3765 N Kenmore Ave - Apartments FOR SALE


Chicago, IL 60613- Wrigleyville
$2,495,000 USD
224-305-4102
3765 N Kenmore Ave, Chicago, IL for Sale
$2,495,000 USD
Apartments - FOR SALE
1/23
null | 6% Cap Rate

3765 N Kenmore Ave
Chicago, IL 60613
Wrigleyville


HIGHLIGHTS

  • Prime Wrigleyville Location Just One Block from Wrigley Field & Steps to CTA Red Line – Surrounded by Dining, Retail & Entertainment
  • Unit Mix Consisting of Six (6) Spacious 2 Bed/2 Bath Units and One (1) 1 Bed/1 Bath Garden Unit
  • Recently Renovated Units Featuring Hardwood Floors, Quartz Countertops, Stainless Steel Appliances, Central HVAC & Exposed Brick Accents
  • Current Rents Approximately 8%–10% Below Market – Immediate Upside Through Value-Add Leasing & Potential Addition of In-Unit Laundry
  • Currently Achieving 9% Avg. Increases On New Leases With Little to No Changes or Improvements to The Units

OVERVIEW

Essex Realty Group, LLC has been exclusively engaged to market for sale 3765 N. Kenmore Ave., a 7-unit corner walk-up apartment building located in Chicago’s highly desirable Wrigleyville submarket within the Lakeview neighborhood. The Property is comprised of six (6) 2 Bd/2 Ba units and one (1) 1 Bd/1 Ba garden unit. Units feature quality interior finishes including hardwood floors, quartz countertops, stainless steel appliances, dishwashers, and central heat and air conditioning. Additional building improvements include updated copper plumbing, 200 AMP electric service to each unit, and individual hot water tanks. The Property also offers coin-operated laundry and one-to-one tenant storage in the basement. Current rents are approximately 8%–10% below market, presenting an immediate value-add opportunity for a new investor. Furthermore, the existing layout allows for the potential addition of in-unit laundry, providing a clear path to increased rental income and enhanced tenant appeal. Ideally located just one block from Wrigley Field and a short walk to the Addison Red Line CTA Station, 3765 N. Kenmore Ave. offers residents unbeatable access to public transit, retail, dining, and entertainment in one of Chicago’s most vibrant neighborhoods.

FOR SALE DETAILS

PRICE

$2,495,000 USD

PRICE/SF

$427 USD /SF

# OF UNITS

7

PRICE/UNIT

$356,429

CAP RATE

6%

% 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

1899

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

R

APN/PARCEL ID

14-20-219-001-0000

ASK ABOUT THIS PROPERTY

Matt FeoEssex Realty Group, LLCMore Info
224-305-4102

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Matt FeoEssex Realty Group, LLCMore Info
224-305-4102

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