6361 W Addison St - Apartments FOR SALE


Chicago, IL 60634- Portage Park
$1,095,000 USD
847-778-8746
6361 W Addison St, Chicago, IL for Sale
$1,095,000 USD
Apartments - FOR SALE
1/8
null | 5.27% Cap Rate

6361 W Addison St
Chicago, IL 60634
Portage Park


HIGHLIGHTS

  • Corner Lot
  • Building-Owned Common Area Laundry
  • 6 Rear Surface Parking Spaces

OVERVIEW

6361 W. Addison is a 9-unit multifamily asset offered as part of the Gary R. Carlson Northwest Side Portfolio, located in Chicago’s Portage Park neighborhood. The building features six residential units, consisting of seven 1-bedroom apartments and two 2-bedroom apartments, offering an efficient and desirable mix for this family-oriented Northwest Side submarket. Built in 1965 with 7,000 rentable square feet, the property includes a solid masonry exterior, building-owned common area laundry, and six rear surface parking spaces, supporting both tenant convenience and operational income. Well-positioned along the Addison corridor near local retail, parks, schools, and major transit routes, the asset provides stable in-place cash flow with additional value-add potential through increasing below-market rents and interior updates. RT-4 Zoning.

FOR SALE DETAILS

PRICE

$1,095,000 USD

PRICE/SF

$159 USD /SF

# OF UNITS

9

PRICE/UNIT

$121,667

CAP RATE

5.27%

% LEASED

78%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

RT-4

APN/PARCEL ID

13-20-300-034-0000

ASK ABOUT THIS PROPERTY

Matthew FritzshallTriton Realty Group, LLCMore Info
847-778-8746

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Matthew FritzshallTriton Realty Group, LLCMore Info
847-778-8746

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