773-293-5046
6400 N Glenwood Ave, Chicago, IL for Sale
Multi-Family - FOR SALE
1/7
null | Request Cap Rate

6400 N Glenwood Ave
Chicago, IL 60626
Rogers Park


HIGHLIGHTS

  • 17% Upside in current rents
  • Updated building mechanical systems
  • 0.3 Miles to the Loyola University Chicago Campus
  • 0.5 Miles to Loyola CTA Red Line
  • 0.6 Miles to Lake Michigan

OVERVIEW

Kiser Group has been exclusively engaged to market for sale 6400-08 N. Glenwood, a 39-unit mixed-use property in Chicago's Rogers Park neighborhood. This 1920s constructed asset is well-situated for Loyola University students as it's just 0.3 miles to Loyola's campus, 0.5 miles to the Loyola Red Line CTA station, and 0.6 miles to Lake Michigan. The building features a unit mix comprised of two (2) 1 bed / 1 bath units, six (6) large studios, and twenty-six (26) regular studio apartments. Units offer abundant natural light, hardwood floors, and updated kitchens with stainless steel appliances and granite countertops. Also, five (5) retail tenants occupy storefront spaces totaling ~6,650 square feet. Common amenities include a laundry room and the potential to convert the back patio to outdoor space or additional parking. Current apartment rents are ~17% below market, with upside for new ownership. As this 39-unit asset is set up just 0.3 miles from Loyola University, new ownership is guaranteed a historical property in a location that will always be sought after. This acquisition provides consistent demand from students and hedges against a continuously changing market.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

39

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1927

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

11-32-327-021-0000

ASK ABOUT THIS PROPERTY

Katie LeGrandKiser GroupMore Info
773-293-5046

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Katie LeGrandKiser GroupMore Info
773-293-5046

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