4140 N Western Ave - Apartments FOR SALE


Chicago, IL 60618- North Center
$699,000 USD
773-305-4858
4140 N Western Ave, Chicago, IL for Sale
$699,000 USD
Apartments - FOR SALE
1/50
null | 9.93% Cap Rate

4140 N Western Ave
Chicago, IL 60618
North Center


HIGHLIGHTS

  • Two-flat with additional garden unit (buyer to verify legality)
  • All units vacant — value-add or owner-occupy
  • Separate utilities, updated mechanicals, on-site laundry
  • Prime North Center location near Horner Park and transit

OVERVIEW

4140 N Western Avenue is a well-maintained two-flat with an additional garden unit (buyer to verify legality), offering strong stabilized cash flow and value-add upside in the heart of North Center. The property features a desirable unit mix consisting of a 3 Bed / 2 Bath duplex-up, 2 Bed / 1 Bath, and 1 Bed / 1 Bath lower-level unit. The building benefits from separate utilities, updated mechanical systems, on-site laundry, and a functional layout well-suited for both investors and owner-occupants. All units are currently vacant, providing immediate flexibility to renovate, lease at market rents, or occupy. Located along Western Avenue near Horner Park, public transit, and the Lincoln Square and North Center retail corridors, the property offers exceptional accessibility, long term rental demand, and neighborhood stability. 4140 N Western presents a compelling opportunity to acquire a flexible, income-producing asset in one of Chicago’s most sought-after North Side neighborhoods.

FOR SALE DETAILS

PRICE

$699,000 USD

PRICE/SF

$274 USD /SF

# OF UNITS

3

PRICE/UNIT

$233,000

CAP RATE

9.93%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1899

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

2,860 SF

ZONING

B3-3

APN/PARCEL ID

13-13-413-038-0000

ASK ABOUT THIS PROPERTY

Mitir PatelEssex 312, LLCMore Info
773-305-4858

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Mitir PatelEssex 312, LLCMore Info
773-305-4858

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