4256 N Sawyer Ave - Apartments FOR SALE


Chicago, IL 60618- Albany Park
$1,200,000 USD
773-305-4848
4256 N Sawyer Ave, Chicago, IL for Sale
$1,200,000 USD
Apartments - FOR SALE
1/5
null | 5.54% Cap Rate

4256 N Sawyer Ave
Chicago, IL 60618
Albany Park


HIGHLIGHTS

  • Ideally located near public transportation and various neighborhood amenities
  • Highly attractive asset for both tenants and investors

OVERVIEW

Essex Realty Group, Inc. is exclusively engaged to market the sale of 4256 N. Sawyer Ave., a six-unit walk-up apartment building situated in a low-density pocket bordered by Ravenswood Manor, Irving Park, and Mayfair in Chicago’s desirable Albany Park neighborhood. The property consists of three (3) one-bedroom, one-bath units and three (3) two bedroom, one-bath units. Inside, the apartments feature hardwood flooring, individual furnaces, separate hot water tanks, and moderately updated kitchens and bathrooms. Each unit offers spacious floor plans with separate dining rooms, enclosed front sunrooms, and rear porches. The building has been well-maintained over the years with several recent capital improvements, including roof resealing, tuck-pointing, new gutters, vinyl windows, and the addition of two new back porches in 2017. Over the past 12 months, the current ownership has successfully increased revenue by nearly 15%. Despite the already strong rental income, the property presents an attractive opportunity for investors to add further value through continued interior upgrades. Renovating kitchens and bathrooms with contemporary finishes, adding in-unit laundry, and possibly incorporating an additional garden apartment would significantly enhance the building’s appeal and cash flow, positioning it as a premium rental property in a highly sought-after submarket.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$216 USD /SF

# OF UNITS

6

PRICE/UNIT

$200,000

CAP RATE

5.54%

% 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

1910

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,920 SF

ZONING

RS-3

APN/PARCEL ID

13-14-414-020-0000

ASK ABOUT THIS PROPERTY

Reuben BlackmanEssex Realty Group, LLCMore Info
773-305-4848

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Reuben BlackmanEssex Realty Group, LLCMore Info
773-305-4848

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