5526 N Artesian Ave - Apartments FOR SALE


Chicago, IL 60625- Lincoln Square
$875,000 USD
708-899-0453
5526 N Artesian Ave, Chicago, IL for Sale
$875,000 USD
Apartments - FOR SALE
1/13
null | 4.25% Cap Rate

5526 N Artesian Ave
Chicago, IL 60625
Lincoln Square


HIGHLIGHTS

  • Constructed in 1926 and elegantly renovated in 2020
  • Three fully leased units, achieving 100% occupancy
  • Offers significant opportunity for increased rental-income,

OVERVIEW

Introducing a prime investment opportunity in the heart of Arcadia Terrace/Lincoln Square corridor, 5526 N. Artesian Ave. This meticulously maintained 3,600 SF building, constructed in 1926 and elegantly renovated in 2020, features three fully leased units, achieving 100% occupancy. The property offers significant opportunity for increased rental-income, as the garden unit is roughed-in for plumbing and electrical and provides ample ceiling height. With its classic charm and modern updates, this property offers a seamless investment prospect for multifamily and low-rise/garden investors. The building's impeccable condition, prime location, and strong rental history present a compelling opportunity for those seeking a turnkey investment in a desirable North Side Chicago market. Don't miss the chance to add this impressive property to your portfolio.

FOR SALE DETAILS

PRICE

$875,000 USD

PRICE/SF

$210 USD /SF

# OF UNITS

3

PRICE/UNIT

$291,667

CAP RATE

4.25%

% 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

1926

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

4,095 SF

ZONING

RT-4

APN/PARCEL ID

13-12-208-027-0000

ASK ABOUT THIS PROPERTY

Jack DoyleEssex 312, LLCMore Info
708-899-0453

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Jack DoyleEssex 312, LLCMore Info
708-899-0453

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