3751-3759 N Western Ave - Apartments FOR SALE
Chicago, IL 60618 |
3751-3759 N Western Ave
Chicago, IL 60618
HIGHLIGHTS
- Rare infill site offering immediate income and long-term growth
- In-place rents offset carry costs during construction; Room to increase rents on a handful of existing units
- Existing mixed-use building was fully gut rehabbed in 2018 with minimal deferred maintenance or capex required
- B3-3 zoning allows for up to 22 additional dwelling units as-of-right with no parking
- Core location in strong rental submarket, located one block from Bell Elementary, a desirable and highly rated K-8 CPS school
- Conveniently accessible with CTA bus stop located in front of the building and I-90/94 located 1.5 miles away
FOR SALE DETAILS
PRICE
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# OF UNITS
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CAP RATE
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% LEASED
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BUILDING DETAILS
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
24657
STORIES
3
YEAR BUILT
1931
PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
14-19-116-001-0000
