. The residential units feature contemporary designs with open layouts and skylights, creating a bright and inviting atmosphere. Each unit is equipped with central air conditioning and in-unit washer and dryer for ultimate convenience. The high-quality finishes throughout enhance the overall appeal, making these residences highly desirable. In addition to the attractive living spaces, this property includes an impressive 6800 ft basement space, providing significant potential for additional income. Whether you envision expanding the residential offerings or creating value-added amenities, this versatile area is a blank canvas for your creativity. The property also features a four-car attached garage, providing ample parking for residents . Recent upgrades include a new 16 amp electric service, a modern water service installation, and a state-of-the-art water sprinkler system, ensuring safety and efficiency. The building has also undergone tuckpointing to maintain its structural integrity and aesthetic appeal. Situated in a high-traffic location along the Lawrence and Kedzie corridor, this mixed-use property benefits from excellent visibility and accessibility. Residents and businesses enjoy convenient access to public transportation, with the Brown Line train just a short distance away, making it an ideal spot for both living and commerce. This property represents a unique opportunity to invest in a thriving community with a strong rental market and significant growth potential. Don't miss your chance to own a piece of Albany Park's vibrant landscape.

FOR SALE DETAILS

PRICE

$2,590,000 USD

PRICE/SF

$218 USD /SF

# OF UNITS

6

PRICE/UNIT

$431,667

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1915

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

B1-2

APN/PARCEL ID

13-11-431-021-0000,13-11-431-022-0000

ASK ABOUT THIS PROPERTY

Art CollazoJameson Commercial Real EstateMore Info
312-751-0300

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Art CollazoJameson Commercial Real EstateMore Info
312-751-0300

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