3653 W Barry Ave - Apartments FOR SALE


Chicago, IL 60618- Logan Square
$4,390,000 USD
312-863-8990
3653 W Barry Ave, Chicago, IL for Sale
$4,390,000 USD
Apartments - FOR SALE
1/21
null | 5.98% Cap Rate

3653 W Barry Ave
Chicago, IL 60618
Logan Square


OVERVIEW

Located in the vibrant neighborhood of Avondale, adjacent to Logan Square, the property at 3653 W Barry Ave, Chicago, IL 60618, stands as a testament to modern luxury and convenience. This boutique 8-unit multifamily building, completed in 2022, offers an absolute turnkey opportunity for investors seeking to capitalize on high-end residential accommodations in one of Chicago's most sought-after areas. Property Details Year Built: 2021-22 Location: Avondale, Chicago, IL 60618 Unit Mix: Each unit features 3 bedrooms and 2 bathrooms Building Features: Elevator access, luxury finishes, and an intimate community feel. Unit Features Each of the eight units within the building showcases meticulous craftsmanship and an unparalleled attention to detail, designed to cater to the most discerning residents. Key features include: Living Spaces: Open concept living and dining rooms with designer kitchens as focal points. The kitchens are equipped with black and white oak tone custom cabinetry, GE Profile appliances, quartz countertops, custom backsplashes, and exceptional pantries. Bedrooms: Spacious primary suites with walk-in custom closets and spa-like primary baths featuring dual vanities. Generous sized second and third bedrooms come with custom closets. Additional Amenities: Full-size in-unit laundry, custom-built coat wardrobes matching the unit's aesthetics, balconies off the living rooms, and a dedicated parking area for bicycles. Special Features Parking: Each unit includes a 1-car garage equipped with an electric car charge port. Outdoor Spaces: Balconies for each unit, providing private outdoor space. Location Advantage: Situated in Avondale near Logan Square, the property offers easy access to a plethora of dining, entertainment, and shopping options, enhancing the appeal for potential tenants. This property represents an exceptional investment opportunity in Chicago's competitive real estate market. With its modern amenities, luxurious finishes, and strategic location, 3653 W Barry Ave is perfectly positioned to attract high-quality tenants. The turnkey nature of this newly constructed building minimizes the need for immediate maintenance or upgrades, ensuring a seamless transition for the new owner and providing a stable, attractive return on investment.

FOR SALE DETAILS

PRICE

$4,390,000 USD

PRICE/SF

$279 USD /SF

# OF UNITS

8

PRICE/UNIT

$548,750

CAP RATE

5.98%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Avondale Residences - 2022 Construction

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2022

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,107 SF

ZONING

B2-2

APN/PARCEL ID

13-26-111-014-0000,13-26-111-015-0000

ASK ABOUT THIS PROPERTY

Tony HardyMidwest Investment AdvisorsMore Info
312-863-8990

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Tony HardyMidwest Investment AdvisorsMore Info
312-863-8990

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