6431-6433 N California Ave - Apartments FOR SALE


Chicago, IL 60645- West Rogers Park | 
$1,250,000 USD
630-379-7464
6431-6433 N California Ave, Chicago, IL for Sale
$1,250,000 USD
Apartments - FOR SALE
1/37
null | 7.39% Cap Rate

6431-6433 N California Ave
Chicago, IL 60645
West Rogers Park


HIGHLIGHTS

  • Main retail corridor
  • 4 Large residential units
  • 5 car garage

OVERVIEW

6431-33 N. California Ave is an updated 6-unit mixed-use building in Chicago's West Ridge neighborhood. The property offers investors a well maintained, rarely available asset in one of West Ridge's most desirable pockets. The unit mix includes four 2 Bed/1.5 bath apartments with large, separate living and dining rooms, oversized bedrooms, and extra half-baths that give them an edge over competing rentals. All four units have been remodeled to some degree in the last 10 yrs - featuring stainless steel appliances, dishwashers, central heat & air, and in-unit laundry. Opportunity exists to bring longer term tenants up to market and boost NOI. The property also includes two fully occupied street-level commercial spaces benefiting from heavy foot traffic along Devon and California Ave, plus two large unfinished basements and five garage parking spaces. Located near Devon Avenue's commercial corridor, the property offers easy access to shops, restaurants, and multiple CTA bus lines.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$151 USD /SF

# OF UNITS

6

PRICE/UNIT

$208,333

CAP RATE

7.39%

% 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

1929

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

B3-2

APN/PARCEL ID

10-36-424-006-0000

ASK ABOUT THIS PROPERTY

Jake FugmaneXp RealtyMore Info
630-379-7464

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Jake FugmaneXp RealtyMore Info
630-379-7464

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