4850 W North Ave - Apartments FOR SALE


Chicago, IL 60639- Austin
$3,650,000 USD
630-550-1515
4850 W North Ave, Chicago, IL for Sale
$3,650,000 USD
Apartments - FOR SALE
1/16
null | 7.5% Cap Rate

4850 W North Ave
Chicago, IL 60639
Austin


HIGHLIGHTS

  • Strong Location
  • Renovated Units
  • Extensive Capital Improvements

OVERVIEW

SVN is pleased to present a 34-unit Multifamily building located on the border of North Austin and Belmont Cragin. The property is steps away from strong retail centers. The unit mix consists of (2) Commercial Spaces, (6) studios, and (18) 1 Bedroom 1 Bath, (8) 2 Bedroom 1 Bath Apartments. Majority of units have been newly remodeled with updated kitchens and baths and new appliances. 4850 W North Ave is equipped with (2) newer boilers, (2) 200-gallon water tanks, newer electrical, newer porches, newer roof, high-quality interior and exterior camera system, LED exterior lighting and lastly (4) Washers & (4) dryers. The building is in very strong condition and well-maintained and managed.

FOR SALE DETAILS

PRICE

$3,650,000 USD

PRICE/SF

$114 USD /SF

# OF UNITS

32

PRICE/UNIT

$114,063

CAP RATE

7.5%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1928

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,800 SF

ZONING

C2-1

APN/PARCEL ID

13-33-423-040-0000,13-33-423-041-0000

ASK ABOUT THIS PROPERTY

Joe ConnellySVN | Chicago CommercialMore Info
630-550-1515

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Joe ConnellySVN | Chicago CommercialMore Info
630-550-1515

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