3462 W North Ave - Apartments FOR SALE


Chicago, IL 60647- Logan Square
$560,000 USD
708-691-0575
3462 W North Ave, Chicago, IL for Sale
$560,000 USD
Apartments - FOR SALE
1/12
null | 7.45% Cap Rate

3462 W North Ave
Chicago, IL 60647
Logan Square


HIGHLIGHTS

  • 4-unit mixed-use building featuring 2 large ~1200SF three bed, one bath (3/1) residential units, 1 ground floor studio, and open commercial space
  • Significant rental upside both as-is and with renovations
  • Rapidly developing pocket of Humboldt Park with an array of buzzy restaurants, bars, and cultural institutions
  • Easy access to multiple bus lines offering service in all directions - North to Logan Square, East to West Town, South to the loop, and beyond.

OVERVIEW

Situated on the bustling thoroughfare of North Avenue, just two blocks west of the Humboldt Park, 3462 W North Ave is a 4-unit mixed-use building featuring 2 large ~1200SF three bed, one bath (3/1) residential units, 1 ground floor studio, and an open commercial space. The commercial space and studio apartment are currently unoccupied, ready for owner-occupant or new retail vision / tenant. The 3/1 apartments are under-rented for the area and are prime for a value-ad investor. The property is ideally positioned to benefit from Humboldt Park’s continued growth and investment momentum. Positioned two blocks South of the 606 Trail, and along major transit routes (CTA 72 Bus), 3462 W North Ave offers downtown connectivity with neighborhood energy.

FOR SALE DETAILS

PRICE

$560,000 USD

PRICE/SF

$115 USD /SF

# OF UNITS

4

PRICE/UNIT

$140,000

CAP RATE

7.45%

% LEASED

50%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Value-Add | 4 Units | Prime Humboldt Park

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1891

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,400 SF

ZONING

B3-1

APN/PARCEL ID

13-35-419-037-0000

ASK ABOUT THIS PROPERTY

Frankie NixKiser GroupMore Info
708-691-0575

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

Frankie NixKiser GroupMore Info
708-691-0575

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