3265 S Archer Ave - Apartments FOR SALE


Chicago, IL 60608- McKinley Park
$1,550,000 USD
630-640-1001
3265 S Archer Ave, Chicago, IL for Sale
$1,550,000 USD
Apartments - FOR SALE
1/11
null | Request Cap Rate

3265 S Archer Ave
Chicago, IL 60608
McKinley Park


HIGHLIGHTS

  • Large 2 Bed/3 Bath Duplex Loft with Sauna
  • New 5 Year Retail Lease
  • 2 Car Garage w/ High Ceilings & Support to add Additional Floor or Deck with Potential to Convert Garage to Retail/Apartment
  • Oversized Lot - Parking for 6 Cars
  • Numerous Updates
  • Bridgeport/McKinley Park Area | Below Market Rents | Easy Access to I-55, I-90 & CTA Orange Line

OVERVIEW

This beautifully maintained and updated corner building consists of six apartments and two retail spaces. The retail units have recently been leased to a spa on a new 5 Year Lease with options. Five of the six apartments have been updated, including an expansive duplex loft ideal as an owner’s unit, featuring large windows, a high-end kitchen with Viking appliances, and a spa-like bathroom with a Jacuzzi tub and sauna. Abundant natural light enhances each unit, showcasing the property’s quality finishes and inviting atmosphere. All City of Chicago required updates have been completed, including newly paved basement floor, Fire Rated Drywall on the basement ceiling, electrical & new porch. Located on a large lot with street frontage along Archer Avenue, and the building also includes a two-car garage with high ceilings—presenting potential for conversion into additional residential or retail space, or continued use as income- generating parking. A large driveway provides additional parking for multiple cars, a valuable amenity and added income opportunity.

FOR SALE DETAILS

PRICE

$1,550,000 USD

PRICE/SF

$191 USD /SF

# OF UNITS

8

PRICE/UNIT

$193,750

CAP RATE

Request Cap Rate

% 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

1888

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,485 SF

ZONING

C1-2

APN/PARCEL ID

17-31-212-027-0000,17-31-212-037-0000

ASK ABOUT THIS PROPERTY

Paul CawthonSVN | Chicago CommercialMore Info
630-640-1001

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Paul CawthonSVN | Chicago CommercialMore Info
630-640-1001

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